Sandell Pleased with JDS Uniphase's (JDSU) Amended Bylaw Jan 28, 2015 01:13PM

Sandell Asset Management Corp., a shareholder of JDS Uniphase Corporation (NASDAQ: JDSU), issued the following statement after reviewing the Company’s 8-K filed on January 27 detailing amendments to its Bylaws governing notice provisions for the nomination of Directors.

“We are pleased that the Company has amended its Bylaws in a manner that provides more clarity for the timely nomination of Directors. The Bylaws as amended no longer appear to impinge upon this most... (continue reading...)


Prima BioMed Ltd (PBMD) Will Receive Milestone Payment on Dosing of GSK2831781 Phase 1 Jan 28, 2015 12:19PM

Prima BioMed Ltd (NASDAQ: PBMD) announces the first dosing of a subject by GSK in a Phase 1, first-in-human clinical trial of a novel depleting anti-LAG-3 antibody (GSK2831781) for the treatment of autoimmune diseases.

Prima's CEO, Marc Voigt, said the beginning of the Phase 1 trial is a significant milestone for the Company, following its recent acquisition of Immutep, which is now a 100% owned subsidiary of Prima.

"The first subject dosing in the Phase 1 trial triggers... (continue reading...)


Rockwell Medical Technologies (RMTI) Terminates Loan Agreement with Hercules Technology III; Payoff at $18.9M Jan 28, 2015 11:40AM

On December 19, 2014, Rockwell Medical, Inc. (NASDAQ: RMTI) voluntarily paid off and terminated its Loan and Security Agreement (“Loan Agreement”), dated as of June 14, 2013, with Hercules Technology III, L.P (“Hercules”). The payoff amount of $18,902,434.33 included principal, accrued and unpaid interest, fees, costs and expenses payable under the Loan Agreement, including an end of term charge of $1.1 million. In connection with such repayment, Hercules... (continue reading...)


Lorillard (LO) Receives Shareholder Approval for Reynolds American (RAI) Deal Jan 28, 2015 10:23AM

Lorillard (NYSE: LO) announced that at a special meeting of shareholders held earlier today, the Company's shareholders voted overwhelmingly to approve the proposal regarding Lorillard's combination with Reynolds American Inc. (NYSE: RAI). The final results indicate that more than 98% of the shares voting at the special meeting voted in favor of the proposal, representing approximately 80% of all outstanding shares.

"I want to thank our shareholders for their continued... (continue reading...)


Sandell Comments on SemGroup (SEMG) Response; Sees as 'Canned' Reply Jan 28, 2015 09:28AM

Sandell Asset Management Corp. (“Sandell”), a shareholder of SemGroup Corporation (“SEMG”, “SemGroup” or the “Company”) (NYSE: SEMG), has issued the following statement in response to the Company’s open letter issued by the Board of Directors of SEMG (the “Board”):

“We have reviewed your response to our letter dated January 26th and, frankly, are disappointed (but perhaps not surprised) that you have chosen to answer our concerns not with a... (continue reading...)


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