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Stockwinners Market Radar for July 02, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| MRVC | Hot Stocks19:13 EDT MRV Communications enters agreement to be bought for $10 per share - ADVA Optical Networking announced that it has entered into a definitive agreement to acquire MRV Communications (MRVC). Under the terms of the agreement, ADVA Optical Networking will make a tender offer of $10.00 per share for all the outstanding common stock of MRV. The offer equates to an aggregate purchase price of $69M and has been approved and unanimously recommended by both the board of directors of ADVA Optical Networking and the board of directors of MRV Communications. The acquisition is subject to customary closing conditions, including the tender of at least a majority of MRV's outstanding shares of common stock. MRV, which supplies communications solutions to telecommunications service providers, closed Friday up 10c to $9.85.
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| GSK | Hot Stocks18:48 EDT Exscientia, GSK form artificial intelligence-driven partnership - Exscientia, which focuses on artificial intelligence-driven drug discovery, announced it has entered into a strategic drug discovery collaboration with GlaxoSmithKline. "During this collaboration, Exscientia will apply its AI enabled platform and combine this with the expertise of GSK, in order to discover novel and selective small molecules for up to 10 disease-related targets, nominated by GSK across multiple therapeutic areas," the company said. Exscientia will receive research payments from GSK to undertake new discovery programs with nominated targets with the goal of delivering pre-clinical candidates. In addition to research funding, Exscientia is eligible to receive near-term lead and pre-clinical candidate milestones if all objectives are achieved. The total amount payable by GSK to Exscientia on achieving these milestones is GBP 33M, if all 10 projects are advanced. No further financial details have been disclosed.
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| CMCSA... | Hot Stocks18:40 EDT Comcast's 'Despicable Me 3' tops weekend box office - comScore (SCOR) announced the official worldwide weekend box office estimates for the weekend of July 2. The company's Senior Media Analyst Paul Dergarabedian commented, "Universal's animated 'Despicable Me 3' from Illumination Entertainment tops the global box office chart taking in $171 million this weekend while enjoying it's North American debut and a total to date of $192.3 million. Notably, Paramount's 'Transformers: The Last Knight' crosses the $400 million mark while Warner Bros.' 'Wonder Woman' has now crossed the $700 million mark worldwide." The top five worldwide weekend box office estimates are as follows: Despicable Me 3, by Comcast's (CMCSA, CMCSK) Universal - $171.0M; Transformers: The Last Knight - by Viacom's (VIA, (VIAB) Paramount Pictures - $85.0M; Wonder Woman - by Time Warner's (TWX) Warner Bros. - $29.2M; Baby Driver - by Sony (SNE) - $27.8M; Pirates Of The Caribbean: Dead Men Tell No Tales - by Disney (DIS) - $18.7M.
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| ICL | Hot Stocks18:33 EDT ICL announces partial collapse of dike in Israel's Negev Region - ICL reported that on June 30 a dike partially collapsed at Pool 3, which is used for the accumulation of phosphogypsum water. It explained, "The Company took immediate action to stop the flow of phosphogypsum water from leaking out of the accumulation pool, in full coordination with the Israeli Ministry of Environmental Protection. The Company notified its insurers regarding the Rotem spill and is investigating the circumstances that led to the incident in order to prevent its future recurrence. The Company is currently unable to fully assess the ramifications of the incident that occurred at the facility, including its environmental and financial implications, nor the Company's exposure to any enforcement proceedings that may arise as a result of the event. On July 1 the Israeli Ministry of Environmental Protection ordered ICL Rotem to discontinue its use of the three active phosphogypsum water accumulation pools (Pools 1-3), and to submit an alternative plan for the accumulation of effluents (phosphogypsum water) generated in its production of phosphate fertilizers. The Company has submitted an application for the temporary use of an alternative Pool 4, and is continuing its efforts, aided by external experts, to find solutions for the continued operation of the Rotem plant and the short- and long-term restoration of the pools in coordination with the authorities. In the meantime, the Company has partially ceased production at the specific facility which accounts for less than half of the phosphoric acid production in the plant. The Company prepares various alternatives for resumption of its operation in full compliance with Israel's regulatory authorities." The Company will update the public regarding developments related to the incident.
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