Yahoo! to Acquire Tumblr
Promises not to screw it up
Yahoo! Inc. (NASDAQ: YHOO) and Tumblr announced today that they have reached a definitive agreement for Yahoo! to acquire Tumblr.
Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO. The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.
With more than 300 million monthly unique visitors and 120,000 signups every day, Tumblr is one of the fastest-growing media networks in the world. Tumblr sees 900 posts per second (!) and 24 billion minutes spent on site each month. On mobile, more than half of Tumblr’s users are using the mobile app and do an average of 7 sessions per day.
Websense Signs Definitive Agreement to be Acquired by Vista Equity Partners
Shareholders to receive $24.75 per share in cash in transaction valued at approximately $1 billion
Websense, Inc. (NASDAQ: WBSN) a global leader in protecting organizations from the latest cyber-attacks and data theft, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners ("Vista"), a leading private equity firm focused on investments in software, data and technology-enabled businesses.
"After detailed discussions with several potential acquirers, the Websense board of directors is pleased to approve this agreement," said John Carrington, chairman of the Websense board of directors. "It provides stockholders with immediate and substantial cash value that reflects our assessment of the fair value of the company."
Pactera Announces Receipt of "Going Private" Proposal at US$7.50 Per ADS
Pactera Technology International Ltd. (PACT) ("Pactera" or the "Company"), a global consulting and technology services provider strategically headquartered in China, today announced that its board of directors has received a non-binding proposal letter dated May 20, 2013 from an affiliate of funds managed or advised by Blackstone, the Company's non-executive Chairman, Chris Chen, its Chief Executive Officer, Tiak Koon Loh, and its Executive Committee members, David Chen, Sidney Huang and Jun Su (collectively, the "Buyer Consortium") to acquire all of the outstanding shares of Pactera not currently owned by the Buyer Consortium in a going private transaction (the "Transaction") for US$7.50 per American Depositary Share ("ADS", each ADS representing one common share of the Company) in cash, subject to certain conditions.
Camtek Announces First Quarter 2013 Results
Revenues of $18.1 million; expects sequential revenue growth of approximately 20% for the second quarter
Camtek Ltd. (NASDAQ and TASE: CAMT), today announced its financial results for the quarter ended March 31, 2013.
Highlights of the First Quarter 2013Revenues of $18.1 million; Improved gross margins of 45.8% (Non GAAP); 45.4% on a GAAP basis; Non-GAAP operating income of $0.1 million; GAAP operating loss of $0.2 million; Non-GAAP net loss of $0.2 million; GAAP net loss of $0.9 million; Second quarter revenue guidance of $21-23 million
Meade Instruments Corp. Announces Merger Agreement; to be Acquired by Jinghua Optics & Electronics
Meade Instruments Corp. (Nasdaq:MEAD) ("Meade"), (est. 1972) one of the world's largest designers and manufacturers of telescopes and accessories for amateur astronomers, and Jinghua Optics & Electronics Co., Ltd. ("JOC") announced today that Meade and JOC's wholly-owned subsidiary, JOC North America LLC ("JOCNA") and JOCNA's wholly-owned merger subsidiary, have signed a definitive merger agreement for JOCNA to acquire all of the outstanding shares of Meade for approximately $4.5 million or $3.45 per share. The acquisition will be paid with cash and is expected to be completed by the end of July 2013, subject to shareholder approval.
JOC (est. 1997) with manufacturing facilities in Guangzhou and Kunming, China, is also the parent company of Explore Scientific, LLC (USA) and Meade Instruments Europe GmbH & Co. KG (Germany).
Oramed Receives FDA Clearance to Initiate Oral Insulin Trials in the U.S.
Oramed Pharmaceuticals Inc. (ORMP) (http://www.oramed.com), a developer of oral drug delivery systems, announced today that the United States Food and Drug Administration (FDA) has cleared the Company's Investigational New Drug application(IND) for ORMD-0801, its oral insulin capsule.
"We are very pleased to have the FDA clearance to proceed," stated Nadav Kidron, CEO of Oramed. "The upcoming trial is a major milestone for Oramed and we look forward to continuing to progress ORMD-0801's clinical development in the US."
NASDAQ Welcomes Marketo [MKTO] to The NASDAQ Stock Market
The NASDAQ OMX Group, Inc. (NDAQ) today announced that trading of Marketo, Inc. (MKTO), the provider of a leading cloud-based marketing software platform, commenced on The NASDAQ Stock Market on Friday, May 17, 2013. Marketo is listed under the ticker symbol MKTO.
Marketo is a provider of an easy-to-use marketing software platform that enables a variety of organizations to engage in modern relationship marketing. Marketo's customer base extends across more than 2,300 customers across a multitude of industries including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications.
Alpha Minerals Discovery Zone (R00E) Returns 22.0m of 4.8%, Including 4.0m of 20.73% U3O8 at Patterson Lake South, Athabasca Basin
Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA) ("Alpha" or "the Company") and its Joint Venture partner Fission Uranium Corp. (formerly Fission Energy Corp.) are pleased to report assay results from another nine holes from the R00E zone at its Patterson Lake South ("PLS") Property. The assays show a continuous area of broad uranium mineralization at shallow depth. Of particular note is hole PLS13-043 which returned an interval of 22.0m at 4.8% U3O8. With a Grade x Thickness (GT) product value of 105.6, representing the best GT interval to date from the R00E Zone.Hole PLS13-043 (line 045W) intersected: 22.0m of 4.8% U3O8, including 4.0m of 20.73%U3O8
Orefinders Intersects 14.50 m @ 8.10 g/t Au Including 5.90 m @ 32.5(i) g/t Au (uncut) at Mirado Gold Project, Kirkland Lake
Orefinders Resources Inc. (TSX VENTURE:ORX) reports additional high grade gold results from six more drill holes (1,866 m) from its phase II diamond drilling program at the Mirado Gold Project in Kirkland Lake, Ontario. Highlights include hole MD13-19 which intersected32.54* g/t Au (uncut) over 5.90 meters of consistent bonanza grade mineralization (see Table 1) within an interval of 14.50 meters at an average cut grade of 8.10 g/t Au. These latest results demonstrate good continuity of near surface high grade gold mineralization over broad widths in the South Zone, where recent drill results included 9.50m @ 59.2* g/t Au (Hole MD13-07) and 4.30 m @ 17.2* g/t Au (uncut) in hole MD13-06.
SolarCity and Goldman Sachs Create Largest U.S. Rooftop Solar Lease Financing Platform
Collaboration Expected to Fund more than $500 Million in Solar Projects, 110 Megawatts of Solar Capacity
SolarCity (SCTY), a leading provider of clean energy, today announced a lease financing agreement with Goldman Sachs (GS) to fund more than $500 million in solar power projects; an estimated 110 megawatts in generation capacity for homeowners and businesses.
The financing makes it possible for homeowners, businesses, government and other non-profit organizations to install solar panels with no upfront cost and pay less for clean, solar electricity than they currently pay for utility bills. The agreement was initiated in 2012 and expanded per its initial terms at the end of April.
Eagle Bulk Shipping Inc. Reports First Quarter 2013 Results
Eagle Bulk Shipping Inc. (EGLE) today announced its results for the first quarter ended March 31, 2013.
For the First Quarter:Net reported income of $1.4 million or $0.08 per share (based on a weighted average of 16,966,070 diluted shares outstanding for the quarter), compared with net loss of $17.4 million, or $1.11 per share, for the comparable quarter of 2012. Net revenues of $72.2 million, compared to $52.6 million for the comparable quarter in 2012. Gross time charter and freight revenues of $73.6 million, compared with $54.8 million for the comparable quarter of 2012.
Pangolin Diamonds Discovers Its First Kimberlite in Botswana
- Kimberlite discovered at Tsabong North Project has a +20 hectare aeromagnetic anomaly associated with it - Two additional diamond drill core holes will be completed to intersect a minimum of 100 meters of kimberlite - Additional undrilled kimberlite targets in the project area have the same magnetic signature
Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin") is pleased to announce it has discovered its first kimberlite at its 100% owned Tsabong North Project in Botswana. Core logging identified crater facies sediments and underlying reworked volcaniclastic kimberlite ("RVK") breccias in drill hole "Magi-01/1".
Legumex Walker Reports Significantly Improved Financial Results for First Quarter 2013
- Special Crops Division Delivers Strong Quarter for EBITDA and Cash Flow As Pacific Coast Canola Prepares for Full Production -
Legumex Walker Inc. (TSX:LWP.TO ) (the "Company") today reported its financial results for the three months ended March 31, 2013. All figures are in Canadian dollars unless otherwise stated.
Highlights for the Three Months Ended March 31, 2013 (all growth metrics reflect comparison to the three months ended March 31, 2012):Improved financial results from the Special Crops division: Revenue increased 26% to $83 million on an increase in tonnes shipped of 19% to 97,500 tonnes; Adjusted gross profit increased 61% to $9.2 million with a commodity margin increase of 41% to $144 per tonne, reflecting the success of the Company's strategy to diversify into higher-margin products;
Overhill Farms Signs Definitive Agreement to Be Acquired by Bellisio Foods
Overhill Farms, Inc. (NYSE MKT: OFI) and Bellisio Foods, Inc. today announced that they have entered into a definitive merger agreement for Bellisio Foods to acquire Overhill Farms in a merger transaction valued at approximately $80.9 million.
Under the terms of the agreement, Overhill Farms shareholders will receive $5.00 in cash for each share of Overhill Farms common stock they own. The transaction represents a 26% premium over the closing price of Overhill Farms common stock on August 13, 2012, prior to the Company's announcement that it was reviewing strategic alternatives, and a 25% premium over the average of the closing price of the common stock during the 60 calendar days ended May 13, 2013, the last day prior to entering into the merger agreement.
Insmed Granted Key Composition of Matter Patent Allowance for ARIKACE in Europe
Provides Important Foundation as Company Advances European Commercial Plans for ARIKACE to Treat Lung Infections in Cystic Fibrosis Patients
Insmed Incorporated (NASDAQ: INSM), a biopharmaceutical company focused on developing and commercializing an inhaled anti-infective to treat patients battling serious lung diseases in orphan indications that are often life-threatening, today announced that the European Patent Office intends to grant E.U. Patent No. 1909759 for ARIKACE® (liposomal amikacin for inhalation). Once granted, the composition of matter patent provides exclusivity in any of the European Patent Office's member states where Insmed chooses to file at least through July 19, 2026. The Company's liposomal amikacin for inhalation is in clinical development to treat cystic fibrosis (CF) patients with Pseudomonas aeruginosa lung infections and patients with nontuberculous mycobacteria (NTM) lung infections.
Comstock Holding Companies, Inc. Reports First Quarter 2013 Results
First quarter homebuilding revenue of $11.4 million compared to $3.2 million last year Net income from continuing operations of $1.1 million compared to net loss of $(1.4) million last year Raising revenue outlook and reaffirming forecast for profitable 2013
Comstock Holding Companies, Inc. (CHCI) (“Comstock” or the “Company”), a homebuilding and multi-faceted real estate development and services company in the Washington, D.C. metropolitan area, today announced results for the first quarter of 2013, ended March 31.
Independent Bank Corp. and Mayflower Bancorp, Inc. Sign Definitive Merger Agreement for Acquisition of Mayflower Bancorp, Inc.
Independent Bank Corp. (INDB), parent of Rockland Trust Company, and Mayflower Bancorp, Inc. (MFLR), parent of Mayflower Bank, have signed a definitive agreement for Independent to acquire Mayflower and Rockland Trust to acquire Mayflower Bank.
Mayflower Bank was founded in 1889 and currently has 8 Plymouth County bank branches, approximately $236 million in deposits, and approximately $141 million in loans.
“We are pleased to welcome Mayflower Bank customers and colleagues to Rockland Trust,” said Christopher Oddleifson, the Chief Executive Officer of Independent.
Asanko's Pre-Feasibility Study Confirms Robust Project Economics for Esaase Gold Project
Asanko Gold Inc. ('Asanko' or the 'Company') (TSX:AKG)(NYSE MKT:AKG) is pleased to announce that the Pre-Feasibility Study ('PFS') for its flagship Esaase Gold Project in Ghana, West Africa ('Esaase' or the 'Project'), has confirmed the technical and economic viability of the Project. All currency in this news release is quoted in United States Dollars unless otherwise stated.
Highlights of the PFS (based on $1,400 per ounce gold price) are, as follows:Proven & Probable Mineral Reserves of 2.37 million ounces of gold at 1.41 g/t. Robust project economics with an after-tax IRR of 23.2% and an NPV (5%) of $354.7 million.
Synacor Selected for Google I/O 2013 Developer Sandbox
Synacor to Showcase Cloud ID Social Login with Google+ Sign-In for TV Everywhere Sites and Apps, Google I/O, May 15-17, Moscone West Convention Center, San Francisco, Calif.
Synacor Inc. (SYNC), the leading provider of next-gen startpages, award-winning TV Everywhere solutions, and cloud-based Identity Management (IDM) services, across multiple devices for cable, satellite, telecom and consumer electronics companies, will demo Cloud ID Social Login with Google+ and advanced TV Everywhere technologies in the Developer Sandbox at Google I/O, May 15-17, Moscone West Convention Center in San Francisco, Calif. Developers and technologists will discuss with Synacor how Social Login, recently named as a TMC Cable Spotlight Product of the Year, was built to break down TV Everywhere barriers, and how they can integrate similar technologies for their customers.
Nanosphere Announces Distribution and Collaboration Agreement With Hitachi High-Technologies Corporation
Nanosphere, Inc. (NASDAQ: NSPH)Hitachi High-Technologies Corporation Provides Distribution Network to Market the Verigene System in Japan's High Growth Molecular Diagnostic Market Collaboration Leverages Each Companies' Advanced Design, Development and Manufacturing Expertise for Future Assays and Platforms
Nanosphere, Inc. (NASDAQ: NSPH), a leader in the development and commercialization of advanced molecular diagnostics systems, announced today it has signed a distribution and collaboration agreement with Hitachi High-Technologies Corporation (Hitachi High-Tech). The agreement grants Hitachi High-Tech exclusive rights to market Nanosphere products in Japan. As well, the two companies intend to collaborate on assay and platform development.