On Monday, Following Stocks were among the “Top 100 Gainers” of U.S. Stock Market: GNC Holdings Inc. (NYSE:GNC), Cliffs Natural Resources Inc. (NYSE:CLF), CorMedix, Inc. (NYSEMKT:CRMD), DreamWorks Animation SKG Inc. (NASDAQ:DWA)
GNC Holdings Inc. (NYSE:GNC), with shares gained 6.99%, closed at $49.26, hitting new 52-week high of $49.66.
Cliffs Natural Resources Inc. (NYSE:CLF), with shares jumped 6.98%, settled at $5.06.
CorMedix, Inc. (NYSEMKT:CRMD), with shares climbed 6.88%, and closed at $8.70.
DreamWorks Animation SKG Inc. (NASDAQ:DWA), surged 6.57%, and closed at $24.17.
Latest NEWS regarding these Stocks are depicted underneath:
GNC Holdings Inc. (NYSE:GNC)
GNC Holdings Inc. (GNC), declared that it has reached an contract with the New York Attorney General regarding the Corporation’s Herbal Plus® products. The contract affirms that the relevant GNC products were in full compliance with the federal Food and Drug Administration “Current Good Manufacturing Practices” and acknowledges GNC’s full cooperation with the Attorney General’s inquiries.
In its response to the NYAG’s inquiry, and as highlighted in the contract, GNC offered the results of rigorous tests conducted both internally and by independent third parties. These tests offered conclusive evidence that GNC’s products are safe, pure, properly labeled and in full compliance with all regulatory requirements. The testing also demonstrated that the Corporation’s products contain all herbal extracts listed on their respective labels. In addition, a former senior FDA GMP expert performed a comprehensive review of GNC’s manufacturing processes for the products at issue and found them to be in compliance with all applicable requirements. Accordingly, GNC has restored its full assortment of Herbal Plus® products to all GNC stores in New York State.
GNC has preserved the specific product lots of the five products that were the subject of this inquiry for use in defending the Corporation against the lawsuits that have been filed subsequent to the NYAG’s February 2 letter, despite the fact that there is no prohibition against the sale of such products. The Corporation believes these lawsuits are completely without merit and will defend itself aggressively. Identical products to those that have been preserved remain accessible for sale to consumers at GNC stores in New York State.
GNC Holdings, Inc. operates as a specialty retailer of health and wellness products. The corporation operates through three segments: Retail, Franchise, and Manufacturing/Wholesale.
Cliffs Natural Resources Inc. (NYSE:CLF)
Cliffs Natural Resources Inc. (CLF), declared that, on March 30, 2015, it reached a new senior secured asset-based revolving credit facility and successfully accomplished its formerly declared private offering of $540 million aggregate principal amount of 8.250% Senior Secured Notes due March 31, 2020. From the Offering of the New First Lien Notes, the Corporation received net proceeds, after the initial purchasers’ discounts and the payment of fees and expenses, of about $491.4 million. The Corporation used a portion of the net proceeds from the Offering to repay all amounts outstanding under its former revolving credit facility and intends to use the remainder for general corporate purposes. Additionally, the New ABL Facility is predictable to provide up to $550 million in borrowing availability on a revolving basis, subject to a borrowing base limitation and the issuance of letters of credit.
The Corporation also declared recently that it has successfully accomplished its formerly declared private offers to exchange its newly issued 7.75% Senior Secured Notes due 2020 for certain outstanding senior unsecured notes of Cliffs. The Corporation has accepted for exchange about $675 million aggregate principal amount of Existing Notes that were tendered in the Exchange Offers in exchange for about $544 million aggregate principal amount of New Second Lien Notes. The entry into the New ABL Facility, the Offering and the Exchange Offers are referred to collectively as the “Refinancing Transactions.” The Corporation stated that with the new financing structure, Cliffs is no longer subject to the covenants associated with its former revolving credit facility, such as Interest Coverage and Secured Debt-to-EBITDA tests. Also as a consequence of the completion of the Exchange Offers, Cliffs was able to remove about $130 million of long-term debt from the balance sheet.
Cliffs Natural Resources Inc., a mining and natural resources corporation, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
CorMedix, Inc. (NYSEMKT:CRMD)
Formerly on March 20, CorMedix, Inc. (CRMD), declared that the registration statements for the shares of its ordinary stock underlying its publicly traded warrants with CUSIP number (No.21900C118) have both been declared effective by the Securities and Exchange Commission. Holders of publicly traded warrants who wish to exercise their warrants will receive freely tradable shares of ordinary stock upon presentation of a properly accomplished exercise notice and full payment for exercise. As formerly stated, the expiration date for these publicly traded warrants is April 30, 2015.
As formerly revealed, the Corporation issued two tranches of warrants in 2010 with the same CUSIP number (No.21900C118). The first tranche of warrants were purchased for cash in connection with the Corporation’s initial public offering of ordinary stock in 2010, and may be exercised at the specified exercise price in exchange for registered, freely tradable shares of ordinary stock issued following a presently effective registration statement. The Corporation filed a post-effective amendment to the registration statement after filing the Corporation’s Annual Report on Form 10-K last week.
The second tranche of warrants was also issued in 2010 to a select group of investors in exchange for debt issued preceding to the Corporation’s initial public offering. The holders of these warrants may now exercise and receive in exchange shares of registered ordinary stock. The Corporation filed a registration statement for the resale of the shares issuable upon exercise of the second tranche of warrants after filing last week of the Corporation’s Annual Report on Form 10-K.
CorMedix Inc., a pharmaceutical corporation, intends to in-license, develop, and commercialize therapeutic products for the prevention and treatment of cardiac, renal, and infectious diseases.
DreamWorks Animation SKG Inc. (NASDAQ:DWA)
Verizon, a longtime leader in video, said recently it has an contract to add more than 200 hours of original content per year produced by AwesomenessTV to be accessible for customers later this year through over the top video. The AwesomenessTV channel will target teens and young millennials, with new scripted and unscripted series. The family-oriented DreamWorks Animation SKG Inc. (DWA), will feature both live action and animated short-form content in addition to some of DreamWorks Animation’s most recognizable characters.
The offering will only be accessible in the U.S. This is a multiyear deal.
DreamWorks Animation SKG, Inc. engages in the development, production, and exploitation of animated films and their associated characters worldwide. The corporation operates in four segments: Feature Films, Television Series and Specials, Consumer Products, and New Media.
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