Posted by David Bracken on February 26, 2015
Two major shareholder advisory firm has recommended that The Pantry shareholders approve the Cary-based company's sale to Alimentation Couche-Tard.
Institutional Shareholder Services said the approval of the deal was warranted "in light of the reasonable premium, the certainty of value inherent in the cash nature of the consideration, and the board's rationale regarding the standalone challenges represented by the company's current debt profile, capital needs, and increased sector competitiveness."
Glass Lewis & Co. also issued a report earlier this week saying Pantry shareholders should support the buy-out.
Posted by David Bracken on February 25, 2015
Chapel Hill drug developer Cempra reported a loss of $16.9 million, or 46 cents per share, in the fourth quarter, nearly equal to its $16.8 million, or 51 cents per share, loss it reported during the same period in 2013.
Posted by John Murawski on February 24, 2015
A massive data breach that compromised the personal information of nearly 80 million people will affect 775,606 health insurance users in North Carolina, according to Anthem, the insurer targeted in the cyber attack.
Posted by David Ranii on February 24, 2015
The federal Computer Emergency Readiness Team is urging consumers whose Lenovo PCs came with pre-installed marketing software to take “corrective action” to ensure they aren’t vulnerable to hackers.