Unusual 11 Mid-Day Movers 8/22: (RLJE) (CIFC) (CYCC) Higher; (DRD) (PRTS) (XTNT) Lower
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CIFC LLC (Nasdaq: CIFC) 57.5% HIGHER; announced that CIFC and an affiliate of F.A.B. have entered into a definitive merger agreement under which F.A.B. will acquire CIFC for approximately $333 million in cash.
Cyclacel Pharma (Nasdaq: CYCC) 35.2% HIGHER; Tang Capital Management LLC filed a 13G disclosing a 9.6%, or 300,000 share, stake in the company.
Lantronix, Inc. (Nasdaq: LTRX) 24.0% HIGHER; announced the launch of a new premier partner program, Lantronix SmartAdvantage. The program provides substantial discounts, incentives and tools to resellers and VARS when they register a qualified deal for the Lantronix SLC 8000 or other Lantronix IT management solutions.
Medivation, Inc. (Nasdaq: MDVN) 19.8% HIGHER; Pfizer Inc. and Medivation announced that they have entered into a definitive merger agreement under which Pfizer will acquire Medivation, a biopharmaceutical company focused on developing and commercializing small molecules for oncology, for $81.50 a share in cash for a total enterprise value of approximately $14 billion.
DRDGOLD (NYSE: DRD) 16.4% LOWER; the company said it is in the process of finalising its results for the year ended 30 June 2016 (“Results”) and shareholders are accordingly advised that the Company expects to report: headline earnings per share to be between 12.2 cents and 13.3 cents per share, which represents an increase of 23% to 34%, respectively, compared to 9.9 cents per share for the previous corresponding period; and earnings per share to be between 14.0 cents and 15.3 cents per share, which represents a decrease of 12% to 20%, respectively, compared to 17.4 cents per share for the previous corresponding period.
U.S. Auto Parts Network (Nasdaq: PRTS) 16.1% LOWER; filed a registration with the U.S. SEC to sell up to 12,023,656 shares of Common Stock on behalf of selling shareholders.
Xtant Medical Holdings, Inc. (NYSE: XTNT) 13.7% LOWER; announced that the NYSE MKT LLC (the "Exchange") notified the Company that it is not in compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the Company Guide due to negative stockholders equity of approximately $496,000 as of June 30, 2016 and net losses in five of the most recent fiscal years.
Syngenta (NYSE: SYT) 10.3% HIGHER; China National Chemical Corporation (ChemChina) and Syngenta announced that the companies have received clearance on their proposed transaction from the Committee on Foreign Investment in the United States (CFIUS).
ChinaNet Online Holdings, Inc. (Nasdaq: CNET) 9.1% LOWER; continuing lower from last Friday after announcing plans for a 1-for-2.5 reverse stock split.
Real Industry, Inc. (Nasdaq: RELY) 8.2% LOWER; announced that Mr. Craig T. Bouchard, formerly Chairman and Chief Executive Officer of the Company, has stepped down from the Company. The Company’s Board of Directors has elected Mr. Kyle Ross, the Company’s Chief Financial Officer, as President, Interim Chief Executive Officer, and Chief Investment Officer and has elected Mr. William Hall as Chairman of the Board.
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