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Wednesday 19 August 2015
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Pre-Market Stocks Roundup: Ruckus Wireless (NYSE:RKUS), Retail Properties of America (NYSE:RPAI), ImmunoGen, (NASDAQ:IMGN), Paragon Offshore (NYSE:PGN)

On Tuesday, Ruckus Wireless Inc (NYSE:RKUS)’s shares declined -1.29% to $12.22.

Ruckus Wireless, Inc. (RKUS) declared it has won in the SMB (small and medium/mid-size businesses) Networking Hardware category of The Channel Company’s esteemed 2015 CRN® Annual Report Card. Ruckus has won in this category for a third straight year, achieving the highest scores in two out of three sub-categories, Product Innovation and Support, to take the Overall title for 2015.

The Annual Report Card summarizes results from a comprehensive study that details solution provider satisfaction with hardware, services and software vendors. The vendors with the highest marks are named to the prestigious Annual Report Card list and celebrated as best in class by their partners. The results also provide the IT vendor community with valuable feedback—directly from their solution providers—that can be used to hone product offerings and improve communication with partners.

Ruckus Wireless, Inc. provides carrier-class Wi-Fi solutions to service providers and enterprises worldwide. It provides gateways, controllers, and access points with related software and services. The company offers SmartCell, a line of carrier-grade wireless access and administration products that comprise specialized hardware products, such as SmartCell Gateways and SmartCell Access Points, in addition to software solutions comprising virtualized SmartCell Gateway and SmartCell Insight software platforms.

Retail Properties of America Inc (NYSE:RPAI)’s shares gained 0.20% to $15.31.

Retail Properties of America Inc (RPAI) declared that its Board of Directors declared the third quarter dividend for the Company’s 7.00% Series A Cumulative Redeemable Preferred Stock. The dividend of $0.4375 per preferred share will be paid on September 30, 2015 to preferred stockholders of record on September 18, 2015.

Retail Properties of America, Inc. is a real estate investment trust. It engages in acquisition, development and administration of properties. The trust invests in the real estate markets of United States. Its portfolio comprises of retail properties, counting lifestyle, power, neighborhood, and community centers, in addition to single-user net lease properties.

At the end of Tuesday’s trade, ImmunoGen, Inc. (NASDAQ:IMGN)‘s shares dipped -7.01% to $13.54.

ImmunoGen, Inc. ( IMGN), a biotechnology company that develops novel anticancer therapeutics using its antibody-drug conjugate (ADC) technology, recently declared the Company will take part in the Canaccord Genuity 35th Annual Growth Conference. ImmunoGen President and CEO Daniel Junius will talk about the Company in a “fireside chat” moderated question and answer session that will be webcast startning at 1 pm ET on August 12, 2015.

ImmunoGen, Inc., a biotechnology company, develops targeted anticancer therapeutics. It develops its products using its antibody-drug conjugates technology. The company offers Kadcyla, an antibody-drug conjugate for the treatment of HER2-positive metastatic breast cancer. Its product candidates comprise IMGN853, which is in Phase I clinical trials for the treatment of ovarian cancer, endometrial cancer, and other cancers; IMGN289 that is in Phase I clinical trials for treating squamous cell carcinoma of head and neck cancer, and non-small cell lung cancer; IMGN529, which is in Phase I clinical trials for the treatment of non-Hodgkin lymphoma and chronic lymphocytic leukemia; and IMGN779 that is in preclinical stage for treating acute myeloid leukemia.

Paragon Offshore PLC (NYSE:PGN), ended its Tuesday’s trading session with 0.87% gain, and closed at $0.580.

Paragon Offshore plc (PGN) declared that certain wholly owned auxiliaries of the company, which were part of the company’s acquisition of Prospector Offshore Drilling S.A. (“Prospector”), have closed the combined $300 million sale-leaseback financing facility that was declared on June 4, 2015. Net of fees and expenses, Prospector received net proceeds of about $292 million.

The company also revealed that a wholly-owned partner has signed a contract with Shanghai Waigaoqiao Shipbuilding Co., LTD., to extend the delivery date of the high specification Friede and Goldman JU-2000E jackup Prospector 6 to April 15, 2016. Under the terms of the agreement, no payments are due to the shipyard until the delivery date and upon completion of the delivery protocol.

Paragon Offshore plc, together with its auxiliaries, provides offshore drilling rigs. The company is involved in contracting its rigs, related equipment, and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a day rate basis. Its drilling fleet comprises of 34 jackups and 6 floaters, counting 4 drillships and 2 semisubmersibles.

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