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Wednesday 23 September 2015
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Stocks in Focus - Century Aluminum Co (NASDAQ:CENX), Rovi Corporation (NASDAQ:ROVI), Mallinckrodt PLC (NYSE:MNK)

On Friday, Shares of Century Aluminum Co (NASDAQ:CENX), gained 1.24% to $5.70.

Century Aluminum of Kentucky, a wholly-owned partner of Century Aluminum Company, declared the orderly curtailment of one potline at its Hawesville, Kentucky aluminum smelter, effective right away. Following the curtailment, Hawesville’s primary aluminum production will be about 60% of capacity. The plant was operating at about 80% capacity preceding to the curtailment. Century Aluminum of Kentucky formerly issued a notice of its intent to curtail its plant operations in their entirety startning on October 24, 2015, unless the current pricing environment substantially changes, and such notice remains in effect.

Century Aluminum Company, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The company was founded in 1995 and is headquartered in Chicago, Illinois.

Shares of Rovi Corporation (NASDAQ:ROVI), inclined 2.13% to $11.96, during its last trading session.

Rovi Corporation, declared that Rovi Video continues to be a global metadata industry leader with its continued market expansion and the introduction of new innovative features designed to enhance the entertainment discovery experience. Rovi powers consistently high-quality user experiences in North America, Europe, Latin America, and Asia with Rovi Video, covering millions of movies and TV shows spanning over 70 countries, more than any other provider.

Rovi continues to expand its metadata prominence across the globe. Rovi Video now comprises local TV, movie, and celebrity metadata in the Philippines. Australia and India regional packages have been improved to comprise new local TV listings. Market leaders worldwide choose Rovi Video over other options because of its depth and breadth, in addition to its singular database based on a common ID structure. By offering a single database with local information for multiple countries, Rovi makes it easier for its customers to deliver consistent and high-quality experiences, especially in the world’s most rapidly growing markets. Rovi is the only multi-national metadata provider to cover emerging markets like China, Russia, and Singapore.

Rovi Corporation provides integrated solutions for the discovery and personalization of digital entertainment to service providers and consumer electronics (CE) industry worldwide. The company offers interactive program guides (IPGs), an interactive listing of television or video program information that enables viewers to navigate through, sort, select, and plan video programming for viewing and recording. It markets IPGs to service providers under i-Guide and Passport brands; and CE industry under the G-GUIDE and HTML Guide brands.

 

Finally, Mallinckrodt PLC (NYSE:MNK), ended its last trade with -1.11% loss, and closed at $82.08.

Mallinckrodt plc, declared that two of its wholly owned auxiliaries, Mallinckrodt International Finance S.A. and Mallinckrodt CB LLC, intend to offer, subject to market and other conditions, about $750 million of U.S. dollar-denominated senior unsecured notes due 2023. The Notes will be guaranteed on a senior unsecured basis by Mallinckrodt and certain of its auxiliaries.

Mallinckrodt intends to use the proceeds from the Offering to finance its formerly declared acquisition of all of the capital stock of TGG Medical Solutions, Inc., which it anticipates to complete by the end of September 2015 subject to the satisfaction of closing conditions, and to pay certain fees, commissions and expenses related to the Offering and Acquisition. Therakos, Inc. is a wholly owned partner of the Target. There can be no assurance that the company will successfully complete the Offering on the terms described herein or at all.

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.

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