Arthur J. Gallagher & Co. (ALG) Set to Join the S&P 500; Education Realty Trust (EDR) to Join S&P MidCap 400; American Axle & Manufacturing Holdings (AXL) to Join S&P SmallCap 600 May 24, 2016 05:17PM

S&P MidCap 400 constituent Arthur J. Gallagher & Co. (NYSE: AJG) will replace Coca-Cola Enterprises, Inc. (NYSE: CCE) in the S&P 500, S&P SmallCap 600 constituent Education Realty Trust Inc.(NYSE: EDR) will replace Arthur J. Gallagher in the S&P MidCap 400, and American Axle & Manufacturing Holdings Inc. (NYSE: AXL) will replace Education Realty Trust in the S&P SmallCap 600 after the close of trading on Friday, May 27. Coca Cola Enterprises is merging with Coca-Cola... (continue reading...)

Bayer Remains Committed to Monsanto (MON) Transaction May 24, 2016 05:14PM

Bayer announced today that it looks forward to engaging in constructive discussions with Monsanto (NYSE: MON) regarding the proposed transaction. Bayer reiterated that its USD 122 per share all-cash proposal provides full and certain value for Monsanto shareholders.

“We are pleased that Monsanto’s Board shares our belief in the substantial benefits an integrated strategy could provide to growers and broader society,” said Werner Baumann, CEO of Bayer AG. “We... (continue reading...)

Navidea Biopharma (NAVB) Denied Request for Temp. Injunctive Relief in CRG Case; Alt. Financing Arrangements Made May 24, 2016 05:09PM

Navidea Biopharma (NYSE: NAVB) disclosed the following on Tuesday night:

Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

As previously reported, on April 7, 2016, Navidea Biopharmaceuticals, Inc. (the “Company”) received a notice from Capital Royalty Partners II L.P., as Secured Party and as Control Agent, Capital Royalty Partners II – Parallel Fund “A” L.P., as... (continue reading...)

Treehouse Foods (THS) to Close Azusa, CA and Ripon, WI Facilities May 24, 2016 05:04PM

TreeHouse Foods, Inc. (NYSE: THS) today announced its intention to close two manufacturing plants in Azusa, California and Ripon, Wisconsin. The decision follows an analysis of the Company's plant network to align operations with the current and future needs of its customers and eliminate excess manufacturing capacity.

The Azusa, California facility has approximately 660 employees and produces bars and snack products, primarily for retail customers. Full facility closure... (continue reading...)

Voltari (VLTC) Completes Acquisition of Flanders, NY, Real Estate Parcel May 24, 2016 05:01PM

Voltari (NASDAQ: VLTC) disclosed the following on Tuesday night:

Item 2.01. Completion of Acquisition or Disposition of Assets.

On May 18, 2016, Voltari Corporation (the “Company”), through its wholly-owned subsidiary, Voltari Real Estate Holding LLC (“Buyer”), completed its previously announced acquisition of a real estate parcel in Flanders, New York from Flanders Holding, LLC, a Texas limited liability company (“Seller”), pursuant to the terms of that... (continue reading...)

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