Month: June 2015

Mergers & Acquisitions

Moody National REIT I, Inc. to acquire Homewood Suites Austin

June 3, 2015 0

Moody National REIT I, Inc. to acquire Homewood Suites Austin PR Newswire HOUSTON, June 3, 2015 HOUSTON , June 3, 2015 /PRNewswire/ — Moody National REIT I, Inc. (the “REIT”), announced today it is under contract to purchase the Homewood Suites Austin for an aggregate purchase price of $14,250,000 , excluding acquisition costs. […]

Mergers & Acquisitions

Ardelyx Regains Worldwide Development and Commercialization Rights for Its Late-Stage Development Candidate, Tenapanor, and Related Portfolio of NHE3 Compounds

June 3, 2015 0

Ardelyx Regains Worldwide Development and Commercialization Rights for Its Late-Stage Development Candidate, Tenapanor, and Related Portfolio of NHE3 Compounds Ardelyx to Initiate a Phase 3 Clinical Program in IBS-C Patients in the Fourth Quarter of 2015 Conference Call and Webcast Today at 8:30 am ET PR Newswire FREMONT, Calif., June 3, 2015 FREMONT, Calif. , June 3, 2015 /PRNewswire/ — Ardelyx, Inc. (NASDAQ: ARDX), a clinical-stage biopharmaceutical company focused on cardio-renal, gastrointestinal and metabolic diseases, today announced that it has entered into a termination agreement with AstraZeneca (LSE: AZN, SSE: AZN, NYSE: AZN), such that all the rights to Ardelyx’s portfolio of NHE3 inhibitors, including Ardelyx’s lead product candidate, tenapanor, are returned to Ardelyx […]

Mergers & Acquisitions

Patriot Coal Files Motion Outlining Proposed Sale of Substantially All Operating Assets to Blackhawk Mining, LLC, Under Chapter 11 Plan

June 3, 2015 0

Patriot Coal Files Motion Outlining Proposed Sale of Substantially All Operating Assets to Blackhawk Mining, LLC, Under Chapter 11 Plan PR Newswire SCOTT DEPOT, W.Va., June 3, 2015 SCOTT DEPOT, W.Va. , June 3, 2015 /PRNewswire/ — Patriot Coal Corporation (“Patriot” or “the Company”) (OTC Pink: PATCA), a producer and marketer of coal in the eastern United States , today announced that it has filed with the Bankruptcy Court a letter of intent for a proposed sale of a substantial majority of its operating assets to Blackhawk Mining, LLC (“Blackhawk”), as well as a motion outlining bidding procedures. The contemplated transaction would be consummated pursuant to a chapter 11 plan and is subject to documentation of a definitive asset purchase agreement, bankruptcy court approval of the sale, confirmation of a chapter 11 plan, and other customary conditions. […]

Mergers & Acquisitions

Kahala Brands Announces Purchase Of Planet Smoothie & Tasti D-Lite

June 2, 2015 0

Kahala Brands Announces Purchase Of Planet Smoothie & Tasti D-Lite Company Grows Smoothie Footprint to More Than 400 Locations Worldwide PR Newswire SCOTTSDALE, Ariz., June 2, 2015 SCOTTSDALE, Ariz. , June 2, 2015 /PRNewswire/ — Scottsdale-based Kahala Brands™ ( www.kahalabrands.com ), a global leader in the QSR industry, today announced that it now controls 100 percent of the Planet Smoothie and Tasti D‑Lite ™ franchise brands headquartered in Brentwood, Tenn. This purchase expands Kahala Brands’ smoothie concept portfolio to three nationally recognized brands, strengthening its leadership position in the healthy treats segment […]

Stock Analysts

Alaska Air Group (ALK) to Add New Routes, Eyes Expansion

June 2, 2015 0

Alaska Airlines, a division of Alaska Air Group ALK , announced plans to introduce two new routes from Nov 5, 2015. CEO Brad Tilden announced that the carrier will introduce new flights (on a daily basis) to connect the cities of Portland and Eugene with Austin, TX and San Jose, CA respectively. The move is in line with the company’s objective to expand operations as well as improve customer satisfaction. […]

Stock Analysts

PPG Industries Introduces Duraform Polyester Coatings

June 2, 2015 0

PPG Industries Inc. PPG announced that its coil and building products group has launched Duraform coatings, a line of next-generation polyester coil coatings designed to optimize performance for specific market applications. The Duraform line, which includes seven industry specific formulations, replaces the Truform family of polyester coatings […]

Stock Analysts

SINA CEO to Buy Shares Worth $456M, Stock Surges

June 2, 2015 0

Shares of SINA Corporation SINA jumped over 23% after the company announced that it has signed an agreement to sell as many as 11 million newly issued shares to Charles Chao, the company’s CEO and Chairman. The shares will be priced at $41.49 each, which is the average closing trading price of the company’s shares for 30 trading days trailing the agreement on May 29. The total value of the deal comes to approximately $456 million […]

Stock Analysts

DuPont, Kateeva Partner to Advance OLED Inkjet Printing

June 2, 2015 0

DuPont DD and inkjet equipment maker Kateeva have collaborated to develop optimized inks, equipment, and processes to further advance inkjet printing technology for Organic Light Emitting Diode (OLED) display devices. The companies will utilize each other’s expertise, including DuPont’s technical leadership in solution materials for printed OLED devices and Kateeva's exclusive YIELDjet inkjet printing platform, to benefit OLED manufacturers. […]

Stock Analysts

Roche Collaborates with Amgen for Immuno-Oncology

June 2, 2015 0

Roche Holding AG RHHBY has entered into collaboration with Amgen AMGN . The companies will jointly evaluate the safety and efficacy of Amgen's investigational oncolytic immunotherapy candidate talimogene laherparepvec in a phase I study in combination with Roche's investigational anti-PDL1 therapy, atezolizumab (also known as MPDL3280A), in patients with triple-negative breast cancer and colorectal cancer with liver metastases. The companies expect the combination to activate an anti-tumor immune response with talimogene laherparepvec and to block inhibitory T-cell checkpoints with atezolizumab. […]