Corning Upgraded by Oppenheimer (GLW, ACHN)
** ACHN reported that it has entered into a definitive agreement with funds managed by QVT Financial LP for the sale of 6,367,853 shares of its common stock. The investors have agreed to purchase the shares of common stock at a price of $6.57 per share, resulting in gross pr
Online PR News – 01-September-2012 –ACHN, Achillion Pharmaceuticals, Inc.
ACHN reported that it has entered into a definitive agreement with funds managed by QVT Financial LP for the sale of 6,367,853 shares of its common stock. The investors have agreed to purchase the shares of common stock at a price of $6.57 per share, resulting in gross proceeds to ACHN, before deducting estimated offering expenses, of approximately $41.8 million. The sale and issuance of the shares is expected to close on or about September 4, 2012, subject to customary closing conditions. ACHN is an innovative pharmaceutical company dedicated to bringing important new treatments to patients with infectious disease. More about ACHN at www.achillion.com
GLW, Corning Inc.
GLW was upgraded from Perform to Outperform by Brokerage Firm Oppenheimer. GLW is the world leader in specialty glass and ceramics. GLW creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. More about GLW at www.corning.com
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