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Renaissance Capital

Digital coupon marketplace RetailMeNot files for a $230 million IPO

RetailMeNot, which operates the world's largest digital coupon marketplace, filed on Monday with the SEC to raise up to $230 million in an initial public offering. The Austin, TX-based company, formerly known as WhaleShark Media, was founded in 2007. RetailMeNot booked $156 million in sales for the 12 months... Read >>

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FNB to Acquire BCSB Bancorp - Analyst Blog

F.N.B. Corporation ( FNB ) is moving forward with its strategy to grow through acquisitions. The company announced a deal to acquire Baltimore-based BCSB Bancorp, Inc. ( BCSB ) and its subsidiary Baltimore County Savings Bank in an all-stock transaction. FNB stated that the deal is valued at about... Read >>

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German Court Rules in Favor of MDT - Analyst Blog

It seems that the flow of good news for medical devices major, Medtronic ( MDT ), remains uninterrupted. Recently, as per news by Bloomberg, the company won a patent infringement case over its peer Edwards LifeSciences ( EW ). As per the German District Court of Mannheim, Medtronic's aortic valve does... Read >>

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DISH Forays into Rural Markets - Analyst Blog

DISH Network Corp. ( DISH ) - the second largest satellite TV operator in the U.S. and NTELOS Holdings Corp. ( NTLS ) - a leading regional wireless network operator - jointly launched broadband service across rural Virginia by utilizing 2.5 GHz band of airwaves. Last month, both DISH Network and... Read >>

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Dean Foods Furthers WhiteWave Spin-Off - Analyst Blog

The spin-off of The WhiteWave Foods Co . ( WWAV ) from its parent company, Dean Foods Company ( DF ), reached the final stages as the former filed a secondary offering of its Class A shares with the U.S. Sec authorities on Friday. As a part of the offering, 29.9 million of WhiteWave's Class A shares... Read >>

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Label Expansion for Astellas Drug - Analyst Blog

Astellas Pharma Inc. ( ALPMY ) recently announced the approval of Prograf in Japan for an additional indication. Prograf is now approved for interstitial pneumonia associated with polymyositis/dermatomyositis. It was granted orphan drug status by the Ministry of Health, Labor and Welfare (MHLW). Prograf... Read >>

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Synergy Resources Prices Share Issue - Analyst Blog

Platteville, Colorado-based Synergy Resources Corp. ( SYRG ) has priced an upsized public offering of 11,500,000 common shares at $6.25 a piece, with a 30-day over-allotment option for an additional 1,725,000 shares. The offering is expected to close on Jun 19. The energy explorer plans to use the net... Read >>

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Lockheed Wins DoD Contracts - Analyst Blog

Lockheed Martin Corp ( LMT ) clinched two back-to-back contracts from the Department of Defense. The contracts are valued at a total of $17.1 million. The first contract worth $7.2 million calls for Lockheed's Information Systems and Global Services operating wing to develop a software for providing... Read >>

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GM Expands SUV Recall - Analyst Blog

General Motors Company ( GM ) expanded its 2012-late Aug recall of 249,260 units of midsize sport utility vehicles (SUVs) by 231,000 units after receiving more reports of vehicle fires and minor injuries related to potential fire hazard led by an electrical short in the vehicles. However, most of... Read >>

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US Launch of Forest's Namenda XR - Analyst Blog

Forest Laboratories, Inc. ( FRX ) recently announced the launch of its Alzheimer's drug, Namenda XR, in the US. Namenda XR (28 mg) is a once-daily extended-release version of the company's immediate release (IR) formulation of Namenda. Namenda XR is approved for the treatment of moderate to... Read >>