Shares of Molina Healthcare, Inc. (NYSE:MOH) ended Friday session in green amid volatile trading. The shares closed up +1.79 points or 3.34% at $55.33 with 1.29 million shares getting traded. Post opening the session at $53.64, the shares hit an intraday low of $53.06 and an intraday high of $55.33 and the price vacillated in this range throughout the day. The company has a market cap of $3.13 billion and the numbers of outstanding shares have been calculated to be 56.80 million shares.
Molina Healthcare, Inc. (MOH) on August 18, 2016 announced that it has commenced an offer to exchange up to $700 million aggregate principal amount of its 5.375% Senior Notes due 2022 (the “Original Notes”) and the note guarantees associated therewith issued on November 10, 2015, in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), for up to an equal aggregate principal amount of its 5.375% Senior Notes due 2022 (the “Exchange Notes”) and the note guarantees associated therewith registered under the Securities Act. The exchange offer is registered under the Securities Act pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission (the “SEC”) on August 15, 2016.
In connection with the issuance of the Original Notes, the Company entered into a registration rights agreement with certain initial purchasers (the “Registration Rights Agreement”) wherein the Company agreed, for the benefit of the holders of the Original Notes, to file with the SEC, and cause to become effective, a registration statement relating to an offer to exchange the Original Notes for notes registered under the Securities Act with terms substantially identical in all material respects to the Original Notes. In accordance with the Registration Rights Agreement, the terms of the Exchange Notes are substantially identical to the terms of the Original Notes, except that the Exchange Notes are not subject to the transfer restrictions, and do not contain the additional interest provisions, applicable to the Original Notes.
Shares of Organovo Holdings Inc (NYSEMKT:ONVO) ended Friday session in green amid volatile trading. The shares closed up +0.08 points or 2.11% at $3.87 with 420,874.00 shares getting traded. Post opening the session at $3.79, the shares hit an intraday low of $3.75 and an intraday high of $3.91 and the price vacillated in this range throughout the day. The company has a market cap of $351.07 million and the numbers of outstanding shares have been calculated to be 92.39 million shares.
Organovo Holdings Inc (ONVO) on Aug. 18, 2016 announced that its board of directors has appointed two new members. Mark Kessel, co-founder and partner of Symphony Capital LLC, and Richard Maroun, executive partner at Frazier Healthcare Partners, will join Organovo’s board. The appointments increase the number of Organovo directors to seven.
“Mark and Rick bring tremendous capital markets, corporate governance, operational and strategic management expertise to our organization,” said Keith Murphy, chairman and chief executive officer, Organovo. “Their leadership experience across the life sciences sector adds to the strength of our already outstanding board, and I’m confident they’ll make significant contributions as we enter our next phase of commercial growth and build value for our shareholders. I’m grateful for their willingness to join the board at such an important time in our organizational development, as well as the ongoing support from all of our directors.”
With their addition to the board, Kessel will become a member of the Nominating and Corporate Governance Committee and the Science and Technology Committee, while Maroun will join the Audit and Compensation Committees.