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Industrial gases producer $APD intends to spin-off its Electronic Materials Division (EMD) to shareholders as a separate public company, called Versum Materials. The company is on track to separate EMD by the end of Sept. 2016. $APD will continue to evaluate whether debt and equity market conditions are favorable for a tax-free spin-off.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.