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Fortis-ITC-020916.jpgTransmission utility ITC Holdings Corp. announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. in a deal valued at approximately $11.3 billion. ITC shareholders will receive $22.57 in cash and 0.7520 Fortis shares per ITC share.
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BCRX Heartbroken, FLML Opens Wallet, SRPT In The News, CUTR Optimistic



Shares of BioCryst Pharmaceuticals Inc. (BCRX) cratered over 71% on Monday, following disappointing results from a 12-week, three-arm, parallel cohort design trial of orally-administered Avoralstat in patients with hereditary angioedema.
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Ahead Of Henry Schein Q4 Results



Health care products and services provider Henry Schein Inc. (HSIC) is likely to release its fourth-quarter numbers before the bell on Wednesday, February 10, 2016. Consensus estimate calls for earnings of $1.65 per share on revenue of $2.82 billion for the quarter, according to analysts compiled by Thomson Reuters. Analysts' estimate typically exclude certain special items.
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U.S. Wholesale Inventories Edge Slightly Lower In December



With a drop in inventories of durable goods more than offsetting an uptick in inventories of non-durable goods, the Commerce Department released a report on Tuesday showing a modest decrease in U.S. wholesale inventories in the month of December.
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M&A

SL Industries Gets Revised Takeover Offer From Handy & Harman - Quick Facts



SL Industries, Inc. (SLI) said that it has received a revised non-binding proposal from Handy & Harman Ltd. (HNH), a publicly traded Nasdaq company, to acquire all its outstanding shares of common stock. Under the terms of the revised proposal, Handy & Harman has proposed to pay $35.50 per share...
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Cambrex Corp. (CBM) Is Climbing On Strong Q4 Earnings



Cambrex Corp. (CBM) reported fourth quarter adjusted income from continuing operations of $1.01 per share Tuesday morning, compared to $0.64 per share last year. Analysts expected EPS of $0.83. Cambrex gapped open higher Tuesday and is now up 5.43 at $38.13 on above average volume. The stock has jumped to a 2-week high.
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Editas Medicine Price IPO Of 5.9 Mln Shares At $16, Low End Of Expected Range



Editas Medicine, Inc., a genome editing company, today announced the pricing of its initial public offering of 5.9 million shares of common stock $16.00 per share, before underwriting discounts and commissions. In January, the company anticipated that the initial public offering price will be between...
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Xerox To Participate In Goldman Sachs Technology Conference At 1:20 PM ET



Xerox Corp. (XRX) will present at the Goldman Sachs Technology and Internet Conference. The event is scheduled to begin at 1:20 PM ET on February 9, 2016. To access the live webcast, log on to https://cc.talkpoint.com/gold006/020916a_ae/?entity=34_27IESMT
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Economic Calendar
DateIndicatorPeriodCountry
02/09/16 10:0Inventories (M-o-M)DEC United States
02/09/16 10:0Inventories (Y-o-Y)DEC United States
02/09/16 10:0Wholesale Inventories - Sales RatioDEC United States
02/09/16 10:0Wholesale Sales (M-o-M)DEC United States
02/09/16 10:0Wholesale Sales (Y-o-Y)DEC United States
02/09/16 10:0Official Foreign ReservesFEB 5 Mexico
More Economic Calendar Data