2022-10-14 08:41:04 BFRI Biofrontera Inc.
10/14/22 10/1408:41 10/14/2208:41 | Biofrontera Inc. adopts limited duration shareholder rights planBiofrontera announced that its Board of Directors has adopted a limited duration shareholder rights plan, and declared a dividend distribution of one preferred stock purchase right on each outstanding share of common stock, in order to protect the interest of all of the Company's shareholders. The rights will be issued to shareholders of record on October 24, 2022 and will expire on October 13, 2023. The Board believes that the current price of the Company's common stock is not reflective of the Company's intrinsic or long-term value. The Board further believes the Rights Plan is an effective course of action to fulfill its fiduciary duties to the Company and its shareholders, and to enable shareholders to realize the long-term value of their investment. The Rights Plan was adopted following a careful evaluation and consultation with the Company's external legal and financial advisors. The Rights Plan is similar to plans adopted by other publicly traded companies. Pursuant to the Rights Plan, the Company will distribute one right for each share of common stock outstanding as of the close of trading on October 24, 2022. While the Rights Plan is effective immediately, the rights would become exercisable only if a person or group, or anyone acting in concert with such a person or group, acquires beneficial ownership, as defined in the Rights Plan, of 20% or more of the Company's issued and outstanding common stock in a transaction not approved by the Company's Board of Directors. In that situation, each holder of a right (other than the acquiring person or group, or anyone acting in concert as defined in the Rights Plan with such person or group), will have the right to purchase a number of shares of Company common stock at an exercise price of one-half the market value of the right. In addition, at any time after a person or group acquires 20% or more of the Company's common stock, unless such person or group acquires 50% or more, the Company's Board of Directors may exchange one share of the Company's common stock for each outstanding right, other than rights owned by such person or group, which would have become void. |
|
---|
Technical Analysis
|
NASDAQ market internals summary »
14:17 02/03/23 02/0314:17 02/03/2314:17
$NSD
NASDAQ Market Internals
Volume is above average… Story temporarily locked. ShowHide Related Items >><<
|
Technical Analysis
| Volume is above average… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Honda issues 'Do Not Drive' warning for certain 2001-2003 Acura, Honda vehicles »
14:00 02/03/23 02/0314:00 02/03/2314:00
HMC
Honda
Honda has issued a… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
Apple option volume tops 3M contracts following earnings, 3x normal »
14:00 02/03/23 02/0314:00 02/03/2314:00
AAPL
Apple
Apple option volume tops… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
Tyson Foods put volume heavy and directionally bearish »
13:55 02/03/23 02/0313:55 02/03/2313:55
TSN
Tyson Foods
Bearish flow noted in… Story temporarily locked. ShowHide Related Items >><<
|
General news
| Action Economics Survey… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Disney considers sale of more films and series to rivals, Bloomberg says »
13:50 02/03/23 02/0313:50 02/03/2313:50
DIS
Disney
Disney, which is seeking… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Rivian CEO says working on electric bikes, Bloomberg reports »
13:47 02/03/23 02/0313:47 02/03/2313:47
RIVN
Rivian Automotive
Bloomberg cites comments… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
AGNC Investment Corp. call volume above normal and directionally bullish »
13:45 02/03/23 02/0313:45 02/03/2313:45
AGNC
AGNC Investment
Bullish option flow… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
TJX call volume above normal and directionally bullish »
13:25 02/03/23 02/0313:25 02/03/2313:25
TJX
TJX
Bullish option flow… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
JPMorgan networking equipment analyst to hold analyst/industry conference call »
13:25 02/03/23 02/0313:25 02/03/2313:25
JNPR
Juniper
Corning
Qualcomm
Networking Equipment/IT… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Commerce Bancshares increases quarterly dividend to 27c per share from 25.2c »
13:24 02/03/23 02/0313:24 02/03/2313:24
CBSH
Commerce Bancshares
Commerce Bancshares… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Disney exploring selling more films and series to rivals, Bloomberg says »
13:21 02/03/23 02/0313:21 02/03/2313:21
DIS
Disney
Disney, which is seeking… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Piper ups Regeneron price target to $800, says Q4 report 'good enough' »
13:19 02/03/23 02/0313:19 02/03/2313:19
REGN
Regeneron
Roche
Piper Sandler analyst… Story temporarily locked. ShowHide Related Items >><<
|
Technical Analysis
|
NASDAQ market internals summary »
13:17 02/03/23 02/0313:17 02/03/2313:17
$NSD
NASDAQ Market Internals
Volume is above average… Story temporarily locked. ShowHide Related Items >><<
|
Technical Analysis
| Volume is above average… Story temporarily locked. ShowHide Related Items >><<
|
General news
|
Fed policy outlook: analysts are boosting our policy outlook »
13:05 02/03/23 02/0313:05 02/03/2313:05
$ECON
Economic Data
Fed policy outlook:… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
International Game call volume above normal and directionally bullish »
13:05 02/03/23 02/0313:05 02/03/2313:05
IGT
International Game
Bullish option flow… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Baker Hughes reports U.S. rig count down 12 to 759 rigs »
13:02 02/03/23 02/0313:02 02/03/2313:02
BKR
Baker Hughes
Baker Hughes reports that… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Baker Hughes reports U.S. rig count down 12 to 759 rigs
13:01 02/03/23 02/0313:01 02/03/2313:01
BKR
Baker Hughes
ShowHide Related Items >><<
|
Hot Stocks
|
SINTX Technologies Inc trading resumes
12:56 02/03/23 02/0312:56 02/03/2312:56
SINT
Sintx Technologies
ShowHide Related Items >><<
|
Conference/Events
|
Church & Dwight to hold virtual analyst day »
12:55 02/03/23 02/0312:55 02/03/2312:55
CHD
Church & Dwight
Virtual 2023 Analyst Day… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Motorsport Games announces $4.03M registered direct offering »
12:53 02/03/23 02/0312:53 02/03/2312:53
MSGM
Motorsport Games
Motorsport Games… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Southwest COO to face questions from Senate panel next Thursday, CNBC says »
12:51 02/03/23 02/0312:51 02/03/2312:51
LUV
Southwest
Southwest Airlines COO… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
SINTX Technologies Inc trading halted, volatility trading pause
12:51 02/03/23 02/0312:51 02/03/2312:51
SINT
Sintx Technologies
ShowHide Related Items >><<
|