On Tuesday, Mirati Therapeutics, Inc. (NASDAQ:MRTX)’s shares inclined 3.05% to $47.70.
Mirati Therapeutics, Inc. (MRTX) announced the pricing of an underwritten public offering of 2,250,000 shares of its common stock at a price to the public of $45.00 per share. The gross proceeds from this offering are expected to be approximately $101.3 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Mirati. The offering is expected to close on or about September 21, 2015, subject to customary closing conditions. Mirati has granted the underwriters a 30-day option to purchase up to an additional 337,500 shares of common stock in connection with the public offering. All of the shares are being offered by Mirati.
Mirati Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops a pipeline of products targeting oncology. Its clinical stage product candidates include MGCD265, a multi-targeted kinase inhibitor that is in Phase 1b clinical development trials for the treatment of solid tumors indications, including lung, head and neck, and gastric cancers; MGCD516, a kinase inhibitor, which is in Phase 1 clinical development for the treatment of patients with non-small cell lung cancer and solid tumors; and Mocetinostat, an orally-bioavailable histone deacetylase inhibitor that is in Phase 2 clinical trial development for patients with bladder cancer, myelodysplastic syndrome, and non-hodgkins lymphoma, principally diffuse large B-cell lymphoma and follicular lymphoma. The company has a collaboration agreement with MedImmune Limited for a trial of a combination of inhibitors for the treatment of non-small cell lung cancer.
Lincoln National Corporation (NYSE:LNC)’s shares gained 1.90% to $50.49.
Lincoln Financial Group (LNC) declared that Randal J. Freitag, executive vice president and chief financial officer of Lincoln Financial Group, presented at the KBW Insurance Conference on Wednesday, September 9, 2015, at about 9:30 a.m. Eastern Time.
Mr. Freitag took part in a question and answer session covering a variety of industry and company-specific topics.
Lincoln National Corporation, through its auxiliaries, engages in multiple insurance and retirement businesses in the United States. It operates through Annuities, Retirement Plan Services, Life Insurance, and Group Protection segments.
At the end of Tuesday’s trade, Pier 1 Imports Inc (NYSE:PIR)‘s shares dipped -0.20% to $10.15.
Pier 1 Imports, Inc. (PIR) declared that Jeffrey N. Boyer, 57, has been named Executive Vice President and Chief Financial Officer, effective July 27, 2015. Mr. Boyer will have responsibility for Pier 1 Imports’ financial operations and accounting, counting financial reporting, planning and analysis, accounting, treasury, tax and investor relations. Laura A. Coffey will continue to serve in her role as Executive Vice President and Interim Chief Financial Officer until Mr. Boyer’s appointment becomes effective, at which time she will be named to a separate executive position within the Company.
Pier 1 Imports, Inc. engages in the retail sale of decorative home furnishings, furniture, gifts, and related items. The company offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrance, gift, and seasonal items.
Fidelity National Financial Inc (NYSE:FNF), ended its Tuesday’s trading session with 0.63% gain, and closed at $36.54.
Fidelity National Financial, Inc. declared the completion of a recapitalization of ServiceLink Holdings, LLC through a conversion of $505 million of the $566 million intercompany note principal and interest into additional equity ownership in ServiceLink. As a result of this recapitalization, FNF has raised its ownership stake in ServiceLink to 79% from 65%. ServiceLink now has $61 million in principal and interest in intercompany debt and $580 million in principal in mirror notes for a total of $641 million in combined intercompany and mirror note principal and interest outstanding with Fidelity National Financial, Inc.
Fidelity National Financial, Inc., together with its auxiliaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. It operates through Title, BKFS, and Restaurant Group segments. The Title segment offers title insurance, escrow, and other title related services, counting collection and trust activities, trustee’s sales guarantees, recordings and reconveyances, and home warranty insurance.
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