Stockwinners Market Radar for May 13, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

19:04 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Immersion Corp (IMMR) up 14.4%... StoneCo (STNE) up 7.8%... i3 Verticals (IIIV) up 3.0%. DOWN AFTER EARNINGS: Tencent Music (TEN) down 5.3%... Take-Two (TTWO) down 2.0%... Kornit Digital (KRNT) down 1.0%... Mimecast (MIME) down 0.7%. Movers as of 18:45ET.

18:57 EDT Workday CEO: I don't think we'll feel a direct impact from the tariffs - In an interview on CNBC's Mad Money, Workday CEO Aneel Bhusri said: We don't have a presence in China, so I don't think we'll feel a direct impact from the tariffs... The shift to the cloud has happened faster than I expected... I think we can meet our sales goals organically, but we may make one or two more acquisitions.

18:39 EDT SemGroup acknowledges receipt of Alinda Capital 13D filing - SemGroup says it "welcomes regular and thoughtful engagement with its shareholders and seriously considers all suggestions that may enhance shareholder value."

18:38 EDT Alinda Capital reports 15.6% stake in SemGroup - SemGroup disclosed that Alinda Capital has discussed with management the issuer's plans for enhancing shareholder value, including whether the Issuer has considered exploring strategic alternatives. Alinda Capital "intends to further discuss with management, the board, potential acquirers, financing sources, advisors and/or other shareholders and may in the future formulate plans or proposals regarding the Issuer or its securities, including any potential strategic alternative intended to maximize shareholder value, including but not limited to a take private transaction designed to minimize the potential dilutive effect of outstanding preferred equity securities of the Issuer."

17:59 EDT ValueAct reports purchase of approximately 2.6M AES Corp. shares - According to a filing, ValueAct's Jeffrey Ubben purchased 2,582,000 shares of AES Corp at an average price of $16.10 per share between May 9 and May 13. The total transaction value of the purchase was $41,581,044.

17:46 EDT Ballard Power announces 20 fuel cell modules order from Wrightbus - Ballard Power Systems announced a purchase order from Wrightbus for 20 FCveloCity-HD 85-kilowatt fuel cell modules to power London buses under the Joint Initiative For Hydrogen Vehicles Across Europe funding program. These initial 20 double-decker buses - part of the 55 buses ultimately planned for the U.K. cluster under JIVE I - will be deployed on three routes with Transport for London, the city's transit agency. Deployment of these buses will support London's world-first Ultra Low Emission Zone initiative which was launched last month to improve air quality in the city. All the Ballard modules in this order are expected to ship by end-2019 and all related buses are expected to be deployed with TfL by end-2020. The JIVE funding program targets a total deployment of 291 fuel cell buses in more than 20 European cities.

17:38 EDT OGE Energy application to acquire the AES Shady Point plant approved in Oklahoma - OG&E, a subsidiary of OGE Energy, announced that the Oklahoma Corporation Commission unanimously approved the company's preapproval application to acquire the AES Shady Point plant near Poteau, Oklahoma, and the Oklahoma Cogeneration LLC facility in Oklahoma City. The company, which filed its preapproval request in December 2018, is expected to pay approximately $53M for the two plants. Shady Point has a generation capacity of 360MW and Oklahoma Cogeneration has a capacity of 146MW.

17:32 EDT Cemex signs final agreement to sell aggregates, ready-mix assets in Germany - Cemex announced that it has signed the final agreement to sell its aggregates and ready-mix assets in the North and North-West regions of Germany to GP Gunter Papenburg AG for approximately EUR87M. CEMEX currently expects to close this divestment during the second quarter. The assets in Germany being divested consist of 4 aggregates quarries and 4 ready-mix facilities in North Germany, and 9 aggregates quarries and 14 ready-mix facilities in North-West Germany. The proceeds expected to be obtained from this divestment will be used mainly for debt reduction and for general corporate purposes.

17:19 EDT MetLife names Cindy Pace global chief diversity and inclusion officer - MetLife announced Vice President Cindy Pace as its new global chief diversity and inclusion officer. In her new role, Pace will further MetLife's global diversity and inclusion strategy to help fuel innovation, cross-cultural collaboration and business success. Pace joined MetLife in 2013 to lead the company's first global women's initiative to advance women in leadership roles and strengthen the readiness and capabilities of women in the talent pipeline.

17:15 EDT EWG says jury finds Bayer's Roundup caused cancer in California couple - The Environmental Working Group, or EWG, said that for the third time in less than a year a California has found that Bayer's Roundup weedkiller caused cancer in a California couple. The jury in Alameda County Superior Court found that glyphosate, the signature ingredient in Roundup, was the cause of non-Hodgkin lymphoma in both Alva and Alberta Pilliod of Livermore, who have used the herbicide since the 1970s, according to EWG. Plaintiffs were awarded more than $2B in damages, the environmental group said. Reference Link

17:03 EDT First Busey, Investors' Security Trust Company sign merger agreement - First Busey and Investors' Security Trust Company jointly announced the signing of a definitive merger agreement pursuant to which IST will be merged with and into the wealth management division of Busey Bank. The partnership will enhance Busey's and IST's existing wealth management presence in the Cape Coral-Fort Myers, FL Metropolitan Statistical Area. Additionally, through a combined pro forma franchise of six locations in the greater Fort Myers area, the combined organization adds a broad range of banking services and delivery systems that complement the service offerings of IST, allowing us to further meet clients' growing financial needs. It is anticipated that IST will be merged with and into the wealth management division of Busey Bank in mid to late 2019, subject to customary closing conditions and required approvals, with combined assets under management of more than $9.25B.

17:01 EDT Martin Midstream Partners reports service disruption at Neches Terminal - Martin Midstream Partners L.P. announced that an incident occurred at its Neches Terminal in Beaumont, Texas in the early morning on Friday, May 10, 2019 causing structural damage to the terminal's mobile ship-loader and crane. There were no injuries to plant personnel or marine crews related to this event. Until the damage is repaired, the terminal will be unable to load prilled sulfur onto oceangoing vessels. The incident occurred during severe weather passing through the area. No other structures were impacted and all other terminalling operations are fully functional. At this time, the Partnership is not able to estimate the time necessary to repair the damage or the cash flow impact, but believes that it carries adequate insurance to protect against the losses incurred.

16:49 EDT Take-Two says company will have expanded presence at E3 - Says "The Outer Worlds" will be showcased privately at E3. Says "Borderlands 3" will have major presence at E3. Says company will have expanded presence at E3 in June. Says investing "heavily" in expanding creative teams and growing scale.

16:42 EDT i3 Verticals reports Q2 adjusted EBITDA $8.7M, up 13% from last year

16:37 EDT Redfin discloses end of its partnership with Re/Max - Redfin (RDFN) states: "RE/MAX (RMAX) withdrew today from its corporate partnership with Redfin. RE/MAX agents who already work as Redfin's partner agents will continue to be our partners, and RE/MAX agents can continue to enroll in our partner program, but Redfin can now enroll partner agents from other brokerages to serve Redfin.com visitors in the U.S. and Canada. At issue between RE/MAX and Redfin has been Redfin Direct, the new service we're piloting in Boston for Redfin's listing customers to get offers from unrepresented buyers. We had briefed RE/MAX on the technology prior to announcing the partnership, but RE/MAX became concerned that Redfin Direct would undermine the standing of North American buyers' agents. Redfin understands this concern, as we employ thousands of licensed professionals and believe the vast majority of homebuyers need professional advice, and will happily pay for it. But we also have a duty to get as many offers for our customers' listings as we possibly can, and to give those listing customers the best value. We believe in consumer choices; our mission is to redefine real estate in consumers' favor."

16:35 EDT STERIS sees FY20 free cash flow approximately $300M - Sees FY20 CapEx approximately $280M. The company said, "Growth in cash from operations in fiscal 2020 will be more than offset by significantly higher capital spending, limiting free cash flow for the year. In particular, growth capital of more than $110M will be invested to expand global capacity in the Applied Sterilization Technologies segment. In addition, investments will continue to be made to expand outsourced instrument reprocessing within the Healthcare Specialty Services segment."

16:23 EDT Homology Medicines reports Q1 EPS (64c), consensus (53c) - Reports Q1 revenue $270,000, consensus $970,000. As of March 31, Homology had approximately $188M in cash, cash equivalents and short-term investments. Homology expects its cash, cash equivalents and short-term investments, which includes net proceeds of $135M from the recent public offering of common stock, will allow the company to continue its operations into Q4 of 2021.

16:21 EDT Regeneron: FDA approves EYLEA Injection for diabetic retinopathy - Regeneron Pharmaceuticals announced that the U.S. FDA has approved EYLEA Injection to treat all stages of diabetic retinopathy, and thereby reduce the risk of blindness.

16:16 EDT Legg Mason raises quarterly dividend 18% to 40c per share - The dividend is payable on July 22 to shareholders of record at the close of business on July 2.

16:15 EDT Immersion discloses Samsung patent litigation settlement, terms not stated - Immersion (IMMR) announced that it agreed to enter into a settlement and license agreement with Samsung Electronics Co (SSNLF), resolving the global patent infringement litigation brought by Immersion against Samsung. While the terms of the agreement are confidential, the overall settlement and license fall in line with Immersion's business model of quarterly payments and revenue recognition.

16:13 EDT Avista announces CEO succession plan - Avista Corp. chairman and CEO Scott Morris announced that he will retire from the company effective March 1, 2020. Morris will serve as the executive chairman of the board until his retirement date but will transition his duties as CEO to Avista President Dennis Vermillion, who was elected CEO by the company's board, effective October 1, 2019. Morris will serve as the non-executive chairman following his retirement. Vermillion will continue to serve on Avista's board.

16:12 EDT RE/MAX Holdings says 'strongly believes' in the role of real estate agent - The company said, "RE/MAX strongly believes the role of a real estate agent in the homebuying and selling process is more important than ever. Consumers faced with the largest, most complex financial transaction of their lives should have a knowledgeable professional to guide and advise them. We believe real estate agents provide this essential service to a successful buying and selling experience. Given Redfin's recent announcement regarding a program that would encourage buyers not to use agents on listings where the seller is represented by Redfin, we cannot continue with an official, corporate-level relationship at this time. We have begun the process of dissolving our exclusive referral agreement with them beginning today."

16:09 EDT Forward Air names Matthew Jewell chief commercial officer - Forward Air announced that Matthew J. Jewell has been appointed Chief Commercial Officer and will oversee all of the company's revenue, marketing and business development functions. Chris C. Ruble, Chief Operating Officer of the company's Expedited business, has been appointed Chief Operating Officer of the company with oversight of all of the company's operations including the company's Intermodal segment. Mr. Jewell and Mr. Ruble will continue to report to Chairman, President and CEO Tom Schmitt.

16:08 EDT Vermillion announces findings from OVA1 multivariate index assay to be published - Vermillion announced acceptance of a paper in the journal Biomarkers in Cancer. The paper reviews data from previous prospective studies from ASPiRA Labs, Vermillion's wholly owned subsidiary, that show the company's OVA1 multivariate index assay had superior sensitivity to CA125 and HE4 in detecting ovarian malignancy risk in all populations, with marked improvement in detecting ovarian cancer in the African American population. The company initiated the analysis after the publication of four independent articles showed that African American and non-Caucasian women have lower CA125 levels than Caucasian women. CA125, HE4 and Risk of Malignancy Algorithm, or ROMA, are testing options for evaluating women with pelvic masses and determining clinical management. With lower CA125 levels in African American and non-Caucasian populations, the CA125 test has the potential to miss identifying ovarian malignancy risk in the non-Caucasian populations. The paper revealed that OVA1 detected ovarian malignancies in African American women 79.1% of the time compared to 54.5% of the time when using CA125 and HE4 tests. OVA1 was superior in Caucasian women, as well, detecting ovarian cancer 93.2% of the time compared to 82.9% of the time using CA125 and HE4.

16:02 EDT NV5 Global appoints Edward Codispoti as CFO - NV5 Global announced the appointment of Edward Codispoti as CFO of NV5, effective June 6. Codispoti succeeds current NV5 CFO Michael Rama. Since 2017, Codispoti has served as CFO of Ilumno Holdings.

15:57 EDT Braskem trading resumes

15:01 EDT Volkswagen weighs JV or possible sale for MAN Energy Solutions and RENK - In a statement Volkswagen said: "The Supervisory Board and Board of Management of Volkswagen AG took important decisions for the future of the Volkswagen Group today. As part of its electrification offensive the Volkswagen Group is to move forward with setting up a battery cell production facility in Europe under a partnership. To that end, the Supervisory Board approved investments of just under one billion euros at today's meeting. It is planned to locate a battery cell production facility in Lower Saxony, Salzgitter. It was also decided to begin concrete negotiations on the planned new multibrand plant in Europe with the remaining potential locations. In addition, the Supervisory Board requested the Board of Management to start the process to develop a forward-looking, industrially meaningful solution for MAN Energy Solutions and RENK AG. The focus lies on opening future-oriented growth perspectives for mechanical engineering in the Group, for example though a joint venture, partnerships, or a full or partial sale. Furthermore, it was decided to prepare an IPO of TRATON SE to be launched before the 2019 summer break, subject to further market developments. "We approved important strategic decisions for the Volkswagen Group at today's Supervisory Board meeting. As part of our comprehensive electrification offensive we plan to secure our battery capacities through strategic partnerships. At the same time, we wish to expand our production capacities in Europe to support our growth plans. Given the ever greater complexity of our industry and the related challenges, it is essential to focus on our core business," Supervisory Board Chairman Hans Dieter Potsch said. Reference Link

13:58 EDT Digimarc VP Robert Chamness sold over 8,000 shares of company stock - Digimarc VP Robert Chamness disclosed in a filing that he had sold 8,062 shares of company shares on May 9 for an average price of $60.06.The total transaction value of the sale was $484,204.

13:32 EDT Bayer to sell Coppertone unit to Beiersdorf for $550M - Beiersdorf and Bayer announced that Beiersdorf has entered into a definitive agreement to buy the Coppertone business from Bayer for a purchase price of $550M. "This transaction demonstrates our commitment towards competitive, sustainable growth and investment in skin care outlined in the new C.A.R.E.+ strategy. Skin care is at the heart of Beiersdorf - and caring for skin health through sun protection has been an essential pillar of our business for over 60 years," said Stefan De Loecker, Chief Executive Officer of Beiersdorf. "We are pleased to offer the iconic Coppertone brand and its dedicated, experienced employees a new home next to NIVEA Sun and Eucerin Sun. The sun care pioneers of Europe and the US will join forces under one umbrella to provide trusted sun protection to consumers around the world. We are convinced that Coppertone and its team will add complementary expertise to our leading brand portfolio and significantly strengthen our position particularly in the US." Beiersdorf will acquire the global product rights to Coppertone and take over approximately 450 dedicated brand personnel in the United States, Canada, and China including Sales and Marketing, Research & Development and others, as well as a production facility in Cleveland, Tennessee, USA. The transaction is expected to close in the third quarter of 2019 subject to the satisfaction of customary closing conditions, including approval by the competition authorities.

13:07 EDT Facebook raises minimum wages for U.S. contract workers to $20/hr - Janelle Gale, VP of HR and Arun Chandra, VP of Scaled Operations at Facebook, said in a statement: "Today we're committing to pay everyone who does contract work at Facebook in the US a wage that's more reflective of local costs of living. And for those who review content on our site to make sure it follows our community standards, we're going even further. We're going to provide them a higher base wage, additional benefits, and more supportive programs given the nature of their jobs... It's become clear that $15 per hour doesn't meet the cost of living in some of the places where we operate. After reviewing a number of factors including third-party guidelines, we're committing to a higher standard that better reflects local costs of living. This means a raise to a minimum of $20 per hour in the San Francisco Bay Area, New York City and Washington, D.C., and $18 per hour in Seattle. We'll be implementing these changes by mid-next year and we're working to develop similar standards for other countries. We'll pay at least $22 per hour to all employees of our vendor partners based in the Bay Area, New York City and Washington, D.C.; $20 per hour to those living in Seattle; and $18 per hour in all other metro areas in the US. Beyond pay, we're taking steps to better support the well-being and resilience of the teams that review content. We're working with our vendor partners to deliver ongoing well-being and resiliency training. For the first time, we're adding preferences that let reviewers customize how they view certain content. We're now requiring all vendor partners to provide on-site counseling during all hours of operations, not just certain hours of each shift. We're rolling out a resiliency survey to all partner sites around the world to get a better sense of the needs of our reviewers. We're working to make contracts across our Global Operations vendor partners consistent. This includes requirements like quality-focused incentives, no sub-contracting, overtime and premiums for nightshifts and weekends, and healthcare that meets the standards of the Affordable Care Act in the US and appropriate healthcare standards internationally." Reference Link

12:20 EDT Greensill announces $800M investment by SoftBank Vision Fund - Greensill, a non-bank provider of working capital finance for companies, announced an $800M investment by the SoftBank Vision Fund. The transaction underscores the value of working capital finance as the most advanced means of providing low cost capital to companies large and small, while opening up a new asset class to global investors, Greensill said in a statement. Lex Greensill, Founder and CEO of Greensill, said: "The SoftBank Vision Fund's investment is a resounding endorsement of the work we do at Greensill unlocking capital so our clients can put it to work. We are proud to welcome Masayoshi Son and the Vision Fund team into the Greensill family, and we are excited about the opportunity of working with the company, its many partners and beyond." The Vision Fund's investment will accelerate Greensill's development of new technology to further improve access to capital for companies globally and meaningfully enhance the firm's ability to support the development of a broad, liquid capital market for working capital finance assets, Greensill added. Reference Link

12:05 EDT Corrib Capital reports 7.2% passive stake in Endologix - In a regulatory filing, Corrib Capital disclosed a 7.2% stake in Endologix, which represents 1.2M shares. The filing does not allow for activism.

12:00 EDT Teva falls -15.8% - Teva is down -15.8%, or -$2.27 to $12.09.

12:00 EDT Lannett falls -18.7% - Lannett is down -18.7%, or -$1.28 to $5.58.

12:00 EDT ProShares Trust Ultra VIX Short Term Futures ETF rises 19.5% - ProShares Trust Ultra VIX Short Term Futures ETF is up 19.5%, or $7.12 to $43.56.

11:34 EDT Adtalem Global Education trading halted, news pending

11:12 EDT Neuberger Berman files proxy statement seeking to replace three Verint directors - Neuberger Berman Investment Advisers LLC and certain of its affiliates that manage investment funds and client accounts that collectively own approximately 1,743,123 shares, or 2.7%, of the outstanding stock of Verint Systems, announced that it has delivered an open letter to Verint stockholders. The letter read in part, "We are significant, long-term investors in Verint and we are asking you to elect three new, highly-qualified software executives to the Company's eight-person Board at the upcoming annual meeting of shareholders..We firmly believe that Verint has the opportunity to create substantial value for its owners. However, for long-term investors like us, it has been particularly frustrating to watch Verint lag behind its peers, year after year, on many levels, including organic sales growth, operating margin and, most importantly, total shareholder return...For the last two years, Neuberger Berman has attempted to do this with Verint. Unfortunately, we faced a reluctant Board of Directors and an insular management team. While we are pleased that some of our recommendations - such as cloud revenue disclosure - have recently been adopted, these changes only occurred after persistent pressure from us and after we submitted to Verint our nomination notice for the election of three new directors to the Board at the 2019 annual meeting. We're gratified that the stock market has reacted positively to our suggestions and management's promise to provide shareholders with improved disclosures. However, those promises - even assuming that they are fulfilled - are not enough...We believe Verint needs to do three things to maximize value for its shareholders: Commit to transitioning to a modern cloud business model, with identified medium- and long-range financial and performance targets that give shareholders visibility into its growth and revenue quality, and the ability to hold management accountable; Clearly articulate the Company's capital allocation priorities and present a compelling case for its current business configuration, so shareholders know how their capital will be used to create value and why the Board believes the current conglomerate structure is optimal; and Upgrade the Board, by adding professionals with substantial software, analytics, cloud and corporate governance expertise to give shareholders confidence that the Board is properly overseeing the Company's strategy and will hold management accountable for performance....We have, therefore, taken the extraordinary step of nominating three new directors to the Board and are asking our fellow shareholders to support their election at the upcoming annual meeting. Our nominees are: Ms. Beatriz Infante. Ms. Infante is a software industry veteran and a four-time CEO with a track record of successfully leading multiple international technology businesses to extremely high levels of growth, profitability and shareholder return...Dr. Mark Greene. Dr. Greene is a senior financial software and analytics executive with 35+ years of global executive experience leading and growing complex global businesses...Mr. Oded Weiss. Mr. Weiss has 25+ years of experience in building value and creating high-performing leadership teams in fast growing global businesses...We encourage you to support our comprehensive approach for value creation at Verint by voting on the GOLD proxy card for our candidates."

11:05 EDT Neuberger Berman calls for Verint to transition to 'modern cloud business model' - Neuberger Berman Investment Advisers and certain of its affiliates that manage investment funds and client accounts that collectively own approximately 1,743,123 shares, or 2.7%, of the outstanding stock of Verint Systems announced that it has delivered an open letter to Verint stockholders. The company said, "Neuberger Berman details three steps to maximize value for Verint shareholders: Commit to transitioning to a modern cloud business model, with identified medium- and long-range financial and performance targets that give shareholders visibility into its growth and revenue quality, and the ability to hold management accountable; Clearly articulate the Company's capital allocation priorities and present a compelling case for its current business configuration, so shareholders know how their capital will be used to create value and why the Board believes the current conglomerate structure is optimal; and Upgrade the Board, by adding professionals with substantial software, analytics, cloud and corporate governance expertise to give shareholders confidence that the Board is properly overseeing the Company's strategy and will hold management accountable for performance."

10:45 EDT GoPro reiterates plans to move U.S.-bound camera production to Mexico - In light of recent comments made by the United States Trade Representative, GoPro reiterated its plans to move most of its U.S. bound production out of China, while maintaining production in China for non-U.S. bound cameras. "In June, we will begin production in Guadalajara, Mexico of our U.S. bound cameras to support sales beginning in the third quarter," said Brian McGee, Executive Vice President and CFO. "We expect most of our U.S. bound cameras will be in production in Mexico in the second half of 2019. As stated previously, our decision to move most of our U.S. bound production to Mexico supports our goal to insulate us against possible tariffs as well as recognize some cost savings and efficiencies."

10:00 EDT Lannett falls -11.4% - Lannett is down -11.4%, or -78c to $6.08.

10:00 EDT Ciner Resources falls -13.5% - Ciner Resources is down -13.5%, or -$3.07 to $19.74.

10:00 EDT ProShares Trust Ultra VIX Short Term Futures ETF rises 14.7% - ProShares Trust Ultra VIX Short Term Futures ETF is up 14.7%, or $5.35 to $41.79.

09:51 EDT Braskem trading halted, news pending

09:43 EDT Girardin to acquire BlueBird dealership, New York Bus Sales - The Girardin Family of Businesses and Marlene Costanzo Denney announced that they have concluded an agreement by which Girardin will acquire New York Bus Sales from the owner, Marlene Costanzo Denney. The transaction will be effective on June 3, 2019. NYBS will continue to operate under the same name, out of the same locations with the same experienced and dedicated team. NYBS will continue to offer the complete line of Blue Bird (BLBD) and Micro Bird by Girardin buses and minibuses with their best in class diesel, propane, gas, CNG and electric powertrains. Marlene Costanzo Denney is appointed Honorary President and will be an active member of the Advisory Board and Executive Committee. She will continue to be involved in strategic initiatives and events involving the NYBS team, its customers and the school bus industry. Sean Finnerty is appointed President of NYBS and member of its Executive Committee. John Johnston is appointed VP, Service and Parts of NYBS and member of its Executive Committee. Les Mauer is appointed VP Finance of NYBS and member of its Executive Committee. The transaction will be effective on June 3, 2019.

09:20 EDT Jumia Technologies co-CEOs say results 'excellent' in Q1 - "Jumia delivered excellent results during the first quarter of 2019: strong GMV growth of 58% leading to 102% growth in marketplace revenue, year-on-year improvement of 356 basis points of Operating loss as a percentage of GMV and further development of JumiaPay, highlighted by the investment by and partnership with Mastercard. We believe that Jumia is increasingly relevant for consumers and sellers in Africa. Looking ahead, we remain focused on our core operations, driving consumer adoption and engagement on our marketplace, increasing the penetration of JumiaPay, while continuing to improve our financial profile and making a sustainable impact on the continent," said Sacha Poignonnec and Jeremy Hodara, co-CEOs of Jumia.

09:15 EDT Fly Intel: Pre-market Movers - HIGHER: Amber Road (AMBR), up 27% after E2open announced a deal to acquire the company in an all-cash transaction valued at approximately $425M... Shell Midstream (SHLX), up 6% after entering into an agreement to acquire Shell's 25.97% equity interest in Explorer Pipeline and 10.13% equity interest in Colonial Pipeline for $800M. LOWER: Uber (UBER), down 7% in its second day of trading after its disappointing IPO on Friday... Weatherford (WFT), down 58% after announcing plans to restructure through a Chapter 11 bankruptcy filing... Veritiv (VRTV), down 3% after BofA/Merrill analyst John Babcock downgraded the stock to Neutral from Buy and lowered its price target to $26 from $37... Teva (TEVA) and Mylan (MYL), down 10% and 3%, respectively, after Connecticut Attorney General William Tong led a 44-state coalition in announcing a lawsuit against Teva and 19 other generic drug manufacturers alleging a "broad conspiracy to artificially inflate and manipulate prices, reduce competition and unreasonably restrain trade for more than 100 different generic drugs."

09:11 EDT Teva, Mylan among 20 drugmakers sued by 44 states over price fixing - Connecticut Attorney General William Tong led a 44-state coalition in announcing a lawsuit against Teva Pharmaceuticals (TEVA) and 19 other generic drug manufacturers alleging a "broad conspiracy to artificially inflate and manipulate prices, reduce competition and unreasonably restrain trade for more than 100 different generic drugs." The lawsuit, filed in U.S. District Court for the District of Connecticut, also names 15 individual senior executive defendants who were responsible for sales, marketing, pricing and operations. "The drugs at issue account for billions of dollars of sales in the United States, and the alleged schemes increased prices affecting the health insurance market, taxpayer-funded healthcare programs like Medicare and Medicaid, and individuals who must pay artificially-inflated prices for their prescriptions drugs," Tong said in a statement yesterday. The complaint alleges that Teva, Novartis' (NVS) Sandoz, Mylan (MYL), Pfizer (PFE) and 16 other generic drug manufacturers, including Amneal Pharmaceuticals (AMRX), Dr. Reddy's (RDY) and Lannett (LCI), "engaged in a broad, coordinated and systematic campaign to conspire with each other to fix prices, allocate markets and rig bids for more than 100 different generic drugs."

09:08 EDT Synopsys, Elektrobit announce collaboration - Synopsys and Elektrobit announced a collaboration to accelerate automotive electronic systems development using virtual environments. The two companies are collaborating to bring together Synopsys Virtualizer Development Kits, EB operating systems, development and test tools, and complementary expertise to enable pre-silicon and pre-Electronic Control Unit hardware availability and software development. The combined solution accelerates system testing cycles and enables automotive tier 1 and OEM companies to transition from physical to virtual system testing.

09:07 EDT Kratos Defense awarded $16.4M in product orders - Kratos Defense announced that it has recently received $16.4M in missile defense system and other microwave electronic products orders. Work under these recently received contract awards will be performed in secure Kratos manufacturing facilities. Due to competitive, customer related and other considerations, no additional information will be provided.

09:06 EDT First Community CFO, Chief Credit Officer to retire in 2019 - First Community announced that two members of the company and the bank's Executive Leadership Team, Chief Credit Officer, David Proctor, and CFO, Joe Sawyer, plan to retire in 2019. Proctor will retire effective July 31. The retirement date for Sawyer will be later this year with a specific date to be finalized. Long time First Community employee John "Jack" Walker has been selected as First Community's new Chief Credit Officer. The search process for a new CFO is underway with plans to have an overlap with the hiring of the new CFO and Sawyer's retirement to ensure a smooth transition.

09:05 EDT Texas Pacific Land Trust says Glass Lewis recommends vote for Don Cook - Texas Pacific Land Trust announced that Glass Lewis has joined Institutional Shareholder Services in recommending that TPL shareholders vote FOR Donald Cook using the BLUE proxy card. In its May 10, 2019 report, Glass Lewis concludes that: "upon a full and objective review of the arguments put forward by the Dissidents and the Trust, we ultimately see a stronger case for shareholders to support the election of General Cook. While he may lack expertise in the various business activities presently occurring on TPL's land, in our view, General Cook has much broader and more impressive experience as a board member, including service on large public and private company boards, as well as a proven track record of advocating for and practicing good corporate governance, which we believe makes him the better choice for TPL shareholders at this time...the upcoming shareholder vote should not be construed as a referendum on whether the Trust should immediately pursue a C-Corp conversion, in our opinion. Rather, we believe this proxy contest, like most others, comes down to which nominee is better suited to serve on the board and more likely to represent and advocate for the best long-term interests and rights of all shareholders." The Trust urges shareholders to follow the recommendations of Glass Lewis and ISS by returning the BLUE proxy card to vote FOR General Cook and discarding the dissident group's white proxy card.

09:03 EDT Perficient to acquire assets of Sundog Interactive - Perficient announced it has entered into a purchase agreement to acquire the assets of Sundog Interactive, "a $14M marketing and technology consulting firm that delivers Salesforce solutions for the world's leading manufacturers." The acquisition is anticipated to close later this month and is expected to be accretive to adjusted EPS immediately.

09:01 EDT Oceaneering names Charles Davison as COO, succeeding Clyde Hewlett - Oceaneering announced the appointment of Charles Davison, Jr. to succeed Clyde Hewlett as COO effective upon Davison's commencement of employment with Oceaneering, which is expected on or about June 3. Oceaneering intends that Davison will have worldwide responsibility for Oceaneering's energy-related segments. Davison has served, since June 2015, as CEO and President of Fairfield Geotechnologies and, since March 2018, as chairman of its board of directors.

08:47 EDT Jacobs Engineering launches tender to acquire KEYW for $11.25 per share in cash - Jacobs (JEC) announced that its wholly owned indirect subsidiary, Atom Acquisition Sub, has commenced a tender offer for all of the outstanding shares of common stock, par value $0.001 per share, of The KeyW Holding Corporation (KEYW), at a price of $11.25 per share, net to the seller in cash, without any interest thereon and less any applicable withholding taxes, upon the terms and conditions set forth in the tender offer to purchase dated today, a copy of which has been filed with the U.S. SEC.

08:42 EDT Bellerophon to present additional data from Cohort 1 of INO-PF study - Bellerophon announced that it would present a late-breaking abstract with additional data from Cohort 1 of its ongoing Phase 2/3 randomized, double-blind, placebo-controlled clinical study iNO-PF of INOpulse for the treatment of Pulmonary Hypertension associated with Interstitial Lung Disease, or PH-ILD, as an oral presentation at the American Thoracic Society, or ATS. The company will also provide a corporate overview and an update on its PH-ILD development program during the session at the Respiratory Innovation Summit, or RIS. Based on results from Cohort 1 of its ongoing iNO-PF trial, Bellerophon reached an agreement with the FDA on the use of MVPA as the primary endpoint in the pivotal Phase 3 study. In addition, the FDA agreed with the company's proposal that the ongoing Phase 2b study be amended to a seamless Phase 2/3 trial, allowing Bellerophon to continue directly into the final third cohort required for approval. Bellerophon is actively recruiting patients in Cohort 2 of its INO-PF trial, which will assess a higher dose as well as a longer duration of treatment to 16 weeks. The company continues to see strong recruitment activity and support from clinical sites and top-line data from Cohort 2 are anticipated in the second half of 2019. Bellerophon also expects to initiate Cohort 3 in the second half.

08:35 EDT Luokung Technology to acquire 67.36% of BotBrain - Luokung Technology announced that it has signed a stock purchase agreement to acquire 67.36% of Beijing BotBrain AI Technology Ltd and BotBrain AI Limited. The company will invest RMB 20M to BotBrain and will issue 804,162 ordinary shares at $7 per share to the former institution investors of BotBrain to obtain 67.36%. The 32.64% share equity of BotBrain will be remained by Xueyu Lu, the founder and CEO of BotBrain, along with BotBrain 's core team members. After the acquisition, Lu will continue as CEO of BotBrain AI. BotBrain was established in January 2016, and it has been becoming an advanced provider for intelligent content solutions in China. It's artificial intelligence algorithms and technology are applied in Chinese semantic analysis, intelligent voice interaction, knowledge graph learning, personalized contents recommendation and other related big data analysis.

08:31 EDT ADW Capital urges Select Interior holders to request legal proxy to deny quorum - In a letter to shareholders of Select Interior Concepts, ADW Capital stated in part, "Dear Shareholders of Select Interior Concepts, As you may be aware, ADW Capital Management is the advisor to the entities that own 2,514,900 shares of Select Interior Concepts representing an interest of roughly 9.73% in the company. We believe that this Board's recent behavior and aura of complacency makes no financial or strategic sense. However, despite what we view as the colossal failure of this Management Team and Board of Directors thus far in creating shareholder value, SIC today has incredibly coveted assets in ASG and RDS. In order to prevent any further destruction of shareholder value that could include a DILUTIVE transaction or putting significant LEVERAGE on our business, we must let this Board and Management Team know that shareholder concerns need to be taken seriously. We are therefore urging shareholders NOT TO VOTE their shares at SIC's upcoming annual meeting to prevent the company from obtaining a quorum for this meeting. You must follow these instructions to ensure your shares are not counted towards quorum! YOU HAVE UNTIL TUESDAY AT 11:59 PM TO PULL YOUR SHARES FROM QUORUM. DO NOT WAIT UNTIL THEN!"

08:21 EDT ServiceNow to acquire in-app mobile analytics platform, R&D talent of Appsee - ServiceNow announced it has signed an agreement to acquire the in-app mobile analytics platform and R&D talent of Appsee, an Israel-based application analytics platform company. "With the acquisition of Appsee's intellectual property and key Appsee talent, ServiceNow will further its mobile application and web browser strategy by adding deep user analytics to the Now Platform. This deal is expected to further enable the company to deliver out-of-the-box, consumer-grade mobile experiences at scale to enterprises. Appsee will provide ServiceNow, and ServiceNow customers, with insights into user behavior when interacting with the Now Platform. With this added level of analytics, ServiceNow plans to provide more intuitive user experiences and further improve digital workflows to reduce routine work and free workers up to do more strategic work." ServiceNow expects to complete the acquisition by the end of Q2. Financial terms of the deal were not disclosed.

08:16 EDT Cellectar Biosciences receives fast track designation for CLR 131 from FDA - Cellectar Biosciences announced that the FDA has granted fast track designation for CLR 131 in fourth line or later relapse/refractory multiple myeloma. CLR 131 is the company's small-molecule radiotherapeutic phospholipid drug conjugate designed to deliver cytotoxic radiation directly and selectively to cancer cells and cancer stem cells. It is currently being evaluated in Cellectar's ongoing CLOVER-1 Phase 2 clinical study in patients with relapsed or refractory multiple myeloma and other select B-Cell lymphomas.

08:14 EDT Bed Bath & Beyond CEO Steven Temares steps down, Winston named interim CEO - Bed Bath & Beyond announced that Mary Winston has been appointed Interim CEO, effective immediately. Steven Temares has stepped down as CEO and resigned as a member of the Bed Bath & Beyond Board. The Board has formed a CEO search committee to identify a permanent CEO and will retain an executive search firm to assist in the search process. The Board's search process will focus on individuals who have transformation and innovation experience in the retail sector. In addition, the Board appointed Andrea Weiss, a long-time retail executive who also recently joined the Bed Bath & Beyond Board, as Chair of the Business Transformation and Strategy Review Committee, which will be responsible for ensuring that all aspects of the company's ongoing business transformation are addressed. Weiss and the Committee will work closely alongside Winston in her role as Interim CEO and the other members of the leadership team to identify opportunities for rapid performance improvement of both short- and long-term results.

08:12 EDT Box announces date change for Q1 results to June 3 - Box announced that it has changed the date of its financial results conference call for Q1, which ended April 30. Co-Founder and CEO Aaron Levie is expecting the birth of his first child on or about the previously scheduled date. The company will now issue its Q1 results following the close of the market on Monday, June 3. On that day, Box's management will hold a conference call and webcast at 2:00 p.m. PT to discuss Box's financial results and business developments.

08:10 EDT Minerva trading halted, news pending

08:07 EDT Legg Mason reports preliminary AUM approximately $767.5B as of April 30 - This month's AUM included long-term net inflows of approximately $1.2B, driven by fixed income and alternative inflows of $2.5B and $0.1B, respectively, which were partially offset by equity outflows of $1.4B.

08:06 EDT Cantel Medical names Peter Clifford as COO, Shaun Blakeman as CFO - Cantel Medical announced that Peter Clifford has been promoted to Executive Vice President and COO. As part of this change in leadership, Shaun Blakeman has been appointed as Senior Vice President and CFO. Clifford and Blakeman will be located in Little Falls, N.J. and will serve on the Executive Leadership Team. Most recently, Clifford served as Executive Vice President and CFO for the company. As a result of Clifford's promotion, Shaun Blakeman will take on the role of SVP and CFO. Blakeman worked for Cantel from 2016 to 2018 as VP of Finance for Cantel's Medical division.

07:58 EDT Fang Holdings provides update on proposed separation of China Index Holdings - Fang Holdings provided updates on the proposed separation of China Index Holdings, a wholly-owned subsidiary of Fang. Fang's board of directors has approved the plans to separate CIH and the related business from Fang by a dividend distribution of all the issued and outstanding shares of CIH held by Fang to its shareholders and list CIH's ordinary shares represented by American depositary shares on the Nasdaq Stock Market. The separation and distribution will result in two independent, publicly traded companies. A registration statement on Form F-1 has been filed by CIH with the SEC in connection with the proposed separation and distribution. The separation and distribution is expected to commence after the Commission completes its review process, subject to customary closing conditions. There can be no assurance as to the commencement or completion of the proposed separation and distribution.

07:42 EDT Celgene's POMALYST granted breakthrough therapy designation from FDA - Celgene Corporation announced that the U.S. Food and Drug Administration has granted Breakthrough Therapy designation to POMALYST for the treatment of patients with human immunodeficiency virus-positive Kaposi sarcoma who have previously received systemic chemotherapy, as well as patients with HIV-negative Kaposi's sarcoma. Kaposi sarcoma is a multicentric tumor caused by Kaposi sarcoma-associated herpesvirus, also called human herpesvirus-8. Patients suffer multiple lesions on the skin and oral mucosa, and at times other organs such as the lungs or gastrointestinal mucosa. Kaposi sarcoma most commonly arises in persons infected with HIV. The Breakthrough Therapy designation was granted by the FDA on the basis of the results of a clinical study performed under a Cooperative Research and Development Agreement by a team led by Dr. Robert Yarchoan, of the HIV and AIDS Malignancy Branch within the Center for Cancer Research of the National Cancer Institutes. The results of that study, published in the Journal of Clinical Oncology evaluated POMALYST in patients with Kaposi sarcoma, with or without HIV infection, many of whom had received prior cytotoxic chemotherapy. Celgene plans to submit a supplemental New Drug Application for POMALYST in this disease area by the end of 2019. Celgene also has two additional studies planned in this disease. In partnership with the AIDS Malignancy Consortium, a U.S. multicenter study will be performed to confirm and extend the results of the NCI study. The AMC is also sponsoring a second study in sub-Saharan Africa, where Kaposi sarcoma continues to be a serious problem. This program is a part of the Celgene Global Health effort to discover and develop new drugs for diseases that affect patients in the lower- and middle-income countries where health systems and medical resources are less advanced.

07:39 EDT Onconova enters license agreement with HanX for rigosertib in Greater China area - Onconova announced that it has entered into a license agreement for the Greater China territory with HanX Biopharmaceuticals to develop and commercialize rigosertib, a novel and targeted anti-cancer compound currently in a Phase 3 study for the treatment of higher-risk MDS. Under the terms of the agreement, Onconova has granted to HanX an exclusive license to develop and commercialize rigosertib in Greater China and a non-exclusive license to manufacture rigosertib in Greater China. In exchange for these rights, HanX will make upfront payments totaling $6M, $4M of which are cash payments to Onconova, including a $2M fee and an investment totaling $2M in shares purchased at a premium to market. In addition, HanX will also place $2M in escrow in local currency for rigosertib clinical development expenses in Greater China. Onconova could receive up to $45.5M in regulatory, development and sales-based milestone payments and tiered royalties up to double digits on net sales in Greater China. Onconova will initially supply the finished product for sale in the licensed territories. HanX will also support Onconova's clinical trial initiatives in the territory.

07:22 EDT Honeywell selects Gilat's Taurus IFC modem for JetWave satellite system - Gilat Satellite (GILT) announced that Honeywell (HON) has selected Gilat's Taurus IFC modem for its JetWave satellite communication system. The integration of Gilat's aero-modem will enable Honeywell to offer its JetWave solution within territories as well as to roam in-and-out of territories where Gilat's ground network is deployed. The Honeywell-Gilat solution will first be deployed in China over China's HTS Ka network for both domestic and flights going in-and-out of China, expanding later to additional regions around the globe.

07:18 EDT Trump says 'no reason' for U.S. consumer to pay the tariffs - President Donald Trump said via Twitter: "Their is no reason for the U.S. Consumer to pay the Tariffs, which take effect on China today. This has been proven recently when only 4 points were paid by the U.S., 21 points by China because China subsidizes product to such a large degree. Also, the Tariffs can be completely avoided if you by from a non-Tariffed Country, or you buy the product inside the USA (the best idea). That's Zero Tariffs. Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia. That's why China wants to make a deal so badly! There will be nobody left in China to do business with. Very bad for China, very good for USA! But China has taken so advantage of the U.S. for so many years, that they are way ahead (Our Presidents did not do the job). Therefore, China should not retaliate-will only get worse!" Reference Link

07:14 EDT Kimbell Royalty Partners announces expected income tax treatment on earnings - Kimbell Royalty Partners announced the expected favorable federal income tax treatment of its future earnings and distributions paid to Kimbell common unitholders for at least the next seven years. The company expects that: For the next seven years (2019 to 2025), the company will pay no material federal income taxes (less than 5% of estimated pre-tax distributable cash flow); For the next four years (2019 to 2022), substantially all distributions paid to common unitholders will not be taxable dividend income; and for 2023 through 2025, less than 25% of distributions paid to common unitholders will be taxable dividend income. Distributions in excess of the amount taxable as dividend income will reduce an investor's tax basis in its units, or produce capital gain to the extent they exceed an investor's tax basis. The reduced tax basis will increase an investor's capital gain when it sells its units.

07:11 EDT Argo Group: ISS recommends holders vote FOR Argo director slate - Institutional Shareholder Services, or ISS, has recommended shareholders of Argo vote the WHITE proxy card in support of all of Argo's directors at the company's Annual General Meeting on May 24. In recommending the WHITE proxy card in its May 11, report, ISS noted the strong results the Argo board and management have delivered for shareholders and expressed support for Argo's board and strategic direction: "The company has delivered strong TSR over the short- and long-term and has demonstrated good overall governance; notably, the board has appropriately refreshed itself in recent years. The Board also has demonstrated that it has thoughtfully considered many of the concerns raised by the dissident before reaching a conclusion with which the dissident disagrees." In concluding that Voce has failed to make a case for its slate of nominees, ISS noted Argo's "ongoing refreshment process that incorporates active, contributing, and additive board members." ISS observed that: "In fact, independent of the dissident's involvement, the board's refreshment is proceeding at a reasonable pace and the dissident's allegations of a stale board do not appear to accurately reflect the current board dynamic, particularly in the absence of underperforming operations or share returns."

07:10 EDT Front Yard Residential CEO calls ISS recommendation 'deeply flawed' - Front Yard Residential issued the following statement in response to a report issued by Institutional Shareholder Services in connection with the election of directors to Front Yard's Board at the Company's 2019 Annual Meeting of Stockholders on May 23, 2019. CEO George Ellison commented: "It is unfortunate that ISS has failed to recognize the great strides Front Yard has taken in recent years to reposition its portfolio, capture the significant upside that exists in the growing single-family rental market and execute on its core strategic initiatives that will drive value for stockholders over the long-term. While total shareholder return is an important metric, in our case, it simply does not tell the whole story and should not be the sole determining factor on how to judge Front Yard's performance. Importantly, Front Yard's stock price is up approximately 10% since May 8, 2019, the day the Company announced its amended and restated asset management agreement with its external manager, which was designed to build long-term stockholder value and has been well received by our stockholders and the analysts that understand our business best. Accordingly, we believe ISS' analysis is deeply flawed and does Front Yard's stockholders a disservice as we believe that the addition of Snow Park's nominees to the Front Yard Board could result in significant disruption to the Company's ongoing successful transformation. Stockholders should recognize that a vote on the Blue proxy card is a vote to replace highly-qualified, experienced directors with unqualified, unknown and unvetted nominees who would not bring any new skills to the Board. In fact, the nominees put forth by Snow Park have little to no experience in the ownership and management of SFR homes and possess repetitive, finance-related backgrounds in business lines that Front Yard transitioned away from years ago. Snow Park itself is a highly-conflicted hedge fund that has a substantial short interest in Front Yard's shares, giving it a net long position well under 0.5%. This means Snow Park has minimal economic exposure to the Company or alignment with its stockholders. Furthermore, Snow Park owns 5.0% of AAMC, which it has acknowledged could result in additional conflicts of interest. The generic ideas put forth by Snow Park are fundamentally at odds with Front Yard's growth strategy, and the election of its nominees would be a step in the wrong direction. Moreover, the election of any of Snow Park's nominees would remove highly valuable and critical institutional knowledge and expertise from our boardroom and put your investment at risk. Accordingly, we are confident that Front Yard has the right Board and strategy in place to continue driving long-term stockholder value."

07:06 EDT KKR acquires two Class A industrial distribution buildings, terms not disclosed - KKR announced the acquisition of two Class A industrial distribution buildings totaling 928,270 square feet. The assets are part of KKR's Alpha Industrial Properties portfolio, a seven million square foot portfolio across eight high-growth markets in the U.S. The buildings are located in Inland Empire, California, and in Lakeland, Florida, important national distribution nodes for a variety of tenants serving two of the fastest growing regions in the U.S.: the Southeast and the West. The properties were both recently completed and acquired directly from their respective developers. KKR is making the investment through its Real Estate Partners Americas Fund II.

07:05 EDT Commercial Vehicle Group announces new customer wins of $10M-$13M - Commercial Vehicle Group announced an expanded presence in truck and construction seating in East Asia following new customer wins totaling approximately $10-$13M in annual revenue, at full run rate.

07:04 EDT Avrobio expects cash, cash equivalents to fund requirements into 2H20 - The company said, "Based on the Company's current operating plan, AVROBIO expects its cash and cash equivalents as of March 31, 2019 will enable the Company to fund its operating expenses and capital expenditure requirements into the second half of 2020."

06:56 EDT Geo Group to increase minimum starting wage rates for correctional officers - The GEO Group announced that it will increase its minimum starting wage rates for correctional and detention officers across all corrections and detention facilities in its U.S. Corrections and Detention business unit. As previously announced, effective May 1, GEO has increased the minimum starting wage rate for correctional and detention officers to $13.00 per hour. GEO will further increase the minimum starting wage rate to $14.00 per hour by January 1, 2020 and $15.00 per hour by January 1, 2021.

06:47 EDT Descartes Systems acquires Core Transport Technologies for $21M upfront payment - Descartes Systems announced that it has acquired Core Transport Technologies, an electronic transportation network that provides global air carriers and ground handlers with shipment scanning and tracking solutions. CORE is headquartered in Nelson, New Zealand. Descartes acquired CORE for up-front consideration of $21M, plus potential performance-based consideration. The up-front consideration was satisfied with cash from Descartes' existing acquisition line of credit. The maximum amount payable under the all-cash performance-based earn-out is $9M, based on CORE achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2021 and fiscal 2022.

06:32 EDT ISS recommends Front Yard Residential shareholders vote Blue proxy card - Snow Park Capital Partners announced that Institutional Shareholder Services has endorsed its case for change at Front Yard Residential. ISS recommends that stockholders vote the BLUE proxy card FOR the election of Snow Park's highly-qualified and independent nominees - Lazar Nikolic and Jeffrey Pierce - to Front Yard's Board of Directors at the company's upcoming annual meeting on May 23. ISS also recommends that stockholders WITHHOLD votes from management's incumbent director nominees Rochelle Dobbs and Wade Henderson, two current members of the governance committee who have failed to address Front Yard's anti-stockholder restrictions and policies.

06:17 EDT Toshiba plans to replace majority of board, add international business execs - Toshiba said in a statement that it is proposing to replace a majority of its board and add more international business executives. The proposed directors include George Raymond Zage III, CEO of Tiga Investments Pte Ltd, Toshiba said. According to the company, the new Toshiba board will include five international directors and would increase the number of independent directors to 10 from seven. Reference Link

06:10 EDT Lonestar Resources sees Q2 production 12,400-12,800 Boe/d

06:08 EDT KVH Industries announces sale of Videotel for $90M - KVH Industries announced that it has sold its maritime training business, the Videotel group of companies, to an affiliate of Oakley Capital for a base purchase price of $90M, on a cash-free, debt-free basis, subject to working capital adjustments. The sale was completed immediately upon execution of definitive agreements. Management expects to issue revised financial guidance for the second quarter and full fiscal year of 2019 reflecting the sale of Videotel, along with select pro forma disclosures, on or about May 15, followed by an investor conference call. In light of the anticipated financial impact of the transaction, investors should no longer rely on the guidance previously issued by KVH, which included anticipated revenues and expenses of the Videotel business. KVH is analyzing whether the Videotel business will be reported as a discontinued operation in its future financial statements.

06:03 EDT Exelixis: Daiichi Sankyo launches MINNEBRO tablets in Japan - Exelixis announced its partner, Daiichi Sankyo Company, has launched MINNEBRO tablets as a treatment for patients with hypertension in Japan. With Daiichi Sankyo's first commercial sale of MINNEBRO, Exelixis will receive an associated $20M milestone payment from Daiichi Sankyo under the terms of the companies' collaboration agreement. Exelixis anticipates receiving the payment during the second quarter.

06:01 EDT Amazon.com announces expansion of Delivery Service Partner program in U.S. - Amazon announced the expansion of its Delivery Service Partner program in the U.S. with a new incentive for current Amazon employees to start a small business owning and operating a package delivery company. The new incentive will fund the startup costs, up to $10,000, as well as the equivalent of three months of the former employee's last gross salary so employees-turned-business-owners can more easily get their package delivery companies off the ground. Amazon's new incentive will fund the startup costs, up to $10,000, for its employees-turned-small business-owners in the U.S. who want to build their own delivery companies. Amazon will also provide financial support with a payment equal to three months of the former employee's last gross salary while they build their new package delivery business.

05:18 EDT Masimo, Mindray announce expanded partnership - Masimo and Shenzhen Mindray Bio-Medical Electronics announced today that they have entered into a purchase and license agreement, under which Mindray will offer Masimo SET Measure-through Motion and Low Perfusion pulse oximetry - noninvasive, continuous measurement of oxygen saturation, pulse rate, and perfusion index - in its monitoring devices. Mindray devices equipped with SET will now be available in select countries in Europe, the Middle East, Russia and the Commonwealth of Independent States, and Asia-Pacific, excluding China, including Australia and India.

05:15 EDT Anadarko announces LNG sale, purchase agreement with JERA, CPC - Anadarko Petroleum announced Mozambique LNG1 Company, the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement, or SPA, with JERA and CPC Corporation, Taiwan. "The SPA calls for the delivered ex-ship supply of 1.6 million tonnes per annum for a base term of 17 years from the commercial start date. Mozambique LNG's portfolio of long-term sales now includes four of the top five LNG importing markets in the world."