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Acorda Withdraws Proposal To Raise Authorized Shares From Special Meeting Of Stockholders
(RTTNews) - Acorda Therapeutics, Inc. (ACOR) announced Monday that it has withdrawn Proposal One, a request to increase the number of authorized shares of Acorda stock, from the ballot for the Special Meeting of Stockholders scheduled for November 4, 2022.
Proposal Two, authorization of a Reverse Stock Split, remains on the ballot. This proposal would give Acorda's Board of Directors the ability to implement a reverse stock split of Acorda's stock. The will ensure that the company's stock price moves above $1.00, which would prevent the company from being delisted by Nasdaq.
Proposal Three, the Adjournment Proposal, to allow the Company to adjourn and reconvene the Special Meeting to have additional time to solicit proxies, will also remain on the ballot.
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Acorda Therapeutics COO Lauren Sabella To Resign
Biotechnology company Acorda Therapeutics, Inc. (ACOR) announced Friday that Lauren Sabella, Chief Operating Officer, will resign from the Company effective September 30, 2022. She will be working in a strategic advisory role for early-stage biotechnology companies.
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Sensex, Nifty Marginally Higher In Cautious Trade
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2h 23min ago
Japanese Market Slightly Lower
The Japanese stock market is trading slightly lower on Wednesday after opening in the green, snapping a seven-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 36,800 level, with weakness in exporters and automaker stocks partially offset by gains in technology and financial stocks.
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3h 32min ago
Australian Market Slightly Higher
Australian shares are trading slightly higher on Wednesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 8,200 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks nearly offset by weakness in technology stocks.
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U.S. Dollar Declines Against Majors
The U.S. dollar fell against its major counterparts in the New York session on Tuesday, as investors awaited monetary policy decision from the Federal Reserve due on Wednesday.
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