After Hours Summary: MDVN +1.3% after confirming entry into confidentiality agreements with Sanofi, others; confirmed revised takeover offer from Sanofi, which it rejected; GBIM -47% after announcing it would move to delist and deregister its common stockAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: N/A
Companies trading higher in after hours in reaction to news: MDVN +1.3% (Confirmed entry into several confidentiality agreements, including with Sanofi (SNY); Additionally said it rejected an improved offer ($58.00/share in cash & up to $3.00/share in CVR) from Sanofi), BV +0.74% (Vector Capital disclosed a 6.23% active stake).
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: N/A
Companies trading lower in after hours in reaction to news: GBIM -47.22% (Announced its intention to delist, deregister its common stock), LTBR (Announced a 1:5 reverse stock split), VTR -1.23% (Announced it would acquire substantially all of the life science and medical real estate assets of Wexford Science & Technology for $1.5 bln; Additionally announced a 9 mln common stock offering to fund a portion of the acquisition), TSLA -0.93% (Following reports of another accident (non-fatal) of a Tesla operating in autopilot mode)