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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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BoE's Cunliffe Favors Action Sooner Than Later



The UK central bank should take action to tackle risks to financial stability sooner than later if lending starts to grow faster than national output, Bank of England Deputy Governor Jon Cunliffe said Tuesday. "Given the vulnerability that already exists and the powerful drivers in the UK, particularly...
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Fortis-ITC-020916.jpg

Fortis To Acquire ITC Holdings In $11.3 Bln Deal



Transmission 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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Chesapeake Energy Corp. (CHK) Sank To A New Low After Volatile Session



Chesapeake Energy Corp. (CHK) gapped open lower Monday and declined until around mid-morning, before trading was halted. The early weakness was caused by media reports that it had hired restructuring attorneys. The stock bounced back after it stated that it currently has no plans to pursue bankruptcy...
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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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Wellcare Health Plans Q4 15 Earnings Conference Call At 9:30 AM ET



Wellcare Health Plans Inc (WCG) will host a conference call at 9:30 AM ET on February 9, 2016, to discuss Q4 15 earnings results. To access the live webcast log on to http://ir.wellcare.com/event To listen to the call, dial 1-888-492-3724 (U.S) or 1-412-542-4185 (International). For a replay...
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Economic Calendar
DateIndicatorPeriodCountry
02/09/16 6:0Trade BalanceDEC Latvia
02/09/16 6:0ImportsDEC Latvia
02/09/16 6:0ExportsDEC Latvia
02/09/16 5:0Industrial Production (M-o-M)DEC Greece
02/09/16 5:0Industrial Production (Y-o-Y)DEC Greece
02/09/16 4:30ExportsDEC Slovenia
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