The proposed acquisition of ITC Holdings Corp. (NYSE:ITC) by Fortis Inc. is being investigated by WeissLaw LLP for possible breaches of fiduciary duty and other violations of law by the Board of Directors of ITC. On February 9, 2016 the Company announced it had reached a definitive agreement for Fortis to acquire ITC in a transaction valued at approximately $11.3 billion, inclusive of debt. Under the terms of the agreement, shareholders of ITC will receive $22.57 in cash and 0.7520 of a Fortis share for each ITC share they own; representing a total per share consideration of $44.90.
ITC Holdings Corp. (NYSE:ITC) belongs to Utilities sector. Its net profit margin is 29.40% and weekly performance is 2.59%. On last trading day company shares ended up at $41.42. ITC Holdings Corp. (NYSE:ITC) distance from 50-day simple moving average (SMA50) is 5.64%.
Pain Therapeutics, Inc. (NASDAQ:PTIE) reported financial results for the year ended December 31, 2015. Net loss in 2015 was $14.1 million, or $0.31 per share, compared to a net loss in 2014 of $12.4 million, or $0.27 per share. Cash and investments were $31.3 million as of December 31, 2015, with no debt. We expect net cash usage for the first half of 2016 will be approximately $8 million.
Pain Therapeutics Inc. (NASDAQ:PTIE) shares increased 9.24% in last trading session and ended the day at $2.01. PTIE return on assets is -30.90%. Pain Therapeutics Inc. (NASDAQ:PTIE) quarterly performance is 3.08%.
Inogen, Inc. (NASDAQ:INGN), announced that it will release its financial results for the fourth quarter and full year of 2015 after market close on Monday, March 14, 2016. The Company will host a corresponding conference call beginning at 1:30pm PT/4:30pm ET.
On 01 March, Inogen, Inc. (NASDAQ:INGN) shares decreased -2.81% and was closed at $33.22. Inogen, Inc. (NASDAQ:INGN) year to date (YTD) performance is -17.14%.
Cabot Microelectronics Corporation (NASDAQ:CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) polishing slurries and a growing CMP pad supplier to the semiconductor industry, has announced its Annual Meeting of Stockholders will be held Tuesday, March 8, 2016, at 8:00 a.m., Central Time.
Cabot Microelectronics Corporation (NASDAQ:CCMP) ended the last trading day at $39.09. Company weekly volatility is calculated as 2.33% and price to cash ratio as 4.34. Cabot Microelectronics Corporation (NASDAQ:CCMP) showed a weekly performance of 5.93%.
Intrexon Corporation (NYSE: XON) reported Q4 EPS of ($0.28), $0.10 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $41.5 million versus the consensus estimate of $41.82 million.
Intrexon Corporation (NYSE:XON) shares increased 8.98% in last trading session and ended the day at $33.73. XON Gross Margin is 29.00% and its return on assets is -4.10%. Intrexon Corporation (NYSE:XON) quarterly performance is -8.42%.