Amgen(NASDAQ: AMGN) and deCODE Genetics announced that the companies have entered into a definitive agreement under which Amgen will acquire deCODE Genetics, a global leader in human genetics, headquartered in Reykjavik, Iceland. The all-cash transaction values deCODE Genetics at $415 million, subject to customary closing adjustments, and were unanimously approved by the Amgen Board of Directors.
Ultra Petroleum Corp.(NYSE: UPL) shares gained 0.86% to $19.92 in the pre-market hour after UPL’s stock was upgraded by Sterne Agee from an “underperform” rating to a “neutral” rating in a research note issued today. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ultra Petroleum Corp. in a research note to investors on November 19. They now have a $23.00 price target on the stock.
Teavana Holdings(NYSE:TEA) stock fell 0.06% to $15.43 in the pre-market hour after the Shareholders Foundation announces that an investor in shares of Teavana Holdings filed a lawsuit against directors in effort to stop the proposed buyout of Teavana by Starbucks Coffee Company for $15.50 per share. However, the plaintiff alleges that the defendants breached their fiduciary duties owed TEA stockholders arising out of the attempt to sell the company too cheaply via an unfair process to Starbucks Coffee Company.
Statoil ASA(ADR)(NYSE: STO) has selected The Greenbrier Companies to deliver comprehensive railcar management and maintenance solutions for Statoil's fleet of more than 1,000 tank cars. The cars will ship crude oil by rail out of the Bakken formation, underlying parts of Montana, North Dakota, and Saskatchewan. Greenbrier's proprietary Enspire fleet management software platform and industry-leading maintenance and repair capability will maximize Statoil's productivity and increase velocity across its fleet.
Coherent(NASDAQ: COHR) announced that the company's Board of Directors has approved a $1.00 per share special cash dividend on its outstanding common stock payable on December 27, 2012 to stockholders of record on December 19, 2012. Coherent is a world leader in providing photonics based solutions to the commercial and scientific research markets and part of the Standard & Poor's SmallCap 600 Index and the Russell 2000 Index.
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