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Mylan N.V. (MYL) on Monday rejected Teva Pharmaceutical's (TEVA) $40 billion acquisition offer as it undervalues the company and carries antitrust risks, dashing Teva's hopes for a deal that will help it dominate the global generic drug space. In a statement, Mylan said Teva's offer includes low-quality,...

Plantronics, Inc. (PLT) reported net income for the fourth quarter of $25.8 million or $0.61 per share, compared to $27.9 million or $0.65 per share for the year-ago quarter. Excluding items, adjusted earnings per share for the fourth quarter were $0.72, compared with $0.74 in the prior year quarter. Net...

Towers Watson & Co. (TW) said Monday that it has bought Saville Consulting, an international psychometric assessment business, for £42 million. Saville Consulting's occupational psychology expertise and proprietary software helps organisations recruit and develop talented individuals and teams. Its...

Grocery chain operator Kroger Co. (KR) said that under new arrangements with its dunnhumbyUSA joint venture partner - dunnhumby Ltd., the two partners will replace their existing exclusive joint venture with a new long-term license and service agreement. This includes the acquisition of certain assets...

Genmab A/S (GNMSF.PK) announced that the top-line results from the Phase III COMPLEMENT 2 study showed that treatment with Arzerra(r) (ofatumumab) plus fludarabine and cyclophosphamide met the primary endpoint of improved progression-free survival or PFS in patients with relapsed CLL (p = 0.0036) compared...

Teva Pharmaceutical Industries Ltd. (TEVA) reiterated its commitment to its proposed combination with Mylan N.V. (MYL). Earlier today, Mylan said that it rejected the unsolicited expression of interest from Teva to acquire Mylan. On April 21, 2015, Teva has proposed to acquire Mylan for $82.00...

RDG Capital Fund Management, a significant shareholder of Internap Corp. (INAP), announced that it strongly recommended the Board of the company retain a nationally recognized investment banking advisor to explore strategic alternatives to maximize shareholder value, including a potential sale or merger. In...

Mylan N.V. (MYL) announced Monday that it has rejected the unsolicited expression of interest from Teva Pharmaceutical Industries Ltd. (TEVA) to acquire Mylan. The Mylan Board concluded the approach did not meet any of the key criteria that would cause the Mylan Board to depart from the Company's...

MannKind Corporation (MNKD) announced that it will begin to manufacture a 12 unit cartridge strength of AFREZZA (insulin human) Inhalation Powder to improve glycemic control in adult patients with diabetes. The company stated that the 12 unit cartridge was approved by the U.S. Food and Drug Administration...

OSI Systems, Inc. (OSIS) reported net income for the third quarter of $13.2 million, or $0.64 per share, compared to $4.8 million, or $0.23 per share, for the third quarter of prior fiscal year. On a non-GAAP basis, net income for the third quarter of fiscal 2015 would have been $15.9 million, or $0.78...

China Jo-Jo Drugstores, Inc. (CJJD) said its subsidiary, Hangzhou Jiuzhou Grand Pharmacy Chain Co., Ltd. has signed a new sales incentive agreement with Wyeth Pharmaceutical Company, Ltd., a wholly owned subsidiary in China of Pfizer Inc. (PFE). The purpose of the agreement is to double the sales...

Mercury General Corp. (MCY) reported that its net income for the first quarter of 2015 dropped to $26.17 million from $72.65 million in the prior year. On a per basis, net income was $0.47 down from $1.32 last year. Operating income for the quarter declined to $0.59 from $0.77 in the previous year. Total...

MUFG Americas Holdings Corporation (MTU), parent company of San Francisco-based MUFG Union Bank, N.A., reported first-quarter net income to company of $137 million, compared to $172 million for the year-ago quarter. Net interest income was $683 million, flat with prior year. Non-interest income increased...

Gainers: iGATE Corp. (IGTE) is gaining over 3 percent to $47.43 as Capgemini (CGEMY.PK, CAPP) has agreed to acquire the US-based technology and services company in a $4 billion deal. Capgemini has agreed to acquire IGATE for $48 per share. Apple Inc. (AAPL) is rising over 1 percent to $132.03. Decliners: Deutsche...

Bristol-Myers Squibb Co. (BMY) announced that primary endpoints were successfully met in ALLY-1, a Phase III clinical trial evaluating a 12-week regimen of daclatasvir and sofosbuvir once-daily with ribavirin for the treatment of patients with chronic hepatitis C virus (HCV) with either advanced cirrhosis...

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