Atea Pharma Rejects Unsolicited Proposal From Tang Capital Partners

RTTNews | il y a 708
Atea Pharma Rejects Unsolicited Proposal From Tang Capital Partners

(RTTNews) - Biopharmaceutical company Atea Pharmaceuticals, Inc. (AVIR) announced Tuesday that its Board of Directors unanimously rejected the unsolicited proposal from Tang Capital Partners, LP on behalf of Concentra Biosciences, LLC to acquire all outstanding common shares of Atea for $5.75 per share in cash, plus a contingent value right representing the right to receive 80% of the net proceeds payable from any license or disposition of Atea's programs.

After careful review and consideration with its independent financial and legal advisors, the Atea Board of Directors unanimously concluded that the Proposal fundamentally undervalues the Company and is not in the best interests of Atea or its shareholders.

read more
Sensex, Nifty Subdued In Early Trade

Sensex, Nifty Subdued In Early Trade

Indian shares were subdued on Thursday amid rising tensions between India and Pakistan and concerns about the outlook for the global economy.
RTTNews | il y a 49 minutes
Australian Market Swings To Slight Gains In Mid-market

Australian Market Swings To Slight Gains In Mid-market

The Australian market is turning its early losses to slight gains in mid-market moves on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just below the 8,200 level, with gains in gold miners and technology stocks partially offset by weakness in financial stocks.
RTTNews | il y a 1h 37min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, amid optimism surrounding the upcoming U.S.-China trade talks to take place in Switzerland this week and China's new stimulus measures. Meanwhile, the US Fed left interest rates unchanged, and also warned of increasing risks of higher unemployment and higher inflation.
RTTNews | il y a 2h 0min
Sensex, Nifty Likely To Open On Cautious Note

Sensex, Nifty Likely To Open On Cautious Note

Indian shares look set to open on a cautious note Thursday as Pakistan troops continue to resort to cross-border shelling along the Line of Control (LoC) in Kupwara district of Jammu and Kashmir for the second consecutive day.
RTTNews | il y a 2h 32min
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is trading modestly lower on Thursday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 36,700 level, with weakness in index heavyweights, exporters and financial stocks partially offset by gains in technology stocks.
RTTNews | il y a 3h 22min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is trading slightly lower on Thursday, giving up some of the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,200 level, with weakness in iron ore miners and financial stocks partially offset by gains in gold miners and technology stocks.
RTTNews | il y a 3h 59min
Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.

Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.

The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged, highlighting increased uncertainty about the economic outlook. The Fed said it decided to leave the target for the federal funds rate at 4.25 to 4.50 percent for the third straight meeting.
RTTNews | il y a 10h 39min