General Motors Company (NYSE:GM) stock fell
0.10% to $20.52 after the company said in a filing that its GM Financial unit
is among the bidders for international operations that auto lender Ally
Financial is selling. GM Financial submitted bids in July, but there is no
assurance that it will be successful in buying any of the operations. If it
were successful, it could expand its operations materially in international
markets.
Sprint Nextel Corporation(NYSE:S) shares
climbed 1.83% to $5.01 in the early and made another new high of $5.09 after
the shares of the company was upgraded by equities researchers at Bank of
America from a “neutral” rating to a “buy” rating today. The company last
released its earnings data on July 26. The company reported ($0.46) earnings
per share for the quarter, missing the analysts’ consensus estimate of ($0.41)
by $0.05. Sprint Nextel’s revenue was up 6.4% compared to the same quarter last
year. Analysts expect that Sprint Nextel will post $-1.65 EPS for the current
fiscal year.
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Bioline RX Ltd (NASDAQ:BLRX) shares dropped
10.51% to $2.30. The company will release its unaudited financial results for
the three-months ended June 30, 2012 on Wednesday, August 15, 2012, before the
U.S. markets open.
The Company will host a conference call on
Wednesday, August 15 at 10:00 a.m. EDT featuring remarks by Kinneret Savitsky,
Ph.D., CEO of BioLineRx, and Philip Serlin, Chief Financial and Operating
Officer of BioLineRx. The 52 week trading range for the company is $2.20 -
$6.87, making a new 52 week low today.
FSI International, Inc. (NASDAQ:FSII) shares
soared 52.35% to $6.16 in the early hour after Tokyo Electron Ltd (TEL) and FSI
International, Inc., announced that they have entered into a definitive
agreement under which TEL will acquire FSI for $6.20 per share in cash, or an
aggregate equity purchase price of approximately $252.5 million.
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The acquisition, which will be completed
pursuant to a cash tender offer followed by a second step merger, has been
unanimously approved by the Boards of Directors of TEL and FSI. The Board of
Directors of FSI unanimously recommends that FSI’s shareholders tender their
shares into the tender offer. The transaction is expected to close in calendar
year 2012.
Alexza Pharmaceuticals, Inc. (NASDAQ:ALXA)
shares surged 23.31% to 3.65. JMP Securities restated coverage with an
"Outperform" rating on Alexza and a price target of $12.00 a share.
The firm notes that Alexza ended the quarter with $26.4MM in cash, which can
fund operations into the second quarter of 2013. The firm has modeled a $5MM
milestone from Grupo Ferrer in 4Q12 for approval of Adasuve, an acute treatment
of agitation associated with schizophrenia or bipolar I disorder in adults, in
Europe.
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