Today’s TraderNotes include: Edge Petroleum Corp. (Nasdaq: EPEX), Lev Pharmaceuticals Inc. (OTCBB: LEVP), Sanmina-SCI Corp. (Nasdaq: SANM), CDC Corp. (Nasdaq: CHINA), TASER International Inc. (Nasdaq: TASR), Tuesday Morning Corp. (Nasdaq: TUES), Broadcom Corp. (Nasdaq: BRCM) and Exelixis Inc. (Nasdaq: EXEL).
“Edge Petroleum Corp. (EPEX) shares fell 4% to $5.30 Wednesday afternoon. Edge Petroleum, an independent oil and natural gas company, engages in the exploration, development, acquisition and production of crude oil and natural gas properties in the United States...
“Recently, Edge Petroleum and privately held Chaparral Energy Inc. announced they have entered into a definitive merger agreement that provides for Chaparral to acquire Edge Petroleum in an all-stock transaction. Through the merger, Chaparral will become a publicly traded company…”
“Lev Pharmaceuticals Inc. (LEVP) shares surged 28.65% yesterday to $2.38, falling nearly 3% to $2.32 Thursday afternoon. Yesterday’s activity followed ViroPharma Inc.’s announcement it agreed to acquire Lev Pharmaceuticals for $442.9 million in cash and stock. Lev Pharmaceuticals, a development stage biopharmaceutical company, develops and commercializes therapeutic products for the treatment of inflammatory diseases....
“Lev Pharmaceuticals also announced it has entered into a letter agreement with the Sanquin Blood Supply Foundation (Sanquin), authorizing Lev to file for European marketing authorization of its lead product candidate, Cinryze [C1 inhibitor (human)], for the treatment of hereditary angioedema (HAE), also known as C1 inhibitor deficiency…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Edge Petroleum Corporation (Nasdaq: EPEX). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
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