Arbor Pharmaceuticals to Acquire XenoPort
Acquisition expands neurology product portfolio
Enhances sales infrastructure
Business Wire XenoPort, Inc.
3 hours ago
Arbor Pharmaceuticals to Acquire XenoPort .
Arbor Pharmaceuticals to Acquire XenoPort
ATLANTA & SANTA CLARA, Calif.--(BUSINESS WIRE)--
Arbor Pharmaceuticals, LLC (Arbor) and XenoPort, Inc. (XenoPort) (XNPT) announced today that they have signed a definitive agreement under which Arbor will acquire XenoPort for $7.03 per share in cash, or a total equity value of approximately $467 million. The purchase price per share represents a 60 percent premium to the closing price of XenoPort shares on May 20, 2016.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160523005513/en/
“We are pleased to be adding HORIZANT and the XenoPort pipeline to the growing portfolio of Arbor products,” said Ed Schutter, President and Chief Executive Officer of Arbor. “We believe that XenoPort’s lead product HORIZANT offers patients and physicians a valuable treatment option for moderate-to-severe primary restless legs syndrome and postherpetic neuralgia. The XenoPort sales team has done an excellent job of growing HORIZANT, and we look forward to supporting them to continue this significant momentum.”
lawwman719 • May 17, 2016 9:20 AM
5users liked this postsusers disliked this posts0Reply
Big big news!!
Jefferies very bullish puts $130 target, and very positive news out of Austin Texas conference this morning also!!
Di you notice the very high volume on BX the last 3 trading days last week?? could be a volume reversal to the upside..and the stocastics are showing a buy.. so will see what happens.. Need a favorable market...the DJI stocastics are in extreme oversold per the chart service stockcharts... check it out..good charts there..
Just wait of Invitation Properties !!!!! and many others...Blackstone selling 50 percent stake in Santa Monica office complex for $500 million
May 20, 2016, 2:39pm PDT
INDUSTRIES & TAGS Commercial Real Estate
put them all on IGNORE that talk trash and those who continually respond as just as bad and are on IGNORE..sorry to post this but people never learn....
No one mentions Invitation Homes ???? BX bought over 50,000 homes at depressed prices and will make BIG PROFITS sometime... heard it is valued at 11 to 13 BILLION a I remember.. NXPI will be a big winner and HLT too
Just months after buying its portfolio of US luxury hotels in December, Blackstone is selling it to the Chinese owner of New York’s Waldorf Astoria for $6.5 billion. China’s Anbang Insurance Group is close to acquiring Strategic Hotels & Resorts. Blackstone is expected to turn at least $450 million in profits after taking the company private in December.
Why is it just on the radar screen for the shorts and not for any buyers?????? A lot of big money is in the field and can get things done faster and better...when are they filing? I bet there will be delays, etc and excuses..??
Merrill Fund Manager Survey: Full Of Bears; Dollar, Gold Undervalued
By Shuli Ren
This month’s fund manager survey conducted by Bank of America Merrill Lynch is disheartening.
“If you go down to the woods today, it will be full of bears,” noted Merrill. Investors are positioning for a “summer of shocks”, storing 5.5% of their portfolio in cash. Only 12% surveyed are taking “higher than normal” risk, Merrill finds.
China is now no longer the world’s biggest black swan – the Queen is! Brexit is now perceived as the biggest tail risk by 27% of those surveyed. “China devaluation/defaults” risk follows with 21% of the votes. “Quantitative failure” comes third with 15% of the votes. Regardless, when asked how they think the Chinese real economy will evolve over the next 12 months, an overwhelming net 50% said down versus a net 22% in April.
It may be too late to get into emerging markets now. Relative positioning of emerging markets versus developed markets has recovered to a 3-year high. In other words, investors have already closed their Underweight positions in emerging markets stocks.
The biggest driver of equity prices in the next 6 months will be oil prices and the U.S. dollar, with 27% and 25% of the votes. A net 12% of investors now think the U.S. dollar is undervalued, the highest reading in 10 months.
Long yen continues to be a crowded trade, although a net 20% of investors think the yen is overvalued, the highest reading in 19 months.
Interestingly, even though gold is up 20% in 2016, a net 8% of investors still think gold is undervalued, a positive sign for the asset.
Investors are not feeling excited about U.S. stocks. Allocation to US equities fell to net 18% Underweight from net 10% Underweight last month. They are now Underweight in US equities for 15 months.
Companies are all doing it wrong, fund managers complained. A record 73% of investors think companies are currently under-investing in their businesses, i.e., too little capital expenditure, and a net 17% of investors think corporate payout ratios (including dividends and buybacks) are too high. In other words, financial engineering can get you only so far. Why don’t companies retain their earnings and grow their businesses instead?
Year-to-date, the iShares MSCI Emerging Markets ETF (EEM) is up 1%. Year-to-date, the iShares MSCI Japan ETF (EWJ) has fallen 4.2%, the SPDR Gold Trust (GLD) has jumped 20.5%, the SPDR S&P 500 ETF Trust (SPY) has gained 1%, and the Powershares DB US Dollar Index Bullish Fund (UUP) has dropped 4.6%.
Instant Analysis: NXP Semiconductors N.V. Just Took a Big Step Into Driverless Cars
The company's new BlueBox autonomous driving driving system could bring driverless cars to the road in just four years.
Nxp Driverless Car Bluebox
IMAGE SOURCE: NXP SEMICONDUCTORS.
This week, NXP Semiconductors N.V. (NASDAQ:NXPI) revealed its off-the-shelf autonomous driving system called BlueBox. It's big news from the company because NXPI says the system will allow automakers "design, manufacture, and sell" Level 4 self-driving cars by 2020.
Right now, most semi-autonomous systems only reach Level 2 or Level 3 automation, while Level 4 automation is effectively complete autonomy where the vehicle maintains controls at all time with no expectation of the driver being available for control.
BlueBox includes NXPs semiconductors for processing power, along with radar, lidar, and on-board vehicle-to-everything (V2X) communication sensors. The system is also open-sourced, so automakers can make adjustments to it as they see fit.
Does this matter for shareholders?
This is a very important move both for the company and the driverless car industry. After its purchase of Freescale Semiconductor last year, NXP is now the No. 1 semiconductor manufacturer and is already a leader in advanced driver assistance systems (ADAS). The release of BlueBlox means NXP will be able to leverage its position in the automotive market to better compete with other companies that are building autonomous driving platforms, namely NVIDIA (NASDAQ:NVDA).
Eighty automakers and Tier 1 suppliers are already using NVIDIA's Drive PX and Drive PX 2 driverless car platforms, and the company is already a leading provider of GPUs for in-car infotainment systems. NXP said in a press release that four out of the five largest automakers have already been testing BlueBox since September 2015, and the company's dominant position in the automotive semiconductor segment means it should have a smooth transition into getting BlueBox into more carmakers' hands.
The driverless car technology market is expected to grow to $42 billion by 2025, according to Boston Consulting Group. NXP is in a perfect position to benefit from this growth with its current automotive semiconductors, and especially now with the unveiling of BlueBox.
Asia’s richest man quietly paid a visit to Barack Obama
FILE - In this Nov. 18, 2015 file photo, Alibaba founder Jack Ma speaks at the CEO Summit, attended by 800 business leaders from around the region representing U.S. and Asia-Pacific companies, in Manila, Philippines, ahead of the start of the Asia-Pacific Economic Cooperation summit. An investigation by The Associated Press has found that the president of an influential anti-counterfeiting group owns Alibaba stock, has close ties to a key Alibaba vice president and uses family members to run his coalition. (AP Photo/Susan Walsh, File)
Content of the meeting: ¯\_(ツ)_/¯ (AP Photo/Susan Walsh)
47 mins ago
Jack Ma, founder and chairman of Chinese e-commerce giant Alibaba, met with US president Barack Obama today (May 17) at the White House.
In brief remarks to reporters, Ma, who in April became Asia’s richest man after an Alibaba affiliate raised a new financing round, said his meeting with Obama was “very good.”
An Alibaba representative confirmed Ma had a closed-door meeting at the White House that was not publicly listed in the president’s schedule. The two also had lunch together. The company declined to discuss the nature of their conversations.
In October, Obama and Ma shared a stage at the Asia Pacific Economic Cooperation, where they discussed climate change and the role government and businesses can play in supporting entrepreneurs. “Government is simple—just reduce the tax, or no tax, for these guys,” Ma said to applause and laughter from the audience.
Sentiment: Strong Buy
think BX needs some good positive news to move out of this range..some big deals need to be finalized like the 6.5 BILLION hotel sale as they may be some problems .. Need their holdings to increase a lot for valuation at end of quarter.. HLT and NXPI need to go higher.
I have a feeling IPCI is desperate and is selling stock to raise money... I was foolish to ad at 2.24 awhile back.. stupid me....Lost faith in IPCI and stuck now.. Hard to watch it keep going down.. Interviews done help!!!.. No One is interested in this company...
they dont have any money to advertise!!! Speculators have ridden it up several times and dumped it .. $1.87 does not translate to good work IPCI....camt believe they pay 12% for the loan from the management....
Amid the recent volatility in the markets, investors have been pulling funds out of equities.
"The 2015 retreat from US equities by retail investors appeared to be fading as 2016 got off to a less onerous start," Credit Suisse's Lori Calvasina said on Thursday. "But the improving trend has reversed, with severe outflows seen in April."
According to a new report from Bank of America Merrill Lynch, equity funds saw $7.4 billion in outflows in the past week.
.It's an equity exodus. (Image: Bank of America Merrill Lynch)
It's an equity exodus. (Image: Bank of America Merrill Lynch)
The cumulative outflow from equity funds over the past five weeks was $44 billion. BAML's Michael Hartnett, who characterized this as an "equity exodus," noted that this was the largest redemption over a 5-week period since August 2011.
So where is that money going?
In the past week, $3.5 billion went into bond funds and $1.0 billion went in to precious metals funds, which offer exposure to gold. There was also $10.9 billion poured into money market funds, the largest inflow in 13 weeks.
In other words investors are playing the safe-haven assets.
And it's not just the US experience an outflow in equity funds.
"Flows to international equity funds turned negative, while outflows from Europe funds persisted," Calvasina observed.
The S&P 500 (^GSPC) hasn't done much since late March, rally on some days and falling on others.
Experts ranging from hedge fund managers to Wall Street equity strategists have become increasingly weary of the markets.
"While the current recovery cycle is often cited for its long duration (fourth longest since 1900), the fact that organic growth has been weak and unbalanced is often understated," JPMorgan's Dubravko Lakos-Bujas said in a note to clients on Wednesday.