最新ニュース TCW Transform Systems ETF (NYSE:PWRD)

Perfect World Co., Ltd.

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Fund invest in companies that are creating value by transforming themselves and others to meet the growing demands of climate change. Target companies are primarily those that the Adviser believes are transitioning towards more sustainable business practices, products, or services, as well as companies that are providing enabling technologies to help others transition.

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Vistra Energy Corp.

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TCW Transform Systems ETF

POWERMATIC DATA SYSTEMS by POWERMATIC DATA SYSTEMS LTD.

Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) on Monday announced its strategic alignment with Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) vision for AI data centers, specifically the deployment of 800 VDC power architectures.
Anticipating the demands of future AI deployments, including the NVIDIA Kyber and Rubin Ultra platforms, Vertiv&#8217;s comprehensive 800 VDC power portfolio is slated for release in the second half of 2026.
Aligning with NVIDIA&#8217;s AI roadmap, Vertiv plans to offer power/cooling ahead of each GPU generation for synchronized customer deployments in AI data centers (up to AI factories).
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45459318" rel="noreferrer noopener">Chuck Schumer Blasts Trump For Backing AI Chip Sales To Saudi Arabia, UAE: &#8216;This Deal Could Very Well Be Dangerous&#8217;</a>
As AI rack power exceeds 300kW, Vertiv&#8217;s future 800 VDC portfolio (centralized rectifiers, efficient DC busways, rack DC-DC, DC backup) is expected to provide more efficient, lower-loss centralized power delivery, complementing their existing AC solutions.
Scott Armul, executive vice president of global portfolio and business units at Vertiv said, &#8220;As GPUs evolve to support increasingly complex AI applications at giga-watt scale, power and cooling providers need to be equally innovative to provide energy-efficient and high-density solutions for the AI factories.&#8221;
&#8220;We&#8217;ve spent decades deploying higher-voltage DC architectures across global telecom, industrial, and data center applications. We&#8217;re entering this transition from a position of strength and bringing real-world experience to meet the demands of the AI factory.&#8221;
In April, Vertiv reported first-quarter net sales of $2.04 billion, beating the consensus of&nbsp;$1.94 billion, and adjusted EPS stood at&nbsp;64 cents, <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44953772/vertiv-raises-full-year-outlook-25-organic-sales-growth-fuels-strong-q1" rel="noreferrer noopener">beating&nbsp;the consensus of&nbsp;$0.62</a>.
Investors can gain exposure to the stock via Grizzle Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DARP#NYSE">DARP</a>) and TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWRD#NYSE">PWRD</a>).
Price Action: VRT shares are trading lower by 3.34% to $102.50 premarket at last check Monday.
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Image by T. Schneider via Shutterstock

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Tech

DARP

NVDA

PWRD

Vertiv Develops Power Solutions In Sync With NVIDIA's AI Roadmap

Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) shares are trading higher premarket on Friday after the company disclosed that it had executed a definitive agreement to acquire seven modern natural gas generation facilities for $1.9 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45455973/vistra-to-acquire-natural-gas-assets-building-on-industry-leading-generation-portfolio-to-better-s" rel="noreferrer noopener">or roughly $743 per kilowatt</a> on Thursday.
The facilities totaled around 2,600 MW of capacity <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45455973/vistra-to-acquire-natural-gas-assets-building-on-industry-leading-generation-portfolio-to-better-s" rel="noreferrer noopener">from Lotus Infrastructure Partners</a>.
The acquisition includes five combined cycle gas turbine facilities and two combustion turbine facilities located across PJM, New England,&nbsp;New York, and&nbsp;California, further geographically diversifying Vistra&#8217;s natural gas fleet.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/05/45450466/what-recession-markets-have-erased-every-last-bit-of-economic-pessimism" rel="noreferrer noopener">What Recession? Markets Have Erased Every Last Bit Of Economic Pessimism</a>
The acquisition is projected to immediately benefit Vistra shareholders through accretion to Ongoing Operations AFCFbG1 per share.
Vistra intends to finance the transaction by assuming an existing term loan from Lotus and using available cash.
While the exact amount of the assumed term loan may vary, it is currently anticipated to be about 50% of the purchase price at closing.
The purchase price represents a multiple of approximately 7x the estimated 2026 Adjusted EBITDA before considering any potential synergies.
Upon receiving certain regulatory approvals, the transaction is expected to close in late 2025 or early 2026.
Vistra President&nbsp;and CEO&nbsp;Jim Burke said, &#8220;We believe natural gas-fired generation will continue to play an ever-increasing role in the reliability, affordability, and flexibility of U.S. power grids for years to come.&#8221;
&#8221;The addition of this attractive portfolio of combined cycle and peaking assets allows Vistra to serve growing power demand while exceeding our mid-teens levered return target.&#8221;
The company reaffirmed its previously outlined capital allocation strategy, which includes an anticipated return of capital to shareholders through planned annual dividends of $300 million and a minimum of $1 billion in <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">share repurchases each year</a>.
As of March&nbsp;31, 2025, Vistra had a total available <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45248153/vistra-reports-first-quarter-2025-results" rel="noreferrer noopener">liquidity of around $3.90 billion</a>.&nbsp;
Investors can gain exposure to the stock via Virtus Reaves Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTES#NYSE">UTES</a>) and TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWRD#NYSE">PWRD</a>).
Price Action: VST shares are up 4.79% to $159.35 premarket at the last check on Friday.
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UTES

Why Is Vistra Stock Trading Higher On Friday?

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) on Wednesday disclosed that Korean Air has selected GEnx and GE9X engines to power its newly ordered fleet of 20 <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44499830/korean-air-selects-ge-aerospace-engines-to-power-new-787-10s-and-777-9s" rel="noreferrer noopener">Boeing </a><a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44499830/korean-air-selects-ge-aerospace-engines-to-power-new-787-10s-and-777-9s" rel="noreferrer noopener">777-9s and up to 30 787-10s</a>.
The order also includes a service agreement for the maintenance, repair, and overhaul of the GE9X engines.
This makes Korean Air the first airline in South Korea to operate GE9X-powered aircraft.
The GE9X engine stands as the most powerful commercial aircraft engine and the most fuel-efficient in its category.
Exclusively designed for the Boeing 777X family, including the 777-9 and 777-8, it delivers a 10% improvement in specific fuel consumption over the GE90-115B while achieving next-generation emissions performance.
Notably, like all GE Aerospace commercial engines, both the GEnx and GE9X are already certified to operate with Sustainable Aviation Fuel (SAF) blends.
Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace said, &#8220;Today&#8217;s order represents the next chapter in our long-standing partnership with Korean Air and reaffirms our commitment to support their successful fleet upgrade and expansion.&#8221;
This month, the company revealed its intention to&nbsp;invest&nbsp;nearly $1 billion in its U.S. manufacturing facilities and supply chain to strengthen production capabilities, enhance engine safety, and integrate cutting-edge <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/03/44277627/ge-aerospace-doubles-down-on-us-manufacturing-with-1b-investment-details" rel="noreferrer noopener">materials crucial for the future of aviation</a>.
Investors can gain exposure to the stock via&nbsp;TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWRD#NYSE">PWRD</a>) and&nbsp;iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).
Price Action: GE shares are down 0.23% at $206.89 premarket at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/large-cap/25/03/44458175/ge-aerospace-opens-xeos-facility-to-power-up-leap-engine-overhauls-details" target="_blank" rel="noreferrer noopener">GE Aerospace Opens XEOS Facility To Power Up LEAP Engine Overhauls: Details</a></li>
</ul>

Contracts

iShares Dow Jones US Aerospace & Defense Index Fund

GE Aerospace Lands Major Korean Air Deal: GEnx And GE9X Engines To Power New Boeing Fleet

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) shares are trading higher today. On Monday, the company announced the official opening of XEOS, a cutting-edge engine maintenance, repair, and overhaul (MRO) facility in <a href="https://www.benzinga.com/pressreleases/25/03/n44455045/xeos-inaugurates-cfm-leap-maintenance-in-poland" target="_blank" rel="noreferrer noopener">Środa Śląska, near Wrocław</a>.
XEOS is a 35,000 square meter facility equipped with a range of advanced features, including a main hall for engine and module assembly and disassembly, an engine training center, and a state-of-the-art test cell.
The facility utilizes GE Aerospace&#8217;s proprietary lean operating system, FLIGHT DECK, incorporating the latest best practices in design and operations.
This facility, a joint venture between GE Aerospace and Lufthansa Technik, specializes in the overhaul and repair of CFM International LEAP engines.
Notably, LEAP engines power popular narrowbody aircraft like the Airbus A320neo family (LEAP-1A) and Boeing 737 MAX (LEAP-1B).
XEOS is currently conducting LEAP-1B engine maintenance while also assisting with LEAP-1A module work and engine testing.
In the near future, the facility plans to introduce LEAP-1B test cell capabilities and expand both its overhaul and repair capacities.
In January 2025, Lufthansa Technik and LOT Polish Airlines revealed their MRO agreement for CFM LEAP-1B engines.
The Polish national carrier currently operates 18 Boeing 737 MAX 8 aircraft and has an additional 13 on order, totaling 62 CFM LEAP-1B engines, including spares.
Alan Kelly, general manager of LEAP services at GE Aerospace, said, &#8220;Celebrating 30 years in&nbsp;Poland, GE Aerospace now has over 2,000 employees across six facilities, partnerships with eight local universities, and more than 1,000 local suppliers. We are also focused on developing a skilled aerospace workforce in&nbsp;Poland, including investing in young talent through our Next Engineers program in&nbsp;Warsaw.&#8221;
This month, the company revealed its intention to&nbsp;invest&nbsp;nearly $1 billion in its U.S. manufacturing facilities and supply chain to strengthen production capabilities, enhance engine safety, and integrate cutting-edge <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/03/44277627/ge-aerospace-doubles-down-on-us-manufacturing-with-1b-investment-details" rel="noreferrer noopener">materials crucial for the future of aviation</a>.
Investors can gain exposure to the stock via&nbsp;TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWRD#NYSE">PWRD</a>) and&nbsp;iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).
Price Action: GE shares are up 1.03% at $206.24 at the last check Monday.
Read Next:
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</ul>

GE Aerospace Opens XEOS Facility To Power Up LEAP Engine Overhauls: Details

Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) shares are trading lower after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43651108/vertiv-reports-strong-fourth-quarter-2024-results" rel="noreferrer noopener">reported&nbsp;fourth-quarter&nbsp;results</a>.
Net sales rose&nbsp;26%&nbsp;year-over-year to&nbsp;$2.346&nbsp;billion, beating the consensus of&nbsp;$2.151 billion.
Organic orders (excluding FX) for the TTM ended December 2024 rose ~30% YoY, led by strong demand in the hyperscale and colocation data center market.
Adjusted operating profit surged&nbsp;53% Y/Y to&nbsp;$504&nbsp;million, with the margin expanding 380&nbsp;basis points to&nbsp;21.5%, aided by higher volumes, strong commercial execution, and manufacturing and procurement efficiencies.
Adjusted EPS stood at&nbsp;$0.99, beating&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of&nbsp;$0.82</a>.
Giordano Albertazzi, Vertiv&#8217;s Chief Executive Officer, said, &#8220;Vertiv&#8217;s commitment to customer collaboration and innovation is setting the pace for what&#8217;s possible. But there&#8217;s still more to be done. Efficiency of compute has always been core to the industry.&#8221;
&#8221;As technology advances to unlock the full potential of AI applications, it becomes more broadly accessible to everyone. With that accessibility comes a broader, more pervasive use of AI technology which we believe would generate more data and therefore require more data centers.&#8221;
Operating cash flow reached&nbsp;$425&nbsp;million, and adjusted free cash flow stood at&nbsp;$362&nbsp;million&nbsp;in the quarter.
Liquidity stood at&nbsp;$2.0&nbsp;billion with no borrowings under the ABL credit facility at the end of the quarter.
Outlook: For FY25, Vertiv sees revenue of $9.125 billion &#8211; $9.275 billion vs.&nbsp;consensus of&nbsp;$9.148 billion&nbsp;and adjusted EPS of&nbsp;$3.50 &#8211; $3.60 vs. consensus of&nbsp;$3.56.
For the&nbsp;first quarter, Vertiv expects&nbsp;revenue of&nbsp;$1.900 billion-&nbsp;$1.950 billion (vs.&nbsp;$1.904 billion estimate) and adjusted EPS of&nbsp;$0.57&nbsp;&#8211;&nbsp;$0.63&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">(vs.&nbsp;consensus of&nbsp;$0.64)</a>.
The company projects 2025 organic net sales growth of 15%&nbsp;&#8211;&nbsp;17%.
Investors can gain exposure to the stock via&nbsp;TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWRD#NYSE">PWRD</a>)and&nbsp;AdvisorShares Trust AdvisorShares HVAC and Industrials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HVAC#NYSE">HVAC</a>).
Price Action: VRT shares are down 7.12% at $114.48 at the last check Wednesday.
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Photo via Shutterstock.

Earnings

Guidance

HVAC

Vertiv Rides AI Boom To 26% Sales Growth, But Stock Slips On Mixed Outlook

Perfect World Co., Ltd. (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) today announced that, at an extraordinary general meeting held today, the Company's shareholders voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger dated April 26, 2015 (the "Merger Agreement"), among the Company, Perfect Peony Holding Company Limited ("Parent") and Perfect World Merger Company Limited ("Merger Sub"), pursuant to which, Merger Sub will be merged with and into the Company with the Company continuing as the surviving corporation and becoming a wholly owned subsidiary of Parent (the "Merger"), and the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger") and the transactions contemplated thereby, including the Merger.
Approximately 98.0% of the total votes voted in person or by proxy at today's meeting were in favor of the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger. 
Completion of the Merger is subject to the satisfaction or waiver of the conditions set forth in the
 <a href="http://www.benzinga.com/pressreleases/15/07/n5707913/perfect-world-announces-shareholder-approval-of-merger-agreement">See full press release</a>

Press Releases

Perfect World Shareholders Approve Merger Agreement

Below are the top small-cap multimedia &amp; graphics software stocks on the NYSE and the NASDAQ in terms of return on equity.
The trailing-twelve-month return on equity at Shanda Games Limited(ADR) (ADR) (NASDAQ: <a class="ticker" href="/stock/game#NASDAQ">GAME</a>) is 127.80 percent. Shanda Games' EPS for the same period is $0.62.
The trailing-twelve-month return on equity at China Mobile Games &amp; Entnmnt Grp Ltd (NASDAQ: <a class="ticker" href="/stock/cmge#NASDAQ">CMGE</a>) is 13.40 percent. China Mobile Games &amp; Entnmnt's operating margin for the same period is 17.20 percent.
The trailing-twelve-month return on equity at Perfect World Co., Ltd. (ADR) (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) is 10.00 percent. Perfect World's PEG ratio is 0.77.
The trailing-twelve-month return on equity at KongZhong Corporation (ADR) (NASDAQ: <a class="ticker" href="/stock/kz#NASDAQ">KZ</a>) is 6.60 percent. KongZhong's revenue for the same period is $227.60 million.

Trading Ideas

CMGE

GAME

Top 4 Small-Cap Stocks In The Multimedia & Graphics Software Industry With The Highest ROE

Perfect World Co., Ltd. (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) today announced its recent business developments as of April 30, 2015.
Press Release Issued During the Period:
January 2, 2015 – Perfect World Appoints Mr. Yunfan Zhang as Chief Operating Officer
MOBILE GAMES
In November 2014, Perfect World launched its action MMORPG mobile game "Forever Mars."
In December 2014, Perfect World launched three mobile games, including two 3D action MMORPG mobile games "Dawn after Dark" and "Swordsman Mobile," and a card mobile game "Saint Seiya Mobile."
In March 2015, Perfect World launched its side-scrolling fighting mobile game "Adorable Battlers."
In April 2015, Perfect World launched its puzzle card mobile game "Mega Pudding."
EXPANSION PACKS FOR CLIENT-BASED ONLINE PC GAMES
Recently, Perfect World released expansion packs for two client-based online PC games.
On April 17, 2015, Perfect World released the expansion pack "Master Dugu" for its 3D martial arts MMORPG "Swordsman Online." 
On April 28, 2015, Perfect World released the expansion pack "True Legend" for its 3D MMORPG "Legend of the Condor Heroes." 
CONSOLE GAME
Launch of console game "Neverwinter" through the Xbox One platform in North America, Europe and Russia
Perfect World launched console game "Neverwinter"
 <a href="http://www.benzinga.com/pressreleases/15/04/n5460055/perfect-world-announces-recent-business-developments">See full press release</a>

Management

Perfect World Announces Recent Business Developments

The following are the M&amp;A deals, rumors and chatter circulating on Wall Street for Monday April 27, 2015:
Swedish Orphan Biovitrum AB Confirms Receipt of Preliminary and Conditional Non-binding Proposal for Acquisition of All Shares Issued by Company
The Proposal: Swedish Orphan Biovitrum AB (OTC: <a class="ticker" href="/stock/swtuy#OTC">SWTUY</a>) confirmed Monday, that it has received a preliminary and conditional non-binding proposal in relation to a possible offer for all shares issued by the company. The company issued statemetn in repsonse to media reports.
<a href="http://www.bloomberg.com/news/articles/2015-04-25/swedish-orphan-said-to-be-open-to-sale-amid-boom-in-drug-deals">Bloomberg</a> reported on Saturday that Pfizer and Biogen are among the companies being mentioned as possible buyers. Goldman Sachs was reportedly hired to assist in the sale process.
Teva Reiterates $82.00 Cash, Stock Bid for Mylan
The Offer: Teva Pharmaceutical Industries Ltd. (NYSE: <a class="ticker" href="/stock/teva#NYSE">TEVA</a>) reiterated Monday, its commitment to its proposed combination with Mylan N.V. (NYSE: <a class="ticker" href="/stock/myl#NYSE">MYL</a>) for $82.00 per share, comprised of approximately 50% cash and 50% stock. Mylan had officially rejected the offer on Monday.
Teva President and CEO, Erez Vigodman, said "While we are disappointed that Mylan has formally rejected our proposal, the Teva Board and management team are fully committed to completing the combination of Teva and Mylan, and we stand ready to quickly complete a transaction that is compelling for both Teva and Mylan stockholders". Bloomberg reported Monday, thatTeva's bid for Mylan could go 'hostile'.
Mylan shares fell 5.71% Monday, closing at $71.72.
MasterCard Acquires Applied Predictive Technologies for $600M
The Deal: MasterCard announced Monday, that it has entered into an agreement to acquire cloud-based analytics provider, Applied Predictive Technologies, for $600 million.
MasterCard shares fell 1% Monday, closing at $89.75. 
Applied Materials, Tokyo Electron Limited Agree to Terminate Business Combination Agreement
The Termination: Applied Materials, Inc. (NASDAQ: <a class="ticker" href="/stock/amat#NASDAQ">AMAT</a>) and Tokyo Electron Limited (OTC: <a class="ticker" href="/stock/tkecy#OTC">TKECY</a>) announced Monday, that they have agreed to terminate their Business Combination Agreement. No termination fees will be payable by either party.
Applied Materials shares fell more than 8% Monday, closing at $19.97.
Perfect World Enters into Definitive Agreement for Going Private Transaction for $20.20/ADS in Cash
The Deal: Perfect World Co., Ltd. (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) announced Sunday, that it has entered into a merger agreement with Perfect Peony Holding Company Limited, owned by the Company's founder and chairman, Michael Yufeng Chi, and Perfect World Merger Company Limited, a wholly owned subsidiary of Parent. At the time of the merger, each ADS, which represents five class B ordinary shares, will be cancelled in exchange for the right to receive $20.20 in cash without interest.
The merger is expected to close in H2 of 2015.
Perfect World shares rose more than 4% Monday, closing at $19.32.

Rumors

AMAT

SWTUY

TEVA

TKECY

Benzinga's M&A Chatter for Monday April 27, 2015

IGATE Corp (NASDAQ: <a class="ticker" href="/stock/igte#NASDAQ">IGTE</a>) shares climbed 3.49 percent to $47.45. The volume of IGATE shares traded was 4508 percent higher than normal. Cap Gemini announced its plans to buy IGATE for $4 billion.
 Perfect World Co., Ltd. (ADR) (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) surged 3.78 percent to $19.22. The volume of Perfect World shares traded 2005 percent higher than normal. Perfect World entered into an agreement for going private transaction for $20.20 an ADS. 
 Spectranetics Corp (NASDAQ: <a class="ticker" href="/stock/spnc#NASDAQ">SPNC</a>) shares moved up 3.54 percent to $27.46. The volume of Spectranetics traded was 475 percent higher than normal. Northland Securities upgrades Spectranetics from Underperform to Market Perform.
 Travelzoo Inc. (NASDAQ: <a class="ticker" href="/stock/tzoo#NASDAQ">TZOO</a>) shares rose 6.90 percent to $13.78. The volume of Travelzoo shares traded was 431 percent higher than normal. Travelzoo shares have dropped 26.34 percent over the past 52 weeks, while the S&amp;P 500 index has gained 13.28 percent in the same period.

Intraday Update

Markets

IGTE

SPNC

TZOO

Benzinga's Volume Movers

Synthesis Energy Systems, Inc. (NASDAQ: <a class="ticker" href="/stock/symx#NASDAQ">SYMX</a>) shares jumped 83.33 percent to $1.98 following the announcement of John Paulson stake.
 Can Fite Biopharma Ltd (ADR) (NYSE: <a class="ticker" href="/stock/canf#NYSE">CANF</a>) shares gained 29.96 percent to $2.82 on positive results from further analysis of its Phase II/III psoriasis trial. 
 Ibio Inc (NYSE: <a class="ticker" href="/stock/ibio#NYSE">IBIO</a>) rose 16.93 percent to $1.25. Ibio has begun production of IBIO-CFB03 for clinical development with Caliber Biotherapeutics.
 Aehr Test Systems (NASDAQ: <a class="ticker" href="/stock/aehr#NASDAQ">AEHR</a>) shares surged 15.94 percent to $2.40 after the company announced a $6 million order for a FOX-15 Multi-Wafer Test and Burn-In System.
 TrueCar Inc (NASDAQ: <a class="ticker" href="/stock/true#NASDAQ">TRUE</a>) shares rose 5.70 percent to $16.51. TrueCar is expected to announce Q1 financial results on Thursday, May 7th. TrueCar expected a 6.1% gain in new vehicle sales for April.
 Vale SA (ADR) (NYSE: <a class="ticker" href="/stock/vale#NYSE">VALE</a>) gained 4.92 percent to $8.31 following a report that the company has selected Barclays to advise on Australian asset sale.
 Perfect World Co., Ltd. (ADR) (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) shares surged 3.67 percent to $19.20 as the company entered into an agreement for going private transaction for $20.20 an ADS. 
 IGATE Corp (NASDAQ: <a class="ticker" href="/stock/igte#NASDAQ">IGTE</a>) shares rose 3.36 percent to $47.39 after Cap Gemini announced its plans to buy IGATE for $4 billion.

AEHR

CANF

IBIO

SYMX

TRUE

VALE

Morning Market Gainers

Synthesis Energy Systems, Inc. (NASDAQ: <a class="ticker" href="/stock/symx#NASDAQ">SYMX</a>) shares surged 75.93 percent to $1.90 in pre-market trading following the announcement of John Paulson stake.
 Can Fite Biopharma Ltd (ADR) (NYSE: <a class="ticker" href="/stock/canf#NYSE">CANF</a>) shares rose 23.05 percent to $2.67 in pre-market trading on positive results from further analysis of its Phase II/III psoriasis trial. 
 IGATE Corp (NASDAQ: <a class="ticker" href="/stock/igte#NASDAQ">IGTE</a>) gained 4.13 percent to $47.75 in pre-market trading after Cap Gemini announced its plans to buy IGATE for $4 billion.
 Perfect World Co., Ltd. (ADR) (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) shares climbed 3.59 percent to $19.18 in pre-market trading as the company entered into an agreement for going private transaction for $20.20 an ADS. 
 TrueCar Inc (NASDAQ: <a class="ticker" href="/stock/true#NASDAQ">TRUE</a>) shares gained 3.59 percent to $16.15 in the pre-market trading session. TrueCar is expected to announce Q1 financial results on Thursday, May 7th.

Pre-Market Outlook

Benzinga's Top #PreMarket Gainers

Perfect World Shares Rise 2.5% Premarket as Company Enters Agreement for Going Private Transaction for $20.20/ADS

The following are the M&amp;A deals, rumors and chatter circulating on Wall Street for Friday April 24 through Sunday April 26, 2015:
Pfizer, Biogen Potential Buyers for Swedish Orphan Biovitrum AB, According to Sources
The Rumor: Swedish Orphan Biovitrum AB (OTC: <a class="ticker" href="/stock/swtuy#OTC">SWTUY</a>) would consider a takeover and has held talks with potential suitors, according to sources, <a href="http://www.bloomberg.com/news/articles/2015-04-25/swedish-orphan-said-to-be-open-to-sale-amid-boom-in-drug-deals"> as reported by Bloomberg</a> on Saturday. Pfizer and Biogen are among the companies being mentioned as possible buyers. Sobi has reportedly hired Goldman sachs to assist in the sale process.
Spokespersons for Pfizer, Sobi, and Goldman Sachs declined comment, while Biogen could not immediately reached, according to the report.
Hearing Unconfirmed Market Chatter of Bristol Myers Bid for Celgene of $138/Share
The Rumor: Shares of Celgene Corporation (NASDAQ: <a class="ticker" href="/stock/celg#NASDAQ">CELG</a>) surged higher early Friday, on unconfirmed market chatter it may get a takeover offer from Bristol-Myers Squibb Company (NYSE: <a class="ticker" href="/stock/bmy#NYSE">BMY</a>). The offer is $138 per share, according to sources. SunTrust's Salveen Richter told Benzinga a takeover of Celgene is possible, as virtually all biotech names are "in play" for large pharmaceutical companies.
Spokespersons for Celgene and Bristol-Myers Squibb did not respond to requests for comment.
Celgene shares rose more than 2% Friday, closing at $118.71.
Infosys to Acquire Kallidus for $120M
The Deal: Infosys Ltd (NYSE: <a class="ticker" href="/stock/infy#NYSE">INFY</a>) announced Friday, it has entered into a definitive agreement to acquire provider of digital experience solutions, Kallidus Inc., for $120 million in cash, including retention bonus and a deferred component. 
Infosys shares fell 9% Friday, closing at $31.81. 
Apollo Global Management Looking to Sell Hostess for $2B
The Rumor: Apollo Global Management (NYSE: <a class="ticker" href="/stock/apo#NYSE">APO</a>) and C. Dean Metropoulos are looking to sell Hostess for $2 billion, <a href="http://nypost.com/2015/04/23/new-hostess-owners-looking-to-flip-twinkie-maker-for-2-billion/">according to the NY Post</a>. That would give the investors a profit of $1.5 billion from their investment of $200 million. 
Sources say Hostess is being shopped to competitors, including Flowers Foods, Inc. (NYSE: <a class="ticker" href="/stock/flo#NYSE">FLO</a>) , Mondelez International, Inc. (NASDAQ: <a class="ticker" href="/stock/mdlz#NASDAQ">MDLZ</a>), The Hershey Company (NYSE: <a class="ticker" href="/stock/hsy#NYSE">HSY</a>) and Campbell Soup Company (NYSE CPB). The investment group acquired Hostess in March 2013.
Apollo declined comment on the report.
Apollo shares rose $0.27 Friday, closing at $22.02.
Comcast Confirms Deal with Time Warner Cable, Charter Terminated
The Termination: Comcast Corporation announced Friday, that its merger agreement with Time Warner Cable and its transactions agreement with Charter Communications, Inc. have been terminated. CEO Brian Roberts stated: "Today, we move on." "...we structured this deal so that if the government didn't agree, we could walk away."
Comcast shares rose $0.69 Friday, closing at $59.64. Time Warner Cable shares closed at $148.76 on Friday, but traded at $151 after-hours.
Scholastic to Sell Educational Technology Business to Houghton Mifflin Harcourt for $575M
The Deal: Scholastic Corporation (NASDAQ: <a class="ticker" href="/stock/schl#NASDAQ">SCHL</a>) announced Friday, that it has agreed to sell its Educational Technology and Services business to Houghton Mifflin Harcourt Company (NASDAQ: <a class="ticker" href="/stock/hmhc#NASDAQ">HMHC</a>) for $575 million in cash. The deal is expected to close in Q2 of 2015.
Scholastic shares had risen more than 6 points on Monday and Tuesday, ahead of the announcement.
Scholastic Corporation shares fell $1.60 Friday, closing at $40.75.
Perfect World Enters into Definitive Agreement for Going Private Transaction for $20.20/ADS in Cash
The Going Private Bid: Perfect World Co., Ltd. (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) announced Sunday, that it has entered into a merger agreement with Perfect Peony Holding Company Limited, owned by the Company's founder and chairman, Michael Yufeng Chi, and Perfect World Merger Company Limited, a wholly owned subsidiary of Parent. At the time of the merger, each ADS), which represents five class B ordinary shares, will be cancelled in exchange for the right to receive $20.20 in cash without interest.
The merger is expected to close in H2 of 2015.
Perfect World shares rose $0.26 Friday, closing at $18.52.

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Benzinga's Weekend M&A Chatter

Perfect World Co., Ltd. (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) today announced that it has entered into an Agreement and Plan of Merger with Perfect Peony Holding Company Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and beneficially owned by Mr.&nbsp;Michael Yufeng Chi, the Company's founder and chairman of the board of directors, and Perfect World Merger Company Limited, a wholly owned subsidiary of Parent.
Subject to satisfaction of the Merger Agreement's terms and conditions, Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each of the Company's ordinary shares issued and outstanding immediately prior to the effective time of the Merger (the "Shares") will be cancelled and cease to exist in exchange for the right to receive US$4.04 in cash without interest, and each American Depositary Share of the Company (the "ADS"), which represents five class B ordinary shares, will be cancelled
 <a href="http://www.benzinga.com/pressreleases/15/04/n5443569/perfect-world-enters-into-definitive-agreement-for-going-private-transa">See full press release</a>

Perfect World Enters Agreement for Going Private Transaction for $20.20/ADS

Retains Paul Hastings as legal counsel in connection with potential 'going private transaction.

Asset Sales

Perfect World Special Committee Engages Financial Advisors, Legal Counsel

The following are the M&amp;A deals, rumors and chatter circulating on Wall Street for Friday January 2 through Sunday January 4, 2014
Perfect World Reports Chairman's Preliminary Non-Binding 'Go-Private' Offer of $20/ADS
The Offer: Perfect World Co., Ltd. (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) announced Friday, that its board of directors has received a preliminary non-binding proposal from its founder and chairman, Mr. Michael Yufeng Chi, to acquire all of the outstanding shares of Perfect World he does not currently own, in a going private transaction for $20.00 per ADS ($4.00 per ordinary share) in cash. 
Perfect World's Board has formed a special committee of independent directors to consider the proposal. 
Perfect World shares closed Friday at $19.25, up 22%.
Kindred Acquires Centerre Healthcare for $195M
The Deal: Kindred Healthcare, Inc. (NYSE: <a class="ticker" href="/stock/knd#NYSE">KND</a>) announced Friday, that it has completed the previously announced acquisition of Centerre Healthcare Corporation for approximately $195 million in cash.
Kindred Healthcare shares closed Friday at $17.77, down more than 2%.
Cantel Medical Acquires Pure Water Solutions for $11.9M in Cash
The Deal: Cantel Medical Corp. (NYSE: <a class="ticker" href="/stock/cmn#NYSE">CMN</a>) announced Friday, that it acquired the assets of Pure Water Solutions, Inc. for $11.9 million in cash consideration. 
Cantel Medical shares closed Friday at $42.73, a loss of more than 1%.

13D Filing from Perfect Human Holdings on Perfect World Shows 16.8% Stake

Following the market opening Friday, the Dow traded up 0.34 percent to 17,883.08 while the NASDAQ climbed 0.32 percent to 4,751.29. The S&amp;P also rose, gaining 0.35 percent to 2,066.11.

	Leading and Lagging Sectors
	In trading on Friday, healthcare shares were relative leaders, up on the day by about 0.90 percent. Meanwhile, top gainers in the sector included Idera Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="/stock/idra#NASDAQ">IDRA</a>), up 6.1 percent, and Cutera, Inc. (NASDAQ: <a class="ticker" href="/stock/cutr#NASDAQ">CUTR</a>), up 7.1 percent.

	Energy shares slipped around 0.37 percent in Friday&rsquo;s trading. Meanwhile, top decliners in the sector included Petr&oacute;leo Brasileiro S.A. - Petrobras (NYSE: <a class="ticker" href="/stock/pbr#NYSE">PBR</a>), down 7 percent, and Denbury Resources Inc. (NYSE: <a class="ticker" href="/stock/dnr#NYSE">DNR</a>), off 5.5 percent.

	Top Headline
	Rite Aid Corporation (NYSE: <a class="ticker" href="/stock/rad#NYSE">RAD</a>) reported <a href="http://www.benzinga.com/news/15/01/5115311/rite-aid-surges-following-december-sales-results"> December sales </a> results. 
	Total drugstore sales for the four-week period increased 4.9 percent to $2.212 billion compared to $2.109 billion for the same period last year.

	Prescription sales accounted for 64.8 percent of drugstore sales, and third party prescription sales represented 97.6 percent of pharmacy sales. Same-store sales increased 5.3 percent over the prior-year period.
	Equities Trading UP
	Perfect World Co., Ltd. (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) shares shot up 20.46 percent to $18.99 after the company reported Chairman&#39;s preliminary non-binding &#39;go-private&#39; offer at $20 per ADS. The company also named Yunfan Zhang as COO.
	Shares of Rite Aid Corporation (NNY RAD) got a boost, shooting up 2.30 percent to $7.69 after the company reported December same-store sales. Total drugstore sales for the four-week period increased 4.9 percent to $2.212 billion compared to $2.109 billion for the same period last year.

	Fidelity National Financial, Inc. (NYSE: <a class="ticker" href="/stock/fnf#NYSE">FNF</a>) shares were also up, gaining 3.13 percent to $35.53. Stephens &amp; Co. upgraded Fidelity National from Equal-weight to Overweight and raised the price target from $31.00 to $43.00.

	Equities Trading DOWN

	MiMedx Group, Inc. (NASDAQ: <a class="ticker" href="/stock/mdxg#NASDAQ">MDXG</a>) shares tumbled 19.44 percent to $9.29 after the company reported that it has filed a federal lawsuit against Organogenesis. The company also announced that the Office of Inspector General of the Department of Health and Human Services is investigating the company&rsquo;s sales and marketing activities.

	Shares of Ballard Power Systems Inc. (NASDAQ: <a class="ticker" href="/stock/bldp#NASDAQ">BLDP</a>) were down 5.97 percent to $1.86 after the company reported that it has terminated license agreements with Azure. The company said it will not achieve 2014 sales and adjusted EBITDA outlook.

	Synaptics Inc. (NASDAQ: <a class="ticker" href="/stock/syna#NASDAQ">SYNA</a>) was down, falling 6.29 percent to $64.51. Analysts at Pacific Crest downgraded Synaptics from Outperform to Sector Perform and removed the price target of $100.

	Commodities 
	In commodity news, oil traded down 0.83 percent to $52.83, while gold traded down 1.02 percent to $1,172.00.

	Silver traded down 0.09 percent Friday to $15.59, while copper fell 0.32 percent to $2.82.

	Eurozone
	European shares were higher today. The eurozone&rsquo;s STOXX 600 rose 0.15 percent, the Spanish Ibex Index gained 1.48 percent, while Italy&rsquo;s FTSE MIB Index jumped 1.16 percent. Meanwhile, the German DAX rose 0.16 percent, and the French CAC 40 climbed 0.44 percent while UK shares gained 0.16 percent.

	Economics
	The final reading of the Markit manufacturing index slipped to 53.9 in December, versus 54.8 in November.

	The ISM manufacturing composite index fell to 55.50 in December, versus a prior reading of 58.70. However, economists were expecting a reading of 57.60.

	U.S. construction spending declined 0.3% to an annual rate of $975 billion in November. However, economists were estimating a 0.2% gain.

Downgrades

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Mid-Morning Market Update: Markets Open Higher; Rite Aid Posts Rise In December Sales

Perfect World Co., Ltd. (NASDAQ: <a class="ticker" href="/stock/pwrd#NASDAQ">PWRD</a>) surged 20.75% to $19.03. The volume of Perfect World shares traded 844% higher than normal. Perfect World reported Chairman's preliminary non-binding 'go-private' offer at $20 per ADS. The company also named Yunfan Zhang as COO.
 Linn Energy, LLC (NASDAQ: <a class="ticker" href="/stock/line#NASDAQ">LINE</a>) shares climbed 10.66% to $11.21. The volume of Linn Energy shares traded was 347% higher than normal. Linn Energy lowered its 2015 capital expenditure budget to $730 million. The company also reduced its annual distribution to $1.25 per unit from $2.90 per unit.
 Linn Co, LLC (NASDAQ: <a class="ticker" href="/stock/lnco#NASDAQ">LNCO</a>) shares rose 5.53% to $10.94. The volume of Linn Co shares traded was 160% higher than normal. Linn Co lowered its 2015 capital expenditure budget and also reduced its annual distribution. 
 Kite Pharma, Inc. (NASDAQ: <a class="ticker" href="/stock/kite#NASDAQ">KITE</a>) shares moved up 2.09% to $58.88. The volume of Kite Pharma traded was 105% higher than normal. Credit Suisse reiterated an Outperform rating on Kite Pharma and raised the price target from $34.00 to $71.00.

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