On Wednesday, Shares of AEterna Zentaris Inc. (USA) (NASDAQ:AEZS), lost -4.69% to $0.0610.
Aeterna Zentaris Inc., declared that it has convened a special meeting of shareholders to be held on Monday, November 16, 2015 , at 9:30 a.m. (Eastern time) for shareholders of record on October 14, 2015 to consider a special resolution authorizing the consolidation of the issued and outstanding common shares of the Corporation at a consolidation ratio of between 8-for-1 and 100-for-1 and that the Notice of Special Meeting of Shareholders and Administration Information Circular have been mailed to shareholders.
David Dodd , Chairman and CEO of Aeterna Zentaris, commented, “We are asking our shareholders to approve a share consolidation of up to 100-for-1 in order to avoid a potential delisting of our Common Shares from The NASDAQ Capital Market and to improve our capital structure. We believe that the consolidation could heighten the interest of the financial community in us and potentially broaden the pool of investors that may consider investing or be able to invest in us by increasing the trading price of our Common Shares. It could also assist to attract institutional investors who have internal policies that either prohibit them from purchasing stocks below a certain minimum price or tend to discourage individual brokers from recommending such stocks to their customers.”
As of the record date for the Meeting of October 14, 2015 , there were 544,179,214 issued and outstanding Common Shares and about 5.3 million issued and outstanding Series B Share Purchase Warrants, representing about 17.7% of the number originally issued.
Aeterna Zentaris Inc., a specialty biopharmaceutical company, engages in developing and commercializing novel treatments in oncology, endocrinology, and women’s health.
Shares of Host Hotels and Resorts Inc (NYSE:HST), declined -3.22% to $17.12, during its last trading session.
Host Hotels and Resorts, trades at 22.89 times forward earnings and is down -27.24% from its peak. The consensus price target is $20.09. The stock was trading at $17.12, up 11.46 percent from 52-week low of $15.36. The P/E ratio stood at 18.61, below a peak of $23.53.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States.
Finally, Shares of Interpublic Group of Companies Inc (NYSE:IPG), ended its last trade with 1.54% gain, and closed at $21.72.
Weber Shandwick is part of the Interpublic Group (IPG).
Weber Shandwick, one of the world’s leading global communications and engagement firms, was awarded the No. 1 spot on The Holmes Report’s 2015 Global Creative Index, the fourth annual list ranking creative excellence in public relations. Weber Shandwick earned the top spot on the inaugural Global Creative Index in 2012 and has remained in the top three every year that the ranking has been published.
The Global Creative Index celebrates the most creative public relations agencies in the world. In developing the list, The Holmes Report takes into account entries and winners from more than 25 public relations award programs from around the world over a 12 month period. According to The Holmes Report, Weber Shandwick was honored following “an impressive breadth of award-winning campaigns across numerous markets.”
In The Holmes Report’s list of the top 10 most creative PR campaigns, Weber Shandwick and its clients earned recognition for three campaigns, the most of any agency, for work on the Danone Nutricia Crisis, Yum! Brands World Hunger Relief and Who Framed Master Kong?
The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Networks and Constituency Administration Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
