NASDAQ:PTLA - Nasdaq -
A former Alexion Pharmaceuticals Inc. executive avoided jail after pleading guilty to sharing information about the company’s planned purchase of another company in 2020 with a boyhood friend.
Mentions: ALXN
Alexion Pharmaceuticals (NASDAQ:ALXN) has completed its acquisition of Portola Pharmaceuticals (NASDAQ:PTLA), through a tender offer and merger with its subsidiary, Odyssey Merger Sub Inc. (“Buyer”).
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Companies in the news are: LITE, ITW, INCY, PTLA
Most other prominent deals are expected to close, and arbitrage spreads have tightened sharply since mid-March.
Vesa Equity Investments disclosed a large investment in Macy’s stock, and plans to have talks with management and other shareholders.
Calling a purchase of Portola Pharmaceuticals (NASDAQ:PTLA) the "wrong direction," Elliott Advisors suggests Alexion (NASDAQ:ALXN) instead put itself on the block.Alexion, says Elliott, is tra
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Portola Pharmaceuticals (PTLA) delivered earnings and revenue surprises of -18.92% and -26.45%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Portola Pharmaceuticals (NASDAQ:PTLA): Q1 GAAP EPS of -$0.88 misses by $0.07.Revenue of $26.39M (+18.9% Y/Y) misses by $7.49M.Shares -0.22% PM.Press Release
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The stock market rally soared on coronavirus recovery hopes, entering a power trend. PayPal and Chegg were among several big earnings winners.
Alexion (ALXN) beats on earnings and sales in the first quarter of 2020 but lowers view due to the ongoing pandemic.
Alexion reported revenue for the first quarter of 2020 of $1.4 billion, 27% higher than a year earlier, and earnings per share of $3.22. But it cut guidance for the full fiscal year, saying it now expects revenue of between $5.2 billion and $5.3 billion.
Alexion earnings easily beat first-quarter estimates, but the biotech giant trimmed full-year targets. ALXN stock was not yet active early Wednesday.
Mentions: ALXN
Gainers Portola Pharmaceuticals, Inc. (NASDAQ: PTLA) shares jumped 130% to close at $17.85 on Tuesday after the company announced it will be acquired by Alexion Pharmaceuticals...