SciClone Pharmaceuticals, Inc. today commented that the current market activity in its stock could be the result of an article reporting that Sonae SGPS, SA, a Portuguese company, is preparing to make a tender offer for SciClone. SciClone had not been contacted by Sonae and had no reason to believe that a tender offer was likely. While the company’s policy is not to respond to rumors or
ASK THE FOOL Taking stock Q: When I purchase a share of stock in a company, what am I buying? I see that the company gets its money when the stock is issued, but after that, what does the company get out of it when I buy a share on... more...
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WestLB dismisses chief after trading scandal
WestLB on Thursday dismissed Thomas Fischer as chief executive following the stock trading scandal that has rocked the German landesbank.
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