General Motors Company (NYSE:GM) tries to make charm in street, as shares traded at $37.24 with increases of 4.84% in last trading session. German Economy Minister Brigitte Zypries said she expected a deal between France’s PSA Group and the Opel unit of General Motors, and that German officials had held talks with senior managers in the two companies.”I expect it to take place,” she told reporters on the sidelines of an energy association event in Berlin, adding she called it a “merger” rather than a takeover.
“We are doing everything we can to ensure that the site remains, and above all so that research remains in Germany. That is our top goal,” she said. Handelsblatt business daily declared the economy minister of the German state of Rhineland Palatinate, Volker Wissing, as saying “there are opportunities if PSA gets on board.” The state is home to an Opel plant in Kaiserslautern. The firm has annual sales growth for the past five year of 2.10%. While past twelve months price to sales ratio recorded as 0.33 and price to cash ratio remained 2.24.
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Shares of Cigna Corporation (NYSE:CI) eased up 0.57% to finish at $146.68 in last run as Cigna (CI) in a regulatory filing confirmed that on February 15, 2017, the Chancery Court granted Anthem’s motion for a temporary restraining order and issued an order temporarily enjoining the Company from terminating the Merger Contract.
This is not a decision on the merits of the case, but rather a procedural order to ensure irrevocable actions do not take place before the Chancery Court’s substantive review of the issues. Cigna respects the Chancery Court’s decision and will continue to abide by terms of the Merger Contract until the Chancery Court further reviews the case. A hearing will be slated the week of April 10 and we look forward to more fully briefing the Chancery Court at that time.
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Capricor Therapeutics, Inc. (NASDAQ:CAPR) was among the mix trends movers as shares jumped up 6.03% to $2.99. Capricor Therapeutics, Inc. (NASDAQ: CAPR) declared that it has elected to terminate its license contract with the Mayo Clinic relating to natriuretic peptide receptor agonists, including Cenderitide.
“Our decision to return these rights is a strategic move as we prioritize our efforts to advance our core cell and exosome-based therapeutic development programs,” said Dr. Linda Marbán, Ph.D., president and chief executive officer.
“We enter 2017 with the anticipation of several key events to occur this year. These include our expected announcement early next quarter of top-line results of our randomized Phase I/II HOPE clinical trial of CAP-1002 (allogeneic cardiosphere-derived cells) in people with Duchenne muscular dystrophy (DMD)-associated heart disease, as well our expectation to clinically evaluate CAP-1002 for its ability to improve peripheral and respiratory muscle in DMD in a trial that is currently being planned. We are also committing surged attention to our exosomes program, and we expect to file an Investigation New Drug application for CAP-2003 (cardiosphere-derived cell exosomes) in the second half of this year,” added Dr. Marbán. The stock outstanding shares were 22.05. Having a prescribed look on price to sales ratio, that was 15.70.
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