On Friday, Cablevision Systems Corporation (NYSE:CVC)’s shares inclined 0.38% to $26.21.
Cablevision Systems Corporation (CVC) will host a conference call to discuss results for the second quarter ended June 30, 2015 on Friday, August 7, 2015 at 10:00 a.m. Eastern Time. Cablevision will issue a press release reporting its results prior to the market opening.
Cablevision Systems Corporation, together with its subsidiaries, owns and operates cable systems in the United States. The company operates through three segments: Cable, Lightpath, and Other. The Cable segment provides video services, including programming, local broadcast network affiliates and independent television stations, other news, information, sports and entertainment channels, regional sports networks, video on demand, and entertainment and advertising services under the Optimum brand name; high-speed data services to residential and small business customers through a cable modem device under the Optimum Online name; and Voice over Internet Protocol services under the Optimum Voice name.
GameStop Corp. (NYSE:GME)’s shares dropped -3.09% to $45.49.
GameStop Corp. (GME) declared they have reached a definitive agreement under which GameStop will acquire all of the outstanding shares of Geeknet’s common stock for $20.00 per share in cash. The transaction has been approved by the board of directors of both companies and will be accomplished by means of a tender offer. The transaction has a total equity value of about $140 million, counting $37 million of cash and cash equivalents as of March 31, 2015.
Geeknet also declared that it had terminated its formerly declared merger agreement with Hot Topic, Inc. (“Hot Topic”). Following talk aboution with both GameStop and Hot Topic, the Board of Directors of Geeknet determined that the GameStop transaction represented a superior proposal. Geeknet will pay Hot Topic a termination fee following the Hot Topic agreement, for which GameStop has agreed to reimburse Geeknet.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
At the end of Friday’s trade, Anthera Pharmaceuticals Inc (NASDAQ:ANTH)‘s shares dipped -0.92% to $10.81.
Anthera Pharmaceuticals Inc (ANTH) declared that it has met the enrollment target of its CHABLIS-SC1 Phase 3 clinical trial evaluating blisibimod for the treatment of lupus. Final data from the trial is predictable in the second half of 2016.
Results from CHABLIS-SC1, and eventually CHABLIS-SC2, are anticipated to support marketing approval for blisibimod as a treatment for active SLE that is not controlled by current best practice standard-of-care, counting corticosteroids.
Anthera Pharmaceuticals, Inc., a biopharmaceutical company, focuses on developing and commercializing medicines for patients with unmet medical needs. It is developing blisibimod, a Phase III product candidate that targets B-cell activating factor associated with various B-cell mediated autoimmune diseases, counting systemic lupus erythematosus, Immunoglobulin A nephropathy, lupus nephritis, and others. The company is also developing a Phase III product candidate Liprotamase, a non-porcine investigational pancreatic enzyme replacement therapy intended for the treatment of patients with exocrine pancreatic insufficiency. Anthera Pharmaceuticals, Inc. was founded in 2004 and is headquartered in Hayward, California.
Allison Transmission Holdings Inc (NYSE:ALSN), ended its Friday’s trading session with -1.65% loss, and closed at $28.53.
Allison Transmission Holdings Inc. (ALSN) declared that it has been working with the U.S. Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) as they consider revisions to the ‘Phase I’ Model Year 2014-2018 rule regarding fuel efficiency and greenhouse gas emission (GHG) standards for medium and heavy-duty vehicles. The revisions would potentially extend the Phase I program into the middle of the next decade.
Allison is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and is a leader in hybrid-propulsion systems for city buses. Celebrating its centennial in 2015, the company continues to focus on fully understanding and addressing the needs of its customers. Accordingly, Allison has embraced the opportunity to collaborate with EPA and NHTSA to align any regulatory effort with the technological and commercial realities of the tractor and vocational vehicle markets.
Allison Transmission Holdings, Inc., together with its auxiliaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles. It offers transmissions for various applications, counting distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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