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Calgon Carbon Corp.n (CCC), a manufacturer of activated carbon, and Japan-based Kuraray Co., Ltd. announced Thursday that they have entered into a definitive merger agreement, under which Kuraray will acquire Calgon Carbon for $21.50 per share in cash. This equates to an equity value of approximately...

Merck KGaA (MKGAY.PK) and Pfizer Inc. (PFE) announced the European Commission has granted marketing authorization for BAVENCIO (avelumab) as a monotherapy for the treatment of adult patients with metastatic Merkel cell carcinoma, a rare and aggressive skin cancer. BAVENCIO will have marketing authorization...

IG Group Holdings plc. (IGG.L) reported that its revenue for the first quarter of its 2018 financial year rose 21% to 135.2 million pounds from last year's 111.4 million pounds. The prior year period was impacted by proactive management actions to protect clients from the extreme volatility at the time...

Mitchells & Butlers plc (MAB.L, MLB) reported that its total sales have increased by 2.9% in the 51 weeks ended 16 September 2017. Like-for-like sales were up 1.8% during the period. Mitchells & Butlers expects to deliver a full year performance in line with the Board's expectations. The Group noted...

Building materials group CRH plc (CRH, CRH.L) announced Thursday that it has reached an agreement to acquire Ash Grove Cement Co., a US cement manufacturer, for a total consideration of $3.5 billion. The proposed transaction is subject to Ash Grove shareholder and regulatory approvals and will be...

Compass Group Plc (CPG.L, CMPGF.PK) announced that Richard Cousins has decided to step down from his role as Group CEO on 31 March 2018 and to retire from the Group on 30 September 2018. He will be succeeded by Dominic Blakemore, currently Chief Operating Officer Europe. Dominic will become Deputy Chief...

German re-insurer Hannover Re AG (HVRRY.PK, HVRRF.PK) Thursday announced that its profit guidance is at risk, which means that the targeted Group net income of more than 1 billion euros may not be achieved. According to the firm, its defined large loss budget of 825 million euros is expected to exceed,...

Japanese conglomerate Toshiba Corp.'s (TOSYY.PK, TOSBF.PK) board agreed to sell its flash memory chip unit to a group led by Bain Capital for 2 trillion yen or $18 billion, taking an important step toward ending a contentious bidding process that has stretched over eight months. Under the procedure...

Nicox S.A. (NICXF.PK), a French ophthalmic company, announced Thursday that its subsidiary Nicox Ophthalmics, Inc. has entered into an exclusive licensing agreement with Eyevance Pharmaceuticals LLC, for the commercialization of ZERVIATE (cetirizine ophthalmic solution) 0.24%, in the US. Under the...

Shares of Adobe Systems (ADBE) continue to see significant weakness in late-day trading on Wednesday, slumping by 4 percent.

Shares of Alnylam Pharmaceuticals (ALNY) continue to see substantial strength in afternoon trading on Wednesday, with the biopharmaceutical company surging up by 48.7 percent.

After gapping open sharply lower, shares of Bed Bath & Beyond (BBBY) continue to see significant weakness in afternoon trading on Wednesday.

Shares of L Brands (LB) have come under pressure during trading on Wednesday, slumping by 4.7 percent.

After an early move to the downside, shares of Western Digital (WDC) have climbed off their worst levels of the day but remain firmly in the red in afternoon trading on Wednesday.

Shares of FedEx (FDX) have moved to the upside over the course of the trading session on Wednesday, climbing by 2.3 percent.

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