Hancock Jaffe Laboratories, Inc.(NASDAQ:HJLI) IPO

Hancock Jaffe Laboratories, Inc.(NASDAQ:HJLI) IPO

Hancock Jaffe Laboratories, Inc.(NASDAQ:HJLI) intends to raise $10.51 million from the sale of ADSs representing Class A shares in a U.S. IPO, according to an amended registration statement. Hancock Jaffe Laboratories will be landing NASDAQ, and IPO price range is $6.00-8.00. We are a development stage medical device company developing biologic-based solutions that are designed to be life-enhancing for patients with cardiovascular disease, peripheral arterial and venous disease, and end stage renal disease, or ESRD….

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EuroDry Ltd. Announces the Effectiveness of its Registration Statement and Approval of its Listing on the NASDAQ Capital Market

EuroDry Ltd. Announces the Effectiveness of its Registration Statement and Approval of its Listing on the NASDAQ Capital Market

EuroDry Ltd. (the “Company”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that its registration statement on Form F-1 has been declared effective by the Securities and Exchange Commission. The Company also announced that its application for listing on the NASDAQ Capital Market under the symbol “EDRY” has been approved. Currently, the Company is a wholly owned subsidiary of Euroseas Ltd. which is spinning-off its drybulk…

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Cars.com shares soar after report the company hired JP Morgan to explore a potential sale

Cars.com shares soar after report the company hired JP Morgan to explore a potential sale

Shares of Cars.com jumped 8.8 percent Wednesday after a report the online car retailer hired J.P. Morgan to explore a possible sale. Shares rose 1 percent in after-hours trading. The New York Post reported Wednesday afternoon, citing a source, that Cars.com has hired J.P. Morgan to explore strategic options that include a potential sale of the company. The source said a sale looks likely, at possibly $40 a share. Cars.com has a $1.9 billion market…

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Allergan to sell multibillion-dollar women’s health and infectious disease units after strategic review

Allergan to sell multibillion-dollar women’s health and infectious disease units after strategic review

Allergan has completed its strategic review and will sell its women’s health and infectious disease businesses, sources told CNBC. The drugmaker announced the review earlier this year, but Brent Saunders, its chief executive, has said he was opposed to fundamental changes to its business strategy. Still, the review considered options such as splitting up the company, selling assets, making acquisitions and using capital to buy back shares. Saunders is scheduled to make a presentation at…

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Eddie Lampert’s hedge fund, ESL, receives ‘numerous inquiries from potential partners’ for Sears asset sale

Eddie Lampert’s hedge fund, ESL, receives ‘numerous inquiries from potential partners’ for Sears asset sale

Sears Holdings CEO Eddie Lampert’s hedge fund, ESL, said Tuesday it’s received “numerous inbound inquiries from potential partners” since it made an offer last month to buy Kenmore and other Sears assets. In a letter penned to a special committee of the board and filed with the Securities and Exchange Commission, Lampert asked for permission to “engage” with those interested parties “to allow us to put forward a definitive proposal that will result in the…

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Canadian government to buy Kinder Morgan’s Trans Mountain pipeline

Canadian government to buy Kinder Morgan’s Trans Mountain pipeline

The Canadian government said on Tuesday it will buy Kinder Morgan Canada’s Trans Mountain pipeline project for C$4.5 billion ($3.5 billion) but does not intend to be the long-term owner of the project, which has faced fierce environmental opposition. Finance Minister Bill Morneau said that buying the existing pipeline and its planned expansion project, which will carry crude oil from landlocked Alberta to a port in the Vancouver area, is the only way to ensure…

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Alibaba leads consortium in $1.4 billion deal for stake in Chinese courier ZTO

Alibaba leads consortium in $1.4 billion deal for stake in Chinese courier ZTO

Alibaba on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) for $1.38 billion, as part of the e-commerce firm’s push into offline services. The consortium includes Alibaba’s majority-owned logistics affiliate Cainiao Smart Logistics Network, Alibaba, and ZTO said in a joint statement without disclosing the identity of other investors. They said they expect the deal to close in June. The investment would be…

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KKR to buy enterprise software firm BMC

KKR to buy enterprise software firm BMC

Investment firm KKR confirmed on Tuesday it would buy BMC Software from owners including Bain Capital and Golden Gate Capital, adding to a series of bets it has made on companies which provide software and IT systems for corporations. Houston-based BMC, which provides software that helps companies organize their tech support functions, was taken private for $6.9 billion in 2013 by a group led by Bain and Golden Gate, after pressure from activist hedge fund…

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Qualcomm to meet China regulators in push to clear $44 billion NXP deal

Qualcomm to meet China regulators in push to clear $44 billion NXP deal

Qualcomm is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors, three sources told Reuters. The acquisition has been caught in the crosshairs of rising U.S.-China trade tensions, with sources saying an approval would depend on the progress of broader bilateral talks. The deal has got a nod from eight of the nine required global regulators, with…

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Alibaba injects pharmacy assets into health-care unit in $1.4 billion deal

Alibaba injects pharmacy assets into health-care unit in $1.4 billion deal

Chinese e-commerce giant Alibaba will inject some of its online pharmacy business into a listed unit in a deal valued at HK$10.6 billion ($1.35 billion), the firm said in a statement on Tuesday. Alibaba Health Information Technology will buy Ali JK Nutritional Products, which controls sales of medical devices, health-care products, adult products, and health-care services on Alibaba’s Tmall platform. The deal will see parent Alibaba receive newly issued shares in Ali Health, taking its…

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