Unusual 11 Mid-Day Movers 12/21: ATHX, AMFI, CHTT, TMS, ADES Higher; OGXI, GIGM, PCBC, XRA Lower
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Athersys, Inc. (Nasdaq: ATHX) 207% HIGHER; entered into an agreement with Pfizer Inc. (NYSE: PFE) to develop and commercialize MultiStem for the treatment of Inflammatory Bowel Disease. Click here to see the full report.
AMCORE Financial (Nasdaq: AMFI) 51% HIGHER; the stock jumped nearly 50% on Friday as the company announced that it has entered into an amendment with a lender related to a technical default. Shares are continuing higher today, once again on extremely heavy volume.
Chattem, Inc. (Nasdaq: CHTT) 32.8% HIGHER; Sanofi-aventis (NYSE: SNY) announced an agreement to acquire Chattem for $93.50 per share in cash, or approximately $1.9 billion. Click here to see the full report.
OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI) 26.9% LOWER; Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) and OncoGenex announced today that they have entered into a global license and collaboration agreement to develop and commercialize OGX-011, as well as an agreement to purchase shares in OncoGenex. Under the terms of the collaboration and share purchase agreements, Teva will provide OncoGenex with a $60 million initial cash payment, which includes a $10 million equity investment in OncoGenex common stock at a price of $37.38 per share, upfront payment of $20 million and prepayment of $30 million for OncoGenex's contribution to the development costs of OGX-011.
Thomson's (NYSE: TMS) 24.6% HIGHER; Thomson's Restructuring Plan is approved by the Suppliers' committee and the Lenders' committee. See more details from the press release.
ADA-ES, Inc. (NASDAQ: ADES) 23.1% HIGHER; announced that Clean Coal Solutions, LLC, its joint venture with NexGen Refined Coal, LLC, an affiliate of NexGen Resources Corporation, has successfully installed and commenced operations of two CyClean facilities that produce Refined Coal thus meeting the year-end placed-in-service requirement for the Section 45 tax credits. The two systems were installed at power plants with cyclone boilers burning Powder River Basin coal from Wyoming.
Quest Energy Partners, L.P. (Nasdaq: QELP) 22.5% HIGHER; today announced, along with Quest Resoruce corp. and Quest Midstream Partners, that they have entered into amendments to their respective credit agreements in a manner that allows for the closing of the proposed recombination of the Quest entities. See more from the release.
GigaMedia Ltd. (NASDAQ: GIGM) 15% LOWER; reports Q3 non-GAAP loss of $0.03, versus the analyst estimate of $0.09. Revenue for the quarter was $37.2 million, which compares to the estimate of $42.71 million. GigaMedia also reports Q2 non-GAAP EPS of $0.01 and revenue for the quarter was $37.7 million.
Pacific Capital (Nasdaq: PCBC) 14% LOWER; the stock appears to be correcting today following a 50% rise on Friday amid a technical breakout.
Exeter Resource Corp. (AMEX: XRA) 13.2% LOWER; correcting today following a 21% jump on Friday amid news that it will be added to the S&P's Global Gold and Mining indices.
Kforce Inc. (Nasdaq: KFRC) 13.2% LOWER; Kforce's Kforce Government Solutions subsidiary announced Friday that it received Notice from the Department of Interior that it has been suspended from participating in new or renewed business with U.S. federal government agencies as a result of the proposed debarment of KGS from participating in federal contracts. KGS may continue performing work under existing contracts as of the date of this suspension, unless a particular agency directs otherwise.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
AMCORE Financial (Nasdaq: AMFI) 51% HIGHER; the stock jumped nearly 50% on Friday as the company announced that it has entered into an amendment with a lender related to a technical default. Shares are continuing higher today, once again on extremely heavy volume.
Chattem, Inc. (Nasdaq: CHTT) 32.8% HIGHER; Sanofi-aventis (NYSE: SNY) announced an agreement to acquire Chattem for $93.50 per share in cash, or approximately $1.9 billion. Click here to see the full report.
OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI) 26.9% LOWER; Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) and OncoGenex announced today that they have entered into a global license and collaboration agreement to develop and commercialize OGX-011, as well as an agreement to purchase shares in OncoGenex. Under the terms of the collaboration and share purchase agreements, Teva will provide OncoGenex with a $60 million initial cash payment, which includes a $10 million equity investment in OncoGenex common stock at a price of $37.38 per share, upfront payment of $20 million and prepayment of $30 million for OncoGenex's contribution to the development costs of OGX-011.
Thomson's (NYSE: TMS) 24.6% HIGHER; Thomson's Restructuring Plan is approved by the Suppliers' committee and the Lenders' committee. See more details from the press release.
ADA-ES, Inc. (NASDAQ: ADES) 23.1% HIGHER; announced that Clean Coal Solutions, LLC, its joint venture with NexGen Refined Coal, LLC, an affiliate of NexGen Resources Corporation, has successfully installed and commenced operations of two CyClean facilities that produce Refined Coal thus meeting the year-end placed-in-service requirement for the Section 45 tax credits. The two systems were installed at power plants with cyclone boilers burning Powder River Basin coal from Wyoming.
Quest Energy Partners, L.P. (Nasdaq: QELP) 22.5% HIGHER; today announced, along with Quest Resoruce corp. and Quest Midstream Partners, that they have entered into amendments to their respective credit agreements in a manner that allows for the closing of the proposed recombination of the Quest entities. See more from the release.
GigaMedia Ltd. (NASDAQ: GIGM) 15% LOWER; reports Q3 non-GAAP loss of $0.03, versus the analyst estimate of $0.09. Revenue for the quarter was $37.2 million, which compares to the estimate of $42.71 million. GigaMedia also reports Q2 non-GAAP EPS of $0.01 and revenue for the quarter was $37.7 million.
Pacific Capital (Nasdaq: PCBC) 14% LOWER; the stock appears to be correcting today following a 50% rise on Friday amid a technical breakout.
Exeter Resource Corp. (AMEX: XRA) 13.2% LOWER; correcting today following a 21% jump on Friday amid news that it will be added to the S&P's Global Gold and Mining indices.
Kforce Inc. (Nasdaq: KFRC) 13.2% LOWER; Kforce's Kforce Government Solutions subsidiary announced Friday that it received Notice from the Department of Interior that it has been suspended from participating in new or renewed business with U.S. federal government agencies as a result of the proposed debarment of KGS from participating in federal contracts. KGS may continue performing work under existing contracts as of the date of this suspension, unless a particular agency directs otherwise.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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