Another trending stock on Christmas eve is Keurig Green Mountain Inc (NASDAQ:GMCR), whose shares are 0.25% higher after the company’s board of directors recommended its shareholders approve the $92 per share acquisition offer made by JAB Holding earlier in the month. If approved, the deal should close in the first quarter 2016, and put an end of Keurig Green Mountain Inc (NASDAQ:GMCR)’s controversial life as a public company. Many bears had expected increasing competition and less patent protection to reduce Keurig Green Mountain Inc (NASDAQ:GMCR)’s margins and EPS and send its stock price lower. JAB Holding’s offer saved the day, making the probability that the acquisition deal goes through very likely.
KaloBios Pharmaceuticals Inc (NASDAQ:KBIO) shareholders can’t seem to catch a break. Days after CEO Martin Shkreli was arrested for securities fraud charges, the NASDAQ notified KaloBios that its stock will be delisted, citing the criminal indictment of Shkreli as one of its main reasons. If KaloBios doesn’t appeal, its ticker will be removed from the NASDAQ on December 30 and will presumably trade OTC once its stock is unfrozen. KaloBios Pharmaceuticals Inc (NASDAQ:KBIO)’s auditor and interim CFO both resigned earlier in the week.
Hyatt Hotels Corporation (NYSE:H) is the latest corporate victim of hackers as the company disclosed the following statement:
“[Hyatt] recently identified malware on computers that operate the payment processing systems for Hyatt-managed locations. As soon as Hyatt discovered the activity, the company launched an investigation and engaged leading third-party cyber security experts… Hyatt has taken steps to strengthen the security of its systems, and customers can feel confident using payment cards at Hyatt hotels worldwide.”
Hyatt Hotels Corporation (NYSE:H) shares are only down modestly on the news, however, with shares off 1.4% in morning trading.