News In Considerations: Teva Pharmaceutical Industries Limited (NYSE:TEVA), KB Home (NYSE:KBH), Office Depot, Inc. (NASDAQ:ODP)

June 22, 2015 8:30 am0 commentsViews: 13

Teva Pharmaceutical Industries Limited (NYSE:TEVA) reported that it has completed the buy of 4.61% of all outstanding shares of Mylan N.V. (MYL), that will facilitate Teva to commence proceedings before the Dutch Enterprise Chamber, should it become necessary. Teva has counseled Stichting Preferred Shares Mylan that if the Mylan Extraordinary General Meeting on the Perrigo transaction is held no later than August 31, 2015, Teva will limit its aggregate shareholding in Mylan prior to the EGM to less than 5% of the outstanding shares of Mylan. Teva Pharmaceutical Industries Limited (NYSE:TEVA) begun last trade with a price of $60.40 and throughout the trading session climbed at a high of $60.85. The day-trade ended with -0.55% to $60.

KB Home (NYSE:KBH) released that its Q2 net income of $9.6M or $0.10 a share, as compared to $26.6M or $0.27 per share, previous year. Total pretax income was $12.7M, as compared to $26.9 million. The 18 on average analysts polled by Thomson Reuters anticipated the firm to report profit per share of $0.08 for the quarter. Analysts’ predicts typically keep out special items. Revenue surged 10 percent to $622.97M from $565.01 million in the similar quarter previous year, while 13 analysts anticipated revenue of $619.05M for the quarter. The current quarter revenue growth was driven by moved up in the firm’s housing and land sale revenues. Housing revenues grew 8% to $604.9 million from $559.8 million, last year. The company delivered 1,787 homes in the Q2, representing an surged of 2 percent from 1,751 homes delivered in the year-earlier quarter. KB Home (NYSE:KBH) stock price closed at $16.37 with the total traded volume of 15.92 Million shares. Its price to sales ratio ended at 0.59. Its market capitalization is 1.51 Billion. The stock owned by the Financial Institutions was 88.60% while by insiders was 0.50%.

Office Depot, Inc. (NASDAQ:ODP), which signed a definitive contract on February 4, 2015, to be takeover by Staples Inc. (SPLS), released that its shareholders have overwhelmingly permitted the suggestion for Staples to purchase all of the outstanding shares of the firm. At the firm’s Annual Meeting of Shareholders held today, 99.5% of the votes cast were in favor of the transaction. In addition, all other ballot items were permitted. Final vote counts are anticipated to be released in a regulatory filing on Monday, June 22, 2015. As per the terms of the agreement, Office Depot shareholders will receive $7.25 in cash and 0.2188 of a share in Staples stock for each Office Depot share. The transaction is expected to close by the end of the calendar year 2015 and remains subject to customary closing conditions, including antitrust regulatory approval. Office Depot, Inc. (NASDAQ:ODP) has the market capitalization of 4.97 Billion. Shares of firm plunged -0.76% to close at $9.09 with the total traded volume of 12.1 Million. The firm has current ratio of 1.50 for the most recent quarter.

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