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5:46 am European Markets : FTSE...6774.99...+21.20...+0.30%. DAX...11023.99...+22.70...+0.20%. 5:46 am Asian Markets : Nikkei...20046.36...-49.90...-0.30%. Hang Seng...26687.64...-301.90...-1.10%. 4:31 am Taiwan Semi reports May revs increased 15.4% YoY to NT$70.16 bln (TSM) : This is a sequential decline of 6.9% 4:17 am NASDAQ and Stellar Trading Systems to introduce connectivity to Nasdaq Futures allowing access to key energy futures in mid-2015 (NDAQ) : Stellar Trading Systems and Nasdaq announce that Stellar will introduce connectivity to Nasdaq Futures, following the official launch of the NFX platform in mid-2015. NFX is the exchange group's U.S.-based designated contract market, offering futures and options on key energy benchmarks, which includes oil, natural gas and U.S. power. 4:04 am On The Wires (:WIRES) : - Ruckus Wireless (RKUS) and The Cloud, a Sky company, announced that the The AMEX is providing an exceptional interactive user experience with the recent deployment of a Ruckus Smart WiFi network.
- Logitech (LOGI) announced the Logitech Wireless Touch Keyboard K400 Plus, a living room keyboard that lets you control your computer screen on your TV.
3:14 am HCC Insurance to be acquired by Tokio Marine Holdings for $78.00 in cash per share (HCC) : Tokio Marine Holdings and HCC Insurance Holdings (HCC) announced that they have entered into a definitive agreement under which TMHD will acquire all outstanding shares of HCC, a U.S. insurance holding company comprising property & casualty, accident & health and other specialty insurance businesses, for $78.00 in cash per share
- The acquisition price of $78.00 per share represents a 35.8% premium to HCC's average share price over the past one month and a 37.6% premium to the share price as of close of business on June 9, 2015.
- HCC is permitted to continue to pay regular quarterly cash dividends of up to $0.295 per share, per quarter
- The consummation of the transaction is not subject to any financing condition.
2:50 am Target confirms a 7.7% increase to its quarterly dividend to $0.56/share and a $5 bln expansion of its share repurchase authorization (TGT) : Co has approved an expansion of its current share repurchase authorization from $5 billion to $10 billion. Under this authorization, through the first quarter of 2015, the company had invested a total of $3.7 billion to retire 56.9 million shares at an average price of $65.06 per share. 2:41 am On The Wires (:WIRES) : - CTI BioPharma (CTIC) and Baxter (BAX) announced that Patient Reported Outcomes data from the Phase 3 PERSIST-1 trial, evaluating pacritinib in patients with myelofibrosis, will be highlighted in a late-breaking oral presentation at the upcoming 20th Congress of the European Hematology Association, June 11-14.
- Cisco (CSCO) and VECTOR announced their collaborative efforts to bring cable operators future-proof answers to current challenges of network evolution. Working together, the two companies will be able to offer operators a synergy of best-in-breed cable access technology from both companies including nodes, RF amplifiers and DOCSIS 3.1 Remote PHY equipment.
2:34 am ING Group exchanges EUR337.5 million notes of NN anchor investors into NN shares (ING) : ING announced it will exchange the second tranche of EUR 337.5 million of mandatory exchangeable subordinated notes into 13.6 million NN Group ordinary shares.
- The exchange is part of the anchor investment in NN Group by three Asian institutional investors - RRJ Capital, Temasek and SeaTown - as announced on 30 April 2014.
- Accrued interest on the notes of approximately EUR 14.6 million will be settled in an additional 0.6 million NN Group ordinary shares as per the terms of the investment.
- This transaction will reduce ING's remaining stake in NN Group from 42.4% to 38.2% upon settlement of the transaction, which is expected to take place on 15 June 2015.
2:02 am CTI BioPharma amends loan agreement with Hercules Technology Growth Capital (HTGC) (CTIC) : Co announced that it has amended its existing loan agreement with Hercules Technology Growth Capital (HTGC).
- Hercules agreed to provide term loans in an aggregate principal amount of up to $25.0 million under the facility, inclusive of amounts outstanding immediately prior to closing of the amendment. On June 9, 2015, ~$6.2 million (less fees and expenses) was funded, thereby resulting in a current outstanding principal balance under the facility of $20.0 million. The remaining $5.0 million is available for borrowing at CTI BioPharma's option through June 30, 2016
- In connection with the amendment, CTI BioPharma issued Hercules a warrant exercisable in whole or in part for up to 292,398 shares of common stock of CTI BioPharma at any time prior to June 9, 2020 at an initial exercise price per share of $1.71.
1:25 am Roche receives FDA breakthrough therapy designation for ACTEMRA (RHHBY) : Co announced that the FDA has granted breakthrough therapy designation status to ACTEMRA/RoACTEMRA for systemic sclerosis. Roche also initiated a global Phase 3 study in SSc.
- ACTEMRA/RoACTEMRA monotherapy and combination treatment regimens almost double sustained remission rates in people with early rheumatoid arthritis
- Five year sustained efficacy of ACTEMRA/RoACTEMRA demonstrated in children with systemic juvenile idiopathic arthritis
- Global Phase 3 clinical trial initiated in systemic sclerosis, a potentially fatal disease with limited treatment options
1:11 am On The Wires (:WIRES) : - Capital Southwest (CSWC) announced that it led a $16 million placement of secured subordinated notes in Winzer Corporation, a distributor of fasteners and industrial maintenance products to more than 35,000 customers across a diversified base of market sectors. Capital Southwest funded $8.1 million of the facility and will act as administrative agent.
- Advanced Energy Industries (AEIS) announced the conclusion of a framework contract with Turkish investor A Enerji for solar projects totaling 50 MW that include AE 3TL string inverters. The string inverters will be installed in three different A Enerji PV projects and will extend Advanced Energy's leading position in the Turkish market.
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