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www.PicksThatMove.com: "Picks that move" Alerts, December 11, 2009: MORN, PLCE, TYPE and MYL
(M2 PressWIRE Via Acquire Media NewsEdge) Picksthatmove.com Alerts include Morningstar, Inc. (Nasdaq: MORN); The Children's Place Retail Stores, Inc. (Nasdaq: PLCE); Monotype Imaging Holdings Inc (Nasdaq: TYPE) and Mylan Inc. (Nasdaq: MYL)
-- December 11, 2009 Morningstar, Inc. (Nasdaq: MORN) trading at $47.97 on a volume of 20,529 shares
In a press release on December 11, Morningstar, Inc. to Acquire Chicago-based Logical Information Machines, Inc., Leading Provider of Data and Analytics for the Energy, Financial, and Agriculture Sectors
CHICAGO, Dec 11, 2009 Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced it has entered into a definitive agreement to acquire Logical Information Machines, Inc. (LIM), a leading provider of data and analytics for the energy, financial, and agriculture sectors, for $51.5 million, subject to post-closing adjustments. LIM had revenue of approximately $20 million for the last 12 months. The companies expect to complete the transaction this month, subject to customary closing conditions, which include approval by LIM's shareholders.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 325,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 20 countries and minority ownership positions in companies based in two other countries.
-- December 11, 2009 The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) trading at $29.49 on a volume of 1.70M shares
In a press release on December 11, Jane Elfers to Become Chief Executive Officer of The Children's Place
SECAUCUS, N.J., Dec 11, 2009 The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) today announced the appointment of Jane Elfers as President and Chief Executive Officer of the Company, effective January 4, 2010. She has also been named to the Company's Board of Directors.
Ms. Elfers, 48, is a 25-year retail executive with an impressive track record. She most recently served as President and CEO of Lord and Taylor for the past nine years during which time she rejuvenated and repositioned the brand to be more relevant and competitive within the specialty department store segment. She also optimized the company's real estate portfolio and transformed the merchandise mix to enhance sales and profitability across the fleet. Ms. Elfers began her retail career at Macy's Inc. rising to buyer. She earned her Bachelor of Science degree in Business Administration from Bucknell University where she currently serves as a member of the Board of Trustees.
About The Children's Place Retail Stores, Inc.
The Children's Place Retail Stores, Inc. is a leading specialty retailer of children's merchandise. The Company designs, contracts to manufacture and sells high-quality, value-priced merchandise under the proprietary "The Children's Place" brand name. As of November 28, 2009, the Company owned and operated 953 The Children's Place stores and an online store at www.childrensplace.com.
-- December 11, 2009 Monotype Imaging Holdings Inc (Nasdaq:TYPE) trading at $8.37 on a volume of 106,798 shares.
In a press release out on December 11, Monotype Imaging announces acquisition of Planetweb
Dec 11, 2009 Text imaging solutions provider Monotype Imaging Holdings Inc (Nasdaq:TYPE) announced on Friday it has acquired Planetweb Inc, a provider of embedded user interface software and developer tools for the consumer electronics industry. Under the terms of the agreement, Monotype Imaging has purchased the principal assets of Planetweb for USD1.9m in cash.
About Monotype Imaging Holdings Inc.
Monotype Imaging Holdings Inc. (Monotype Imaging) is a global provider of text imaging solutions. The Company's technologies and fonts enable the display and printing of digital text. Monotype Imaging's software technologies have been deployed across and embedded in a range of consumer electronic (CE) devices, including laser printers, digital copiers, mobile phones, digital televisions, set-top boxes and digital cameras, as well as a number of software applications and operating systems. The Company's scaling, compression, text layout, color and printer driver technologies render text on low-resolution and memory-constrained CE devices. Monotype also licenses its typefaces to business professionals through custom font design services, direct sales and its e-commerce Websites, fonts.com, itcfonts.com, linotype.com, fontexplorerx.com and faces.co.uk.
-- December 11, 2009 Mylan Inc. (Nasdaq: MYL) trading at $18.49 on a volume of 2.54M shares.
In a press release out on December 11, Mylan Receives Approval for Generic Version of Antiepileptic Keppra(R) 1000 mg
PITTSBURGH, Dec 11, 2009 Mylan Inc. (Nasdaq: MYL) today announced that its subsidiary Mylan Pharmaceuticals Inc. received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for Levetiracetam Tablets, 1000 mg. Levetiracetam Tablets are the generic version of UCB Pharma's antiepileptic Keppra(R). This additional strength of Levetiracetam Tablets complements Mylan's already approved and marketed strengths of 250 mg, 500 mg and 750 mg. Levetiracetam Tablets, 1000 mg had U.S. sales of approximately $136 million for the 12 months ending Sept. 30 and is shipping immediately.
About Mylan Inc.
Mylan Inc. (Mylan) and its subsidiaries comprise a global pharmaceutical company that develops, licenses, manufactures, markets and distributes generic, brand and branded generic pharmaceutical products and active pharmaceutical ingredients (API). As of May 5, 2009, the Company held a 71.2% interest in Matrix Laboratories Limited (Matrix). Through Matrix, it manufactures and supplies API for its own products and pipeline, as well as for third parties. Mylan has three segments: the Generics Segment, the Matrix Segment and the Specialty Segment. Mylan markets more than 570 products to consumers in more than 140 countries. Mylan's products cover an array of therapeutic categories, and offer a range of dosage forms and delivery systems, including oral solids, controlled-release, steriles, injectables, topicals, liquids, transdermals, semi-solids and high-potency products. On June 2, 2008, the Company acquired Merck KGaA's Central & Eastern Europe (CEE) generics businesses.
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