STMicroelectronics (NYSE:STM) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $1.04 by 11.54 percent. This is a 127.45 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $4.32 billion which beat the analyst consensus estimate of $4.24 billion by 1.91 percent. This is a 35.16 percent increase over sales of $3.20 billion the same period last year.
European Swedish Orphan Biovitrum To Acquire CTI BioPharma For $1.7B
Swedish Orphan Biovitrum AB (OTC: BIOVF) has agreed to acquire CTI BioPharma (NASDAQ: CTIC) for $9.10 per share of common stock in an all-cash transaction, representing an implied equity value of
