On Tuesday, Following Stocks were among the “Top Gainers” of U.S. Stock Market: ImmunoGen, Inc. (NASDAQ:IMGN), J. C. Penney Company, Inc. (JCP), KapStone Paper and Packaging Corporation (NYSE:KS), CBRE Group, Inc. (NYSE:CBG)
ImmunoGen, Inc. (NASDAQ:IMGN), with shares gained 5.05%, closed at $8.95.
- C. Penney Company, Inc. (NYSE:JCP), with shares jumped 7.41%, settled at $8.41.
KapStone Paper and Packaging Corporation (NYSE:KS), with shares climbed 1.05%, and closed at $32.84.
CBRE Group, Inc. (NYSE:CBG), surged 6.32%, and closed at $38.71, hitting new 52-week high of $38.99.
Latest NEWS regarding these Stocks are depicted underneath:
ImmunoGen, Inc. (NASDAQ:IMGN)
ImmunoGen, Inc. (IMGN), declared a $200 million non-dilutive royalty transaction with funds managed by TPG Special Situations Partners.
ImmunoGen had about $107 million in cash and cash equivalents as of December 31, 2014. The transaction declared recently is predictable to yield net proceeds to ImmunoGen of about $194 million.
ImmunoGen will provide updated guidance for its 2015 fiscal year on April 24, 2015, when the Corporation reports its quarterly financial results.
MTS Health Partners, L.P. served as financial advisor and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. served as legal advisor to ImmunoGen. Cooley LLP served as legal advisor to TSSP.
ImmunoGen, Inc., a biotechnology corporation, develops targeted anticancer therapeutics. It develops its products using its antibody-drug conjugates technology. The corporation offers Kadcyla, an antibody-drug conjugate for the treatment of HER2-positive metastatic breast cancer.
- C. Penney Company, Inc. (JCP)
Formerly on March 18, J. C. Penney Company, Inc. (JCP), declared that Kent B. Foster will retire from its Board of Directors at the end of his term, which concludes on May 15, 2015, at the Corporation`s Annual Meeting of Stockholders. Foster is a former chairman of Ingram Micro Inc., and also served as president and vice chairman of the board at GTE Corporation. Foster joined the JCPenney Board of Directors in August 1998, and initially chaired the audit committee. He presently chairs the human resources and compensation committee, and is a member of the corporate governance committee.
Thomas J. Engibous, chairman of the board, added, “Kent has been an integral member of our board of directors for nearly 17 years, and his contributions to JCPenney are immeasurable. We wish him well in retirement and all future endeavors.”
- C. Penney Corporation, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The corporation sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
KapStone Paper and Packaging Corporation (NYSE:KS)
Formerly on March 11, KapStone Paper and Packaging Corporation (KS), declared that its Board of Directors has approved a regular quarterly dividend of $0.10 per share payable on April 13, 2015 to shareholders of record as of March 30, 2015. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the determination of the Corporation’s Board of Directors.
Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States.
CBRE Group, Inc. (NYSE:CBG)
CBRE Group, Inc. (CBG), declared that it has reached a definitive contract to attain the Global WorkPlace Solutions (GWS) business of Johnson Controls, Inc. (JCI). GWS is a market-leading provider of Integrated Facilities Administration solutions for major occupiers of commercial real estate and has noteworthy operations around the world. The purchase price is $1.475 billion, payable in cash, or $1.3 billion net of the present value of estimated tax benefits, and with customary post-closing adjustments for working capital and other items.
GWS will operate as part of CBRE’s Global Corporate Services (GCS) business, which has raised proceed at a double-digit compound annual growth rate over the last decade, as more major corporations and other institutions outsource their real estate services. When the transaction is accomplished, the full range of combined occupier services – notably counting CBRE’s leasing expertise and GWS’s engineering expertise – will be accessible to the clients of both companies.
“The exceptionally talented GWS team will greatly enhance our service offering for occupiers around the world,” said Bob Sulentic, president and chief executive officer of CBRE. “With GWS, we further our ability to create advantages for occupier clients by aligning every aspect of how they lease, own, use and operate real estate to enhance their competitive position.”
CBRE Group, Inc. operates as a commercial real estate services and investment corporation worldwide. The corporation operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Administration; and Development Services segments. It provides advisory services, such as planned advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and attainment of property; integrated investment sales and debt/structured financing services under the CBRE Capital Markets brand; and valuation services, counting market value appraisals, litigation support, discounted cash flow analyses, feasibility and fairness opinions, and property condition and environmental consulting, in addition to originates and services commercial mortgage loans.
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