Catalyst Health Solutions (NASDAQ:CHSI) shareholders will receive $28.00 and 0.666 percent of a SXC common share, for each Catalyst share they own, upon closing of the previously announced merger agreement among SXC, two wholly-owned subsidiaries of SXC and Catalyst. At a special meeting Monday morning, SXC Health Solutions (NASDAQ:SXCI) shareholders voted in favor of proposal to approve the issuance of SXC common stock to be distributed as previously described. The two firms expect that the merger should be completed following the close of Monday’s trading session. Catalyst shares closed down 1.54 percent on the day at $92.00, having traded between $45.35 and $96.40 for the past 52 weeks.
Don’t Miss: Here’s Apple’s Plan to Lose Its EXTRA WEIGHT.
Comcast Corporation’s (NASDAQ:CMCSA) Universal Pictures’ “Ted” earned $54.1 million, and “Magic Mike” from Time Warner’s (NYSE:TWX) Warner Bros. earned $39.2 million, according to the Wall Street Journal, citing early studio box office estimates. The events made Hollywood trivia history, as it’s the first time two R-rated movies opened with more than $21 million on the same weekend. Shares closed at $32.25, up 0.88 percent on the day, having traded between $19.19 and $31.99 in a 52-week range.
Edwards Lifesciences (NYSE:EW) says that it has received a conditional Investigational Device Exemption from the FDA to initiate the Transform Trial, which is a prospective, multi-center study that will evaluate the Edwards Intuity valve system. Shares closed 0.8 percent on the day at $104.13, having been traded between $61.59 and $104.25 during the past 52 weeks.
Heartware International (NASDAQ:HTWR said that, ‘With respect to the Agreement and Plan of Merger and Reorganization, dated as of March 29, among HeartWare, Ocean Acquisition Holding, a Delaware corporation and an indirect wholly owned subsidiary of HeartWare, and World Heart Corporation, a Delaware corporation, HeartWare has irrevocably waived its option to elect to pay the merger consideration in cash upon the closing of the transaction pursuant to which HeartWare will acquire World Heart for consideration of $8 million. Instead, as provided in the Merger Agreement, upon the closing of the Transaction, each share of World Heart common stock will be converted into the right to receive the number of shares of HeartWare common stock equal to the quotient determined by dividing the per share merger consideration by the average of the per share closing prices of HeartWare common stock on NASDAQ during the ten consecutive trading days ending on the trading day that is one calendar day prior to the date of the closing of the Transaction. The per share merger consideration will be determined by dividing $8 million by the number of shares of World Heart common stock outstanding as of immediately prior to the effective time of the merger.’ Shares closed up 1.35 percent on the day at $90,00, having been traded between $53.40 and $89.75 for the last 52 weeks.
IHS Inc. (NYSE:IHS) has purchased the CyberRegs unit from Citation Technologies, Inc., for approximately $11 million to assist customers in making business decisions concerning regulatory compliance for Enterprise Sustainability Management. Shares closed up 0.92 percent on the day at $108.72, having been traded between $67.88 and $107.79 the last 52 weeks.
Don’t Miss: Here are the STUDS and DUDS of the DOW for 2012.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.