Trade with Eva: Analytics in action >>

Monday, October 14, 2024

Longboard Pharma (LBPH) to be acquired by Lundbeck for $60.00 per share

Danish drugmaker Lundbeck has agreed to spend $2.6 billion acquiring a young biotechnology company with an experimental brain medicine that could become a blockbuster product.
  • Longboard was formed in January 2020 by Arena Pharmaceuticals, Inc. to advance a portfolio of centrally acting product candidates designed to be highly selective for specific G protein-coupled receptors (GPCRs).
  • Longboard’s lead asset, bexicaserin, is under development for neurological diseases, including Dravet syndrome.

 
 


Longboard Pharmaceuticals to be acquired by Lundbeck (HLUYY) for $60.00 per share in cash 
  • H. Lundbeck A/S (HLUYY) and Longboard Pharmaceuticals (LBPH) announced an agreement for Lundbeck to acquire Longboard. Under the terms of the agreement, Lundbeck will commence a tender offer for all outstanding shares of Longboard common stock, whereby Longboard shareholders will be offered a payment of $60.00 per share in cash. The transaction is valued at approximately $2.6 billion equity value and $2.5 billion (~DKK 17 billion) net of cash, on a fully diluted basis.
    • Through the acquisition of Longboard, Lundbeck gains access to bexicaserin, a novel 5-HT2C agonist in development for the treatment of seizures associated with DEEs, including Dravet syndrome, Lennox-Gastaut syndrome, and other rare epilepsies.
    • Under the terms of the agreement, Lundbeck will commence a tender offer for all outstanding shares of Longboard common stock, whereby Longboard shareholders will be offered a payment for $60 per share in cash. The cash consideration represents a 77% premium to the 30-day volume-weighted average price of shares of Longboard common stock as of September 30, 2024.

Earnings this week : Oct 14 - 18, 24 (wk 42)

Monday (Oct 14)
  • Afternoon: KARO
Tuesday (Oct 15)
  • Morning: ACI BAC SCHW C ERIC GS JNJ PNC PGR STT UNH WBA
  • Afternoon: FULT HWC IBKR JBHT OMC PNFP SGH UAL
Wednesday (Oct 16)
  • Morning: ABT ASML CFG FHN MS OFG PLD SYF USB WAFD
  • Afternoon: AA CNS CCI CSX DFS EFX FR HOMB KMI LBRT PPG REXR SLG STLD SNV
Thursday (Oct 17) 
  • Morning: BMI BX CMC ELV HBAN IIIN IRDM KEY MTB MAN MMC NOK SNA TCBI TRV TSM TFC WBS WNS
  • Afternoon: OZK CCK FNB ISRG NFLX WDFC WAL
Friday (Oct 18)
  • Morning: ALLY ALV AXP CMA FITB PG RF SFNC SLB

Friday, October 11, 2024

Top Wealth Group Holding (TWG) : 6-month performance

 Top Wealth Group Holding Limited provides caviar and caviar-based gourmet products in Hong Kong and internationally. 
A:  10/7  vol. 1.4 M
B: 10/10  vol. 455

 
 

 
 



Thursday, October 3, 2024

==Intercontinental Exchange (ICE) : September 2024 trading volume and related revenue statistics

 


September highlights include:

  • Total average daily volume (ADV) up 29% y/y; open interest (OI) up 16% y/y
  • Record Energy ADV up 24% y/y; OI up 21% y/y
    • Total Oil ADV up 13% y/y; OI up 13% y/y
      • Brent ADV up 11% y/y; OI up 14% y/y, including record options OI of 3.6M lots on September 24
      • Record WTI ADV up 18% y/y; OI up 7% y/y
      • Gasoil ADV up 17% y/y; OI up 46% y/y, including record OI of 1.2M lots on September 17
      • Other Crude & Refined products ADV up 17% y/y; OI up 9% y/y
    • Total Natural Gas ADV up 45% y/y; OI up 24% y/y
      • North American Gas ADV up 50% y/y; OI up 21% y/y
      • Record TTF Gas ADV up 30% y/y; OI up 61% y/y
      • Record Asia Gas ADV up 110% y/y; OI up 60% y/y, including record OI of 142k lots on September 12
    • Total Environmentals ADV up 60% y/y; OI up 35% y/y
  • Total Ags & Metals ADV up 11% y/y
    • Sugar ADV up 26% y/y
    • Coffee ADV up 9% y/y
    • Cotton ADV up 17% y/y
  • Total Financials ADV up 40% y/y; OI up 14% y/y
    • Record total Interest Rates ADV up 50% y/y; OI up 18% y/y
      • SONIA ADV up 37% y/y, including record futures of 662k lots; OI up 45% y/y, including record futures OI of 2.5M lots on September 16
      • Euribor ADV up 49% y/y; OI up 5% y/y
      • Gilts ADV up 34% y/y; OI up 76% y/y
  • NYSE Cash Equities ADV up 12% y/y
  • NYSE Equity Options ADV up 33% y/y

Third quarter highlights include:

  • Total ADV up 28% y/y
  • Energy ADV up 23% y/y, including record futures of 3.7M lots
    • Total Oil ADV up 17% y/y, including record options of 267k lots
      • Record Brent ADV up 15% y/y
      • Record WTI ADV up 33% y/y
        • Record Midland WTI ADV up 134% y/y
      • Gasoil ADV up 13% y/y
      • Other Crude & Refined products ADV up 20% y/y
        • Record Murban ADV up 174% y/y
    • Total Natural Gas ADV up 33% y/y
      • North American Gas ADV up 39% y/y
      • TTF Gas ADV up 16% y/y
      • Asia Gas ADV up 37% y/y
    • Total Environmentals ADV up 52% y/y
  • Sugar ADV up 15% y/y
  • Coffee ADV up 8% y/y
  • Cotton ADV up 3% y/y
  • Total Financials ADV up 41% y/y,
    • Record total Interest Rates ADV up 50% y/y
      • SONIA ADV up 44% y/y
      • Euribor ADV up 47% y/y
      • Gilts ADV up 42% y/y
  • NYSE Cash Equities ADV up 11% y/y
  • NYSE Equity Options ADV up 32% y/y