Mergers & Acquisitions

Westlake Chemical Closes Purchase of CertainTeed’s PVC Pipe, Fittings and Foundations Business

Westlake Chemical Closes Purchase of CertainTeed’s PVC Pipe, Fittings and Foundations Business PR Newswire HOUSTON, May 1, 2013 HOUSTON , May 1, 2013 /PRNewswire/ — Westlake Chemical Corporation (NYSE:WLK) announced today that all closing conditions, including regulatory review, have been met and it has closed the previously announced acquisition of CertainTeed Corporation’s Pipe and Foundation Group (PFG) business effective today. The PFG acquisition includes the PVC pipe, fittings, profiles and foundation business and associated facilities in Lodi, California and McPherson, Kansas with production capacity of approximately 150 million pounds per year. Westlake also has acquired technologies and intellectual properties for the production of a number of specialized products, including Certa-Lok restrained joint pipe and Yelomine™ branded products for a variety of end market applications. […]

Stock Analysts

Coventry Beats Earnings Estimate (CVH) (HNT) (UNH) (WLP)

Coventry Health Care Inc. ( CVH ) reported first-quarter 2013 operating earnings per share of $1.00, which surpassed the Zacks Consensus Estimate of 79 cents as well as the prior-year earnings of 62 cents. Including the impact of Medicare Advantage Risk Adjustment Data Validation (RADV) prior period reserve release of 58 cents in the year-ago quarter, Coventry reported a net income of $135.4 million or $1.00 per share compared with $170.7 million or $1.20 per share in the prior-year quarter […]

Stock Analysts

DuPont Progresses Opteon Roll Out (CE) (DD) (MEOH) (SHECY)

DuPont ( DD ) has announced that it is making strong progress in commercializing Opteon YF (HFO-1234yf) refrigerant. It is making commercial shipments of the refrigerant from its facilities in Japan and China. DuPont’s Opteon YF is a next-generation refrigerant and a group of leading automakers confirmed that the product is safe and effective for use in automotive applications […]

FDA Approval

Multimedia Now Available: Raptor Pharmaceutical’s PROCYSBI™ Receives FDA Approval for the Treatment of Nephropathic Cystinosis

Multimedia Now Available: Raptor Pharmaceutical’s PROCYSBI™ Receives FDA Approval for the Treatment of Nephropathic Cystinosis U.S. commercial launch anticipated by end of Q2 2013 FDA approval triggers $25 million payment to Raptor under loan agreement with HealthCare Royalty Partners Raptor conducts conference call and webcast on April 30, 2013, 4:30 p.m. EDT PR Newswire NOVATO, Calif., May 1, 2013 NOVATO, Calif […]

Mergers & Acquisitions

STAG Industrial, Inc. Announces Acquisition and Leasing Activity for April 2013

STAG Industrial, Inc. Announces Acquisition and Leasing Activity for April 2013 PR Newswire BOSTON, May 1, 2013 BOSTON , May 1, 2013 /PRNewswire/ — STAG Industrial, Inc. (the “Company”) (NYSE: STAG), a company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States , today announced its leasing and acquisitions activity for April 2013 . […]

Stock Analysts

SM Beats Earnings on Record Output (CHK) (EPL) (HNR) (SM)

Independent oil and gas company SM Energy Company ’s ( SM ) first-quarter 2013 adjusted earnings of 82 cents per share comfortably beat the Zacks Consensus Estimate of 51 cents and also increased 70.8% from the year-ago earnings of 48 cents on record production. Total revenue was $484.2 million in the quarter, showing an improvement of 28.3% from $377.4 million in the prior-year quarter. The revenue also surpassed the Zacks Consensus Estimate of $452.0 million […]

Stock Analysts

Novo Nordisk and EMIS Modify Deal (CPRX) (EMIS) (NVO) (UCBJF)

Novo Nordisk A/S ( NVO ) and Emisphere Technologies, Inc. ( EMIS ) recently announced that they have modified their agreement for the development and commercialization of oral formulations of Novo Nordisk's proprietary GLP-1 receptor agonist candidates for the treatment of type II diabetes, using Emisphere's proprietary Eligentechnology. Emisphere and Novo Nordisk’s original agreement dates back to Jun 2008 […]

FDA Approval

Vyvanse (lisdexamfetamine dimesylate) Capsules, (CII) Now Approved in the US for Maintenance Treatment in Children and Adolescents with ADHD

Vyvanse (lisdexamfetamine dimesylate) Capsules, (CII) Now Approved in the US for Maintenance Treatment in Children and Adolescents with ADHD Becomes the first stimulant medication approved for maintenance treatment in patients ages 6 and above with ADHD PR Newswire PHILADELPHIA, May 1, 2013 PHILADELPHIA , May 1, 2013 /PRNewswire/ — Shire plc (LSE: SHP, NASDAQ: SHPGY), the global specialty biopharmaceutical company, today announced that the US Food and Drug Administration (FDA) approved the prescription medication Vyvanse (lisdexamfetamine dimesylate) Capsules, (CII) as a maintenance treatment in children and adolescents with Attention-Deficit/Hyperactivity Disorder (ADHD). Vyvanse is currently approved as a maintenance treatment in adults with ADHD. […]

Mergers & Acquisitions

Webxu Acquires Auto Finance Brand BarNone

Webxu Acquires Auto Finance Brand BarNone PR Newswire LOS ANGELES, May 1, 2013 LOS ANGELES , May 1, 2013 /PRNewswire/ — Webxu, Inc, a media company that owns and operates a network of consumer branded websites and businesses focused on Customer Acquisition, E-Commerce and Mobile Media, today announced the acquisition of Auto Finance brand BarNone. Headquartered in Oakland, CA , BarNone was founded in 1995 for the purpose of helping millions of US consumers with credit challenges obtain auto loans to purchase quality vehicles in a conventional manner. BarNone connects consumers, dealers and lenders into one cohesive unit via proprietary web properties, proprietary lead delivery technologies and a 24-hour call center located in the Midwest. […]

Mergers & Acquisitions

Contech Acquires Imbrium

Contech Acquires Imbrium PR Newswire WEST CHESTER, Ohio, May 1, 2013 WEST CHESTER, Ohio , May 1, 2013 /PRNewswire/ — West Chester -based Contech Engineered Solutions announced today the purchase of the Imbrium Systems Group from Monteco Ltd., a clean technology company. The acquisition includes Imbrium’s Jellyfish stormwater filtration product line. […]

Mergers & Acquisitions

Georg Jensen Acquires Danish Silver

Georg Jensen Acquires Danish Silver PR Newswire COPENHAGEN, Denmark, May 1, 2013 COPENHAGEN, Denmark , May 1, 2013 /PRNewswire/ — Georg Jensen has acquired Danish Silver , a globally recognized and authorized dealer of Georg Jensen antique hollowware, jewellery and watches. It was announced today by David Chu , CEO of Danish design brand Georg Jensen, and Gregory Pepin , CEO of Danish Silver. Founded by Gregory and Anna Kristina Pepin in 1999, Danish Silver holds the world’s largest collection of antique Georg Jensen silver available for purchase […]