Clearwire Corporation (NASDAQ:CLWR) shares jumped 29.31% to $4.50. The company on May 30 acknowledged that DISH Network Corporation (NASDAQ: DISH) (“DISH”) has commenced an unsolicited cash tender offer to acquire all outstanding common shares of Clearwire at a price of $4.40 per share.
In light of this development, and pursuant to the discretionary authority granted to the chairman of the meeting by Clearwire’s bylaws, the Company plans to adjourn its Special Meeting of Stockholders, which is scheduled to be held at 10:30 a.m. Pacific time on Friday, May 31, 2013, without conducting any business.
Immunomedics, Inc. (NASDAQ:IMMU) shares climbed 13.29% to $3.92. The company on May 30 announced that during the Company’s presentation at the New York Biotechnology Association’s Annual Meeting yesterday, President and CEO, Cynthia L. Sullivan, updated the audience on the progress of the antibody-drug conjugate (ADC) programs.
Additionally, the company on May 7 announced that it has received notice that its patent application for “Delivery system for cytotoxic drugs by bispecific antibody pretargeting,” will issue as US patent No. 8,435,539. This patent relates to compositions for pretargeting delivery of therapeutic agents for use with bispecific antibodies generated by the Company’s proprietary DOCK-AND-LOCK™ (DNL™) protein conjugation technology.
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares gained 11.71% to $7.44. The company on May 6 announced financial results for the first quarter ended March 31, 2013. Total revenues of $175.7 million for the first quarter of 2013 represented a 5.4% increase from the first quarter of 2012.
Reported GAAP net income for the first quarter of 2013 was $14.0 million, or 8.2 cents per diluted ADS, compared to $11.3 million, or 6.6 cents per diluted ADS, for the first quarter of 2012, and $14.8 million, or 8.6 cents per diluted ADS, for the fourth quarter of 2012. GAAP net income for the first quarter of 2013 improved 24.0% compared to first quarter 2012.