Active Stock’s Momentum: Quintiles Transnational Holdings Inc (NYSE:Q), Cousins Properties Inc (NYSE:CUZ), NorthStar Asset Administration Group Inc (NYSE:NSAM)

On Friday, Shares of Quintiles Transnational Holdings Inc (NYSE:Q), added 2.53% and closed at $81.06 in the last trading session. The last trading range of the stock ranges between $79.01 and $81.25. Quintiles Transnational Holdings Inc., through its partner, Quintiles Transnational Corp., provides biopharmaceutical development services and commercial outsourcing services in the Americas, Europe, Africa, and the Asia-Pacific. The company’s Product Development segment offers project administration and clinical monitoring services, counting study design and operational planning, investigator/site recruitment, site and regulatory start up, patient recruitment, clinical monitoring, project administration for conducting various multi-site trials, and late phase interventional services; and clinical trial support services comprising clinical data administration, biostatistical, cardiac safety and ECG laboratory, safety and pharmacovigilance, and phase I clinical pharmacology services, in addition to clinical trial, genomic, and bioanalytical laboratory services. This segment also provides planned planning and design services for biomarkers, genomics, and personalized medicine, in addition to offers model-based drug development and regulatory affairs services; and consulting services, such as product development strategy, regulatory and compliance, and process and IT implementation consulting services. Its Integrated Healthcare Services segment offers commercial services comprising contract sales, market entry/market exit, integrated channel administration, patient engagement, and market access and commercialization consulting services; real-world late phase research services, such as observational studies, comparative effectiveness studies, and product and disease registry services; and communication and health engagement services, counting digital patient, and brand and scientific communications services.

Cousins Properties Inc (NYSE:CUZ), dropped -0.38% and closed at $10.44 in the last trading session. The last trading range of the stock ranges between $10.41 and $10.57. The company’s Market capitalization is $2.19 Billion with the total Outstanding Shares of 220.50 million. Cousins Properties Incorporated (CUZ) (“Cousins”) declared recently that it anticipates closing the formerly declared merger between Cousins and Parkway Properties, Inc. (PKY) (“Parkway”) on October 6, 2016.  In addition, Cousins declared recently that its board of directors has approved the terms of the formerly declared plan to spin off the Houston-based assets of Cousins and Parkway into a new, publicly-traded REIT, Parkway, Inc. (“New Parkway”).  Cousins has declared October 6, 2016 as the record date for the spin-off and October 7, 2016 as the distribution date for the spin-off.

The dates set forth above may be delayed subject to satisfaction or waiver of the conditions to the merger and spin-off. The record date of the spin-off will be the same as the closing date of the merger between Cousins and Parkway, and the distribution date of the spin-off will be the business day following the merger closing date.

The spin-off will be accomplished via a pro rata dividend of one share of New Parkway common stock for every eight shares of Cousins common stock outstanding as of the record date for the spin-off. For purposes of the spin-off, the outstanding Cousins common stock on the record date will include the shares of Cousins common stock received by Parkway common stockholders in connection with the consummation of the merger. Cousins common stockholders will receive cash in lieu of fractional shares in the spin-off.

NorthStar Asset Administration Group Inc (NYSE:NSAM), jumped 2.13% and closed at $12.93 in the last trading session. The last trading range of the stock ranges between $12.62 and $12.97. During the 52-week trading session the minimum price at which share price traded, registered at $9.17 and reached to max level of $15.50. Northstar Asset Administration Group Inc. provides asset administration and other services in the United States and internationally. It also offers securitization transaction services. The company is based in New York, New York. Northstar Asset Administration Group Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *