On Friday, Intrexon Corp (NYSE:XON)’s shares inclined 5.01% to $45.46.
Intrexon Corp (XON) declared that it has determined the final distribution ratio regarding its formerly declared distribution of all of its 17,830,305 shares of ZIOPHARM Oncology, Inc. (“ZIOPHARM”) (ZIOP) common stock on or about June 12, 2015, the distribution date, as a pro rata dividend on shares of Intrexon common stock, and on warrants to purchase shares of Intrexon common stock (“Warrants”), outstanding on June 4, 2015, the record date.
Based on the number of Intrexon shares outstanding and shares deliverable under Warrants as of the record date, holders of Intrexon common stock will receive 0.162203 shares of ZIOPHARM common stock in the distribution with respect to each outstanding share of Intrexon common stock they own at the close of business on the record date, and holders of Warrants will receive 0.162203 shares of ZIOPHARM common stock in the distribution with respect to each share of Intrexon common stock deliverable under the Warrants they hold at the close of business on the record date.
Fractional shares of ZIOPHARM common stock will not be distributed to Intrexon shareholders or Warrant holders. Instead, the fractional shares of ZIOPHARM common stock will be aggregated and sold back to ZIOPHARM, with the net proceeds distributed pro rata in the form of cash payments to Intrexon shareholders and Warrant holders who would otherwise receive ZIOPHARM fractional shares.
Intrexon Corporation, a biotechnology company, operates in the synthetic biology field in the United States. The company, through a suite of proprietary and complementary technologies, designs, builds, and regulates gene programs, which are DNA sequences that comprise of key genetic components.
Wyndham Worldwide Corporation (NYSE:WYN)’s shares dropped -0.51% to $84.60.
Wyndham Worldwide Corporation (WYN) declared LEED certifiable, new construction prototypes for its two largest and most well-known brands, Days Inn® and Super 8®. The declarement builds on efforts by the company over the last two years to refine its prototypical offerings, which now span a total of six brands, and provide U.S. owners and developers with complete, turn-key, design-forward solutions.
Declared at the 37th Annual NYU International Hospitality Industry Investment Conference, the two prototypes-which focus on style, performance and efficiency-are complemented by updated offerings for the company’s Baymont Inn & Suites®, Hawthorn Suites by Wyndham®, Microtel Inn & Suites by Wyndham® and Wingate by Wyndham®brands. All six LEED certifiable prototypes come at a time when Wyndham Hotel Group is seeing noteworthyinterest in new construction domestically. As of March 31, 2015, the company had signed agreements for more than 140 new construction hotels throughout the U.S. Of those, more than 30 have broken ground and are presently under development.
Wyndham Worldwide Corporation provides hospitality services and products to individual consumers and business customers worldwide. It operates three in segments: Lodging, Vacation Exchange, and Rentals, and Vacation Ownership. The Lodging segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, in addition to provides property administration services for full-service and select limited-service hotels.
At the end of Friday’s trade, Toronto-Dominion Bank (NYSE:TD)‘s shares surged 0.46% to $43.71.
TD Bank Group will kick off the 2015 TD Summer Reading Club in Edmonton with 35 elementary school students from McKernan Elementary School and children from Ronald McDonald House . Kids will be joined by award-winning Canadian illustrator Josée Bisaillon at the Edmonton Public Library to tap into their inner illustrator by creating a mural out of recycled paper. The TD Summer Reading Club’s Top 20 Recommended Reads for Summer Play will also be unveiled at the event.
TD Summer Reading Club is a free and inclusive bilingual program that strives to engage children in the joy of reading during the summer months by connecting families with books, inspiring a sense of play through reading, building confidence and celebrating accomplishments.
Every year over 2,000 public libraries across Canada offer family-friendly programs to assist 700,000 children continue to read throughout the summer. Last year, more than 1.2 million books were read through the program. In 2014, TD earmarked an additional $5 million to support the TD Summer Reading Program until 2017.
The Toronto-Dominion Bank, together with its auxiliaries, provides financial and banking services in North America and internationally. The company operates through Canadian Retail, U.S. Retail, and Wholesale Banking segments. The Canadian Retail segment offers various financial products and services, in addition to telephone, Internet, and mobile banking services to about 15 million personal and small business customers through a network of 1,165 branches and 2,867 automated banking machines in Canada.
DHT Holdings Inc (NYSE:DHT), ended its Friday’s trading session with 2.45% gain, and closed at $8.15.
DHT Holdings Inc (DHT) declared the results of its 2015 Annual Meeting of Shareholders (the “Annual Meeting”).
The Annual Meeting was held on Friday, May 29, 2015. At the Annual Meeting, the shareholders voted to elect Erik A. Lind as a Class III Director for a term of three years and to ratify the selection of Deloitte AS as DHT’s independent registered public accounting firm for the fiscal year ending December 31, 2015. The motion to amend DHT’s Amended and Restated Articles of Incorporation to enhance the total number of authorized shares received over 73% of votes cast (counting abstentions) but did not receive the required majority of outstanding shares to pass.
DHT Holdings, Inc. operates crude oil tankers in Bermuda. As of March 10, 2015, its fleet compriseed of 18 crude oil tankers, counting 14 very large crude carriers, 2 Suezmax tankers, and 2 Aframax tankers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
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