Micron Announces Convertible Notes and 3 Heavily Traded Shares Demanding Attention
Elan Corporation, plc (NYSE:ELN): Current price $9.67
Elan announced that they have agreed to restructure the Tysabri collaboration with Biogen Idec (NASDAQ:BIIB). Under the terms of the agreement, Elan will move from the current 50:50 business collaboration to an upfront payment of $3.25 billion and a double digit tiered royalty structure for the complete asset. Highlights of the transaction include an up front cash payment of $3.25 billion to Elan, a royalty of 12% of Tysabri global net sales for the first 12 months, and a tiered royalty structure after 12 months.
Nokia Corporation (NYSE:NOK): Current price $4.05
Stephen Elop seems confident Nokia Corporation’s Windows Phone handset can revive fortunes for the firm and Finland.
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Micron Technology, Inc. (NASDAQ:MU): Current price $7.93
Micron Technology Inc. announced that they are selling $440 million in convertible senior notes to institutional investors with a maturity date of 2033. The Boise, Idaho-based memory technology company will use the money to buy debt that has an interest rate of 1.875% and a maturity date of 2014.
Research In Motion Ltd. (NASDAQ:BBRY): Current price $16.11
Research In Motion Ltd. is one of just 14 organizations that hold at least 3,400 United States patents, makes new applications at a minimum 13% rate and owns the most coveted intellectual property.
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