Gapping down
In reaction to disappointing earnings/guidance: N/A.
M&A news:
In reaction to disappointing earnings/guidance: N/A.
M&A news:
- SNOW -7.1% (to be acquired by a newly-formed entity controlled by affiliates of the Aspen Skiing Company and KSL Capital Partners for $23.75/share in cash)
Other news:
- TXMD -27.4% (provides TX-004HR regulatory update, received letter from the FDA that it identified deficiencies that preclude discussion of labeling and postmarketing requirements/commitments at this time)
- IPCI -23.2% (announces Purdue Pharma, Rhodes Technologies, and Grünenthal GmbH have commenced patent infringement proceedings against the co in respect of its NDA filing for its Rexista product candidate)
- OPTT -20% (files for approx 4 mln share common stock offering )
- CBR -19.4% (files Chapter 11 Protection; secures $45 mln in DIP Financing to fund ongoing operation; agrees to asset purchase agreement with Capgemini)
- HTGM -7.7% (modestly pulling back following last week's strength)
- DRYS -7.1% (discloses common stock purchase agreement update)
- AEHR -5.4% (intends to offer and sell approx. $15.0 mln of shares of its common stock in an underwritten registered public offering)