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Alibaba-backed Best Logistics filed for an initial public offering of American depositary shares to raise up to $750 million. Logistics companies delivered 31 billion parcels in China last year, 50 per cent higher than in the previous year. Best Logistics will be known as Best Inc in the US. Alibaba...

Neothetics Inc. (NEOT) announced safety and efficacy results from its Phase 2 proof-of-concept trial, LIPO-202-CL-31, for the reduction of submental subcutaneous fat. LIPO-202 did not demonstrate improvement on any efficacy measurements or separation from placebo. LIPO-202 continued to show a benign...

STORE Capital Corp. (STOR) said that Berkshire Hathaway has invested $377 million in the company, representing 9.8% of total shares outstanding. In the transaction, STORE Capital issued 18.6 million shares of company stock in a private placement to a wholly owned subsidiary of Berkshire Hathaway at a...

Sinovac Biotech Ltd. (SVA) Monday said it has entered into a definitive amalgamation agreement with the parent Sinovac (Cayman) Limited and Sinovac Amalgamation Sub Limited to be acquired by Parent in a transaction valued at approximately $401.8 million. Pursuant to the Amalgamation Agreement, Parent...

Osiris Therapeutics Inc. announced that it appointed Linda Palczuk, age 55, to serve as President and CEO, effective July 10, 2017. She will stand for election to the Board of Directors at the next shareholder meeting. Palczuk had an extensive and successful 30 year career with AstraZeneca Pharmaceuticals...

Commercial Metals Company (CMC) announced that effective September 1, 2017, Barbara Smith will assume the role of President and Chief Executive Officer of the Company and become a member of the board of directors. Ms. Smith has been the Company's President and Chief Operating Officer since January...

Invacare Corp. (IVC) announced the closure of its Suzhou, China, manufacturing facility, effective June 26, 2017. The company has transferred production from the Suzhou facility to Invacare operations located closer to its regional customers. The closure is expected to generate an incremental $4.0...

Philip Morris International Inc. (PMI) announced Monday a plan to invest an additional approximately 500 million euros to expand capacity at the company's smoke-free product manufacturing facility in Crespellano in Italy. The investment would create up to 600 new jobs. With the investment, the company...

Sonoco (SON) said that it agreed to acquire 100 percent of the stock of Clear Lam Packaging, Inc., a family-held developer and manufacturer of flexible and forming plastic packaging films for approximately $170 million in cash. The transaction is subject to normal regulatory review and is expected...

The Hartford said that it has entered into an agreement with Prudential Financial Inc. (PRU) for the company's pension plan to purchase a group annuity contract and transfer $1.6 billion, or 29 percent of The Hartford's $5.6 billion in U.S. qualified pension plan liabilities. The agreement will transfer...

Martin Marietta Materials Inc. (MLM), a supplier of building materials, announced Monday that it has entered into a definitive agreement to buy Bluegrass Materials Co. for $1.625 billion in cash. Bluegrass, a unit of Panadero Aggregates Holdings, LLC, is the largest privately-held, pure-play aggregates...

Takeda Pharmaceutical Company Limited (TKPYY.PK) and Seattle Genetics Inc. (SGEN) announced that the Phase 3 ECHELON-1 clinical trial met its primary endpoint of a statistically significant improvement in modified progression-free survival or PFS versus the control arm. ECHELON-1 is a randomized, multicenter...

Supervalu Inc. (SVU) said Monday that Bruce Besanko has informed the company's Board of Directors of his intention to resign his positions as Executive Vice President, Chief Operating Officer and Chief Financial Officer effective July 5, 2017 to pursue an opportunity outside the Company. The company...

Alnylam Pharmaceuticals, Inc. (ALNY), a RNAi therapeutics company, announced Monday new positive clinical results for Givosiran (ALN-AS1), an investigational RNAi Therapeutic for the treatment of acute Hepatic Porphyrias. The company said it plans to initiate Phase 3 Clinical Program in late 2017. The...

Rio Tinto Plc (RIO.L, RIO, RTNTF.PK) Monday confirmed Yancoal as the preferred buyer of its thermal coal assets in Australia. Rio Tinto said it prefers Yancoal for the high level of completion certainty and a further improved offer of $2.69 billion. Rio Tinto board has recommended its shareholders...

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