On Tuesday, Shares of Pfizer Inc. (NYSE:PFE), added 0.18% and closed at $33.72 in the last trading session. The last trading range of the stock ranges between $33.51 and $33.90. Pfizer Inc. (PFE) recently declared the successful completion of its acquisition of Medivation, Inc.(MDVN). As of the tender offer expiration, 115,574,041 shares of Medivation common stock were validly tendered, representing about 69.1% of the shares outstanding and have been accepted for payment under the terms of the tender offer for $81.50 per share in cash, without interest, subject to any required withholding of taxes. In addition, notices of guaranteed delivery have been delivered for 17,659,861 shares of Medivation common stock, representing about 10.6% of the shares outstanding. Following its acceptance of the tendered shares, Pfizer accomplished its acquisition of Medivation through a second-step merger. Pfizer and its wholly-owned partner accepted for payment and will promptly pay for all shares validly tendered and not validly withdrawn.
“Pfizer and Medivation are now one unified team combining research and resources to combat cancer. This acquisition represents a rare opportunity to expand our business offering with an attractive pipeline and with XTANDI, an important medicine for men with prostate cancer. We welcome our new Medivation colleagues to the team and look forward to continuing the successful partnership with Astellas for XTANDI,” said Albert Bourla, group president, Pfizer Innovative Health. “Given the breadth of Pfizer’s existing oncology portfolio and emerging immuno-oncology pipeline, Medivation’s assets will potentially benefit from many novel and productive combinations. Together, we are well positioned to becoming a leading oncology company, speeding cures and making accessible breakthrough medicines to patients – our number one priority.”
Momo Inc (ADR)(NASDAQ:MOMO), jumped 10.82% and closed at $24.48 in the last trading session. The last trading range of the stock ranges between $22.20 and $24.68. The company’s Market capitalization is $4.62 Billion with the total Outstanding Shares of 288.44 million. Momo Inc. operates as a mobile-based social networking platform in the Peoples Republic of China. The companys platform includes its Momo mobile application and various related features, functionalities, tools, and services that are offered to users, customers, and platform partners. Its Momo mobile application facilitates users to establish and expand their social relationships based on locations and interests. The company also offers games, which are designed with various themes, cultural characteristics, and features to appeal to various segments of the game player community; paid emoticons and mobile marketing services; and live music and entertainment broadcasting services.
Chevron Corporation (NYSE:CVX), lost -1.15% and closed at $101.27 in the last trading session. The last trading range of the stock ranges between $100.76 and $102.92. During the 52-week trading session the minimum price at which share price traded, registered at $75.33 and reached to max level of $107.58. Chevron U.S.A. Inc. ( NYSE : CVX ) declared recently the launch of its aFANity™ Rewards Program, a sports-themed rewards program available to residents of Alabama, Arizona, California, Florida, Georgia, Idaho, Louisiana, Mississippi, Nevada, New Mexico, Oregon, Tennessee, Texas, Utah, Washington and Wyoming. Eligible participants can sign up as members to begin earning points starting on October 1. They can redeem those points for prizes such as football tickets, autographed memorabilia, officially licensed team gear, and unique once-in-a-lifetime experiences with their favorite teams.
Sports fans will have a chance to reward themselves with exciting gear and memorabilia that fit their passion. Members earn points just for signing up with aFANity™ and can earn additional points through activities, like connecting their social media accounts, connecting their Chevron and Texaco Techron Advantage™ Credit Card, using their connected card at Chevron and Texaco stations in the participating areas, and even attending Chevron-sponsored football games.