Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR)’s shares dropped 0.82% to $16.85. The company on Dec. 10 reported a loss of $14.1 million, or 8 cents per share, in its fiscal fourth quarter. The company, based in Aliso Viejo, California, posted revenue of $32.7 million in the period
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Additionally, Shareholder Rights Law Firm Johnson & Weaver, LLP on Dec. 2 said it is investigating whether members of the board of directors of Avanir Pharmaceuticals, Inc. (AVNR) breached their fiduciary duties in connection with the planned merger of the Company with Otsuka Pharmaceutical Co., Ltd. Avanir is engaged in acquiring, developing, and commercializing novel therapeutic products for the treatment of central nervous system disorders. On Dec. 2, 2014, Avanir and Otsuka announced that they had entered into a definitive merger agreement.
New Gold Inc. (USA)(NYSEMKT:NGD)’s shares jumped 3.66% to $4.53. The company on Nov. 10 announces that it has entered into a definitive agreement (the “Agreement”) to acquire 100% of Bayfield Ventures Corp. (“Bayfield”) pursuant to a plan of arrangement (the “Arrangement”). Under the terms of the Arrangement, Bayfield shareholders will receive 0.0477 of a New Gold common share for each Bayfield common share held. The offer values Bayfield at $0.21 per common share or approximately $16.6 million, representing a 50% premium to Bayfield’s November 7, 2014 closing price and a 47% premium based on each company’s 20-day volume weighted average trading price.
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Northstar Realty Finance Corp. (NYSE:NRF)’s shares declined 1.75% to $17.36. The company on Dec. 3 announced that it has completed the acquisition of Griffin-American Healthcare REIT II, Inc. (“Griffin-American”) for approximately $4 billion in a combination of common stock and cash. The completion of this acquisition brings NorthStar Realty’s owned real estate to approximately 80% of total assets, including a $5.8 billion healthcare portfolio diversified by geography, asset class, tenant/operator and operating model, with a weighted average lease term of 8.5 years.
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New Gold Inc. (USA)(NYSEMKT:NGD)’s shares jumped 5.18% to $6.50. The company plans to release its second quarter 2014 financial results prior to the market opening on Thursday, July 31, 2014.
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Additionally, the company on July 7 announces a mid-year update of the New Afton C-zone mineral resource. The C-zone is a continuation of the New Afton block cave that extends along strike and below the B-zone reserve that is currently being mined. The mid-year update builds upon the 2013 year-end C-zone mineral resource estimate and includes the results of an additional 15,143 metres of drilling in 20 core holes. The updated resource estimate will be used to evaluate the optimum extraction level depth for a potential block cave mining plan for the C-zone that could extend New Afton’s mine life. The June 2014 C-zone Measured and Indicated contained gold resource has increased by 24% and the contained copper resource by 29% when compared to year-end 2013.
JetBlue Airways Corporation(NASDAQ:JBLU)’s shares increased 1.62% to $10.66. The company on July 9 announced the launch of automatic check-in, a technological enhancement that will allow customers to focus on their travel plans and not the need to get to a computer 24 hours before their flight departs to check-in. Automatic check-in is the most recent step in the airline’s continued focus on making the JetBlue Experience even more convenient. This initial technological innovation removes the need for customers to ever have to check-in for their flights.
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