ServiceNow Prices Convertible Senior Notes

ServiceNow Prices Convertible Senior Notes

ServiceNow, a provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises, said Wednesday has priced $750 million aggregate principal amount of 0% convertible senior notes due 2022. The company has granted the initial purchasers of the notes an option to purchase up to an additional $112.5 million aggregate principal amount of notes, solely to cover over-allotments. The sale is expected to close on […]

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ImmunoGen Clinical Data Shows Promising Results

ImmunoGen Clinical Data Shows Promising Results

Shares of ImmunoGen are more than 8% higher after announcing promising safety and efficacy data on mirvetuximab soravtansine after the close on Wednesday. Mirvetuximab soravtansine is being developed to treat patients with folate receptor alpha positive epithelial ovarian cancer. This data includes results from pooled analyses of three phase 1 expansion cohorts and from a phase 1b/2 study evaluating mirvetuximab soravtansine in combination with Avastin, carboplatin, Doxil or Keytruda. These […]

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Group 1 Automotive Increases Share Buyback Program

Group 1 Automotive Increases Share Buyback Program

Group 1 Automotive, an automotive retailer, said its board has increased the company’s share repurchase authorization to $75 million. The company also said it will pay a Q1 dividend of $0.24 per share, consistent with the prior quarter. The dividend will be payable on June 15 to stockholders of record June 1. The board also elected Stephen Quinn to serve as non-executive chairman. Quinn has served as a director since […]

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Jacobs Engineering Wins Contract

Jacobs Engineering Wins Contract

Jacobs Engineering Group said it has been awarded a seven-year contract for project and construction management by Los Angeles World Airports. Jacobs will support the landside access modernization program, airline/tenant improvement program and capital improvement program at Los Angeles International Airport. Los Angeles World Airports has started the planning and development of more than $14 billion in capital improvements as it anticipates increased travel due to new entertainment facilities, a […]

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Bank of Commerce Holdings Prices Common Stock Offering

Bank of Commerce Holdings Prices Common Stock Offering

Bank of Commerce Holdings said pre-market Friday it priced an underwritten public offering of almost 2.4 million shares at $10.50 per share, equal to a 5.0% discount relative to the stock’s Thursday closing price. The company granted underwriters a 30-day option to acquire up to an additional 357,143 shares to cover any over-allotments. It expects net proceeds of $23.3 million or $26.8 million if underwriters exercise their option in full. […]

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