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EXOR noted the decision by the Board of Directors of PartnerRe Ltd. (PRE) to abandon its prior agreement and accept a revised but still inferior transaction from AXIS Capital Holdings Limited (AXS), in preference to EXOR's own proposal. EXOR said it remains fully committed to $6.4 billion offer for PartnerRe. The...

Isis Pharmaceuticals Inc. (ISIS) said it has entered into an exclusive license agreement with Bayer HealthCare to develop and commercialize ISIS-FXIRx for the prevention of thrombosis. As per the terms of the agreement, Isis is eligible to receive up to $155 million in near-term payments, including...

Medical devices maker St. Jude Medical, Inc. (STJ) said it has completed the acquisition of Spinal Modulation, Inc., developer of the Axium Neurostimulator System. The acquisition was completed on May 1. With the closing of the acquisition, St. Jude Medical has become the only medical device manufacturer...

Sally Beauty Holdings, Inc. (SBH) announced that the company is currently investigating reports of unusual activity involving payment cards used at some of U.S. Sally Beauty stores. In the issued statement, the company said: "Since learning of these reports, we have been working with law enforcement...

Canadian Pacific (CP, CP.TO) announced that it has appointed Mark Erceg as its Executive Vice-President and Chief Financial Officer effective May 18, 2015. Erceg joins CP from Masonite International Corp. where he had been Executive Vice-President and Chief Financial Officer since 2010. Erceg brings...

Health Net Inc. (HNT) announced 2015 first quarter GAAP net income of $30.0 million, or $0.38 per share, up from $28.8 million or $0.36 per share, for the first quarter of 2014. In the first quarter of 2015, Health Net incurred $47.3 million of pretax expenses primarily related to its previously announced...

McDonald's Corp. (MCD) announced the initial steps of its turnaround plan including a restructuring of its worldwide business and financial updates. It expects to refranchise 3,500 restaurants by the end of 2018, accelerating the pace of refranchising and increasing the global franchised percentage from...

HC2 Holdings Inc. (HCHC) announced that it has sent a letter to MCG Capital Corporation proposing to acquire 100% of the common stock of MCGC on a fully-diluted basis in a cash and stock transaction in which stockholders of MCGC would receive $5.00 for each share of MCGC common stock outstanding. HC2...

Cisco Systems Inc. (CSCO) announced the appointment of Chuck Robbins as Chief Executive Officer or CEO effective July 26, 2015. Robbins was also elected to the Board of Directors of Cisco, effective May 1, 2015. Commenting on Robbins, the company said he joined Cisco in 1997 and has moved quickly...

CIT Group Inc. (CIT) said that CIT Real Estate Finance has provided a $57.5 million senior secured loan to a joint venture between Brooklyn-based real estate company RedSky Capital LLC, London-listed private equity fund JZ Capital Partners, and other investors to acquire property along the Brooklyn waterfront. The...

Patterson Companies, Inc. (PDCO) announced a definitive agreement to acquire Animal Health International, a leading production animal health distribution company in the United States, for approximately $1.1 billion in cash. The company said the acquisition will more than double the size of its veterinary...

Casino operator MGM Resorts International (MGM) said first-quarter net income attributable to the company was $169.85 million, or $0.33 per share, compared to $102.65 million, or $0.20 per share in the previous year. On average, 17 analysts polled by Thomson Reuters expected earnings of $0.14 per...

Ares Capital Corp. (ARCC) reported that its net income for the first quarter of 2015 was $100.6 million or $0.32 per share, down from $116.99 million or $0.39 per share in the prior year. Core earnings per share decreased to $0.37 from $0.38 last year. But, total investment income for the quarter...

Alaska Air Group Inc. (ALK) Monday announced a 9.8 percent increase in traffic for April to 2.735 billion revenue passenger miles, while capacity expressed in available seat miles climbed 13.2 percent to 3.273 billion. Passenger load factor was down 2.5 points at 83.6 percent. Alaska Airlines reported...

Power Integrations (POWI) announced that Raja Petrakian has joined the company as Vice President, Operations. In the role, Petrakian will oversee the company's global supply-chain and logistics functions as well as its product- and test-engineering efforts. He replaces John Tomlin, who is retiring from...

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