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Tuesday 23 June 2015
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Noticeable Stocks News Analysis: Cellectis SA (ADR) (NASDAQ:CLLS), Magna International Inc. (USA) (NYSE:MGA), Alaska Air Group, Inc. (NYSE:ALK), Old Republic International Corporation (NYSE:ORI)

On Friday, Shares of Cellectis SA (ADR) (NASDAQ:CLLS), lost - 9.99% to $ 42.90.

The Combined General Shareholders’ Meeting of Cellectis S.A. – Nasdaq Global Market: CLLS) was held on Monday, May 18, 2015 in Paris, at the Group’s headquarters.

At the end of the meeting, during which more than 75% of votes were exercised, all of the ten resolutions presented for the shareholders’ vote were approved.

In particular, Cellectis’ shareholders voted on:

  • the approval of the parent company and merged financial statements for the fiscal year ended December 31, 2014;
  • term of office renewal of directors Mr André Choulika, Mr David Sourdive and Mr Alain Godard;
  • the approval of regulated agreements;
  • the authorization of a share repurchase plan and the authorization given to the Board of Directors to retire the shares attained through it;
  • the nomination of a new Director, Mr Jean-Marie Messier.

 

Cellectis, a biopharmaceutical company, develops cancer products based on engineered T cells armed with a chimeric antigen receptor for the treatment of liquid and solid tumors. Its lead product candidate, UCART19, is an allogeneic engineered T cell product for the treatment of CD19 expressing hematologic malignancies that developed in chronic lymphocytic leukemia and acute lymphoblastic leukemia indications.

Shares of Magna International Inc. (USA) (NYSE:MGA), declined - 0.66% to $ 57.51, during its last trading session.

Magna International, declared the company is supplying its intelligent Dynamax all-wheel drive coupling on a global basis to power the all-wheel-drive system of the all-new Kia Sorento. With Dynamax, the Sorento provides drivers with optimized handling, raised safety and improved fuel efficiency.

“We are excited to expand our successful partnership with Kia Motors by supplying our Dynamax system to the third-generation Sorento, and we are proud to support Kia globally with this innovative product,” said Jake Hirsch, president of Magna Powertrain.

Magna’s Dynamax system is the first continuous and fully active AWD system that exchanges information with the control electronics of the car, allowing it to anticipate events and adjust early-on rather than react to changing conditions like previous AWD systems. By ensuring that Dynamax is one step ahead of the car, ideal torque and traction can significantly improve stability, performance and fuel efficiency.

Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments.

At the end of Friday’s trade, Shares of Alaska Air Group, Inc. (NYSE:ALK), gained 1.41% to $ 64.64.

Alaska Airlines named brand and product marketing expert Derek Chang its new managing director of brand experience. Chang will head Alaska’s branding efforts at its airports, in its Board Rooms and onboard its planes, defining and executing how the brand comes to life for the airline’s growing customer base.

Chang formerly led marketing innovation at Starbucks where he developed its rewards program and digital innovation strategy for its consumer packaged goods business. Preceding to that he spent 11 years at T-Mobile serving as senior director of customer loyalty, developing a customer resource administration blueprint to enhance customers’ brand experience; as director of sponsorships, promotions and entertainment marketing leading major sports and entertainment partnerships; and director of digital marketing, among other roles. Preceding to T-Mobile, Chang served in brand administration for Unilever Canada.

Alaska Air Group, Inc., through its auxiliaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through Alaska Mainline and Alaska Regional segments.

Finally, Old Republic International Corporation (NYSE:ORI), ended its last trade with 0.06% gain, and close at $ 15.46.

Old Republic International Corporation, declared a quarterly cash dividend on the common stock of 18.50 cents per share. This dividend is payable June 15, 2015, to shareholders of record on June 5, 2015. Subject to Board approval of each quarter’s new rate, the full year’s cash dividend will amount to 74 cents per share contrast to 73 cents paid in 2014.

This latest dividend enhance marks the 34th successive year that Old Republic has boosted its cash dividend rate, and 2015 becomes the 74th year of uninterrupted cash dividend payments.

Old Republic International Corporation, through its auxiliaries, engages in the insurance underwriting and related services business primarily in the United States and Canada.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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