Cooper-Standard Holdings (NASDAQ:CPS), the parent company of automotive systems and components supplier Cooper Standard Automotive, is considering buying TI Automotive, Reuters reported citing unnamed people with knowledge of the matter. Cooper-Standard is evaluating a takeover bid for TI Automotive, which is estimated to have an enterprise value of more than $2 billion, Reuters said. The…
Plug Power (NASDAQ: PLUG): Stock is up between 3.93 and a high of 4.65 in pre-bell trade. Upside momentum has been steady in the 3.93 to 4.31 area, levels where longs may want to watch for a possible near-term floor support to form. Denison Mines Corp. (NYSEMKT: DML.TO, DNN) is up 4% in pre-market trade…
Shares in Apollo Investment Corporation (NASDAQ:AINV) dropped more than 5% pre-market after the company said it has priced a public offering of 12.0 million shares. Underwriters have the option to buy an additional 1.8 million shares. The company didn’t give the price of the offer. XOMA Corp (NASDAQ:XOMA) is moving nearly 5% higher after the…
Shares of Orexigen Therapeutics (NASDAQ:OREX) slipped in Tuesday’s pre-market session, after the developer of drug treatments for obesity and related disorders said it received a Day 120 List of Questions regarding the marketing authorization application for its NB32 weight-loss drug candidate from the European Medicines Agency’s Committee for Medicinal Products for Human Use. The company…
Masimo posted fourth-quarter sales of $142 million (up 8%) and adjusted earnings of $0.31 (up 18%), which amounted to a top-line miss versus the $145 million consensus. Fewer hospital admissions and not fulfilling a Rainbow order and two SET orders were cited as reasons for the shortfall. Adjusted EPS of $0.31 were spot on consensus,…
After the markets closed on Thursday, February 13, VCA Antech (NASDAQ:WOOF) reported fourth-quarter results that were generally in line with expectations. Sales of $435.5 million grew 4.1% from the prior-year period and were a bit shy of the $444.5 million consensus forecast; adjusted earnings per share registered at $0.31—up 10.7% year-over-year and spot on the…
