On Tuesday, Shares of Mallinckrodt public limited company (NYSE:MNK), gained 1.67% to $125.17.
Mallinckrodt public limited company, declared that it has accomplished its acquisition of Ikaria, Inc. at a purchase price of about $2.3 billion. The Ikaria acquisition extends Mallinckrodt’s footprint in the hospital market and expands its reach into neonatal critical care with INOMAX® (inhaled nitric oxide), a vital treatment option for a highly vulnerable patient population. It also accelerates Mallinckrodt’s rapid growth in specialty brands — adding noteworthy portfolio diversity with a high-value, high-margin integrated drug-device-service product offering.
The all-cash transaction is predictable to add at least $150 million in net sales and be accretive to the company’s fiscal year 2015 adjusted diluted earnings per share by at least $0.25 per share. Mallinckrodt will provide updated fiscal year 2015 financial guidance for the combined company on May 5, 2015 to comprise INOMAX.
Mallinckrodt public limited company develops, manufactures, markets, and distributes specialty pharmaceutical products and medical imaging agents worldwide. The company operates through two segments, Specialty Pharmaceuticals and Global Medical Imaging.
Shares of Synovus Financial Corporation (NYSE:SNV), gained 1.66% to $28.15, during its last trading session.
Synovus Financial Corporation, stated financial results for the quarter ended March 31, 2015.
First Quarter Highlights
- Net income accessible to common shareholders for the first quarter 2015 was $51.4 million or $0.38 per diluted share as contrast to $50.6 million, or $0.37 per diluted share for the previous quarter and $45.9 million, or $0.33 per diluted share for the first quarter 2014.
- Total average loans grew $254.1 million or 4.9% annualized from the previous quarter and $1.03 billion or 5.1% as contrast to the first quarter 2014.
- Average core deposits grew $286.6 million or 5.9% annualized from the previous quarter and $529.8 million or 2.7% as contrast to the first quarter 2014.
- Adjusted pre-tax, pre-credit costs income was $101.0 million for the first quarter 2015, an raise of $1.4 million from $99.6 million for the previous quarter and an raise of $4.5 million or 4.7% as contrast to the first quarter 2014.
- The company continued to return capital to shareholders during the quarter, acquiring an additional $59.1 million of common stock. Since October 2014 through April 20, 2015, the company has repurchased $160.0 million of common stock, reducing total share count by 6.0 million or 4.3%.
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, counting commercial and retail banking, financial administration, insurance, and mortgage services.
At the end of Tuesday’s trade, Shares of Realogy Holdings Corp. (NYSE:RLGY), gained 1.65% to $46.20.
Realogy Holdings, will release its financial results for the first quarter ended March 31, 2015 on Monday, May 4, 2015 preceding to the company’s webcast planned for 8:30 a.m. (EDT) on the same day.
The webcast will be hosted by Richard A. Smith, chairman, chief executive officer and president, and Anthony E. Hull, executive vice president, chief financial officer and treasurer.
Realogy Holdings Corp. provides real estate and relocation services worldwide. The company’s Real Estate Franchise Services segment franchise its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial.
Finally, Fiat Chrysler Automobiles N.V. (NYSE:FCAU), ended its last trade with 1.56% gain, and closed at $16.27.
FCA US LLC is using 3-D printing to open a unique window on the world of axle development.
Conventional methods of evaluating oil flow inside axles and pinion carriers involve cutting windows into the components and then observing the fluid’s movement using a dynamometer. But with movement, oil turns milky and blocks the view afforded by two-dimensional windows.
So FCA US engineers decided to add a third dimension to the process by printing see-through plastic components exclusively for test purposes. This new technology allows correlation to virtual analysis of fluid flow.
As a result, the Company has a clearer view of axle durability and efficiency – and the road ahead.
Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.
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