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$NEM, which entered into a sales deal worth of $1.3Bil with PTNNT in June, said that PTNNT deal is expected to close in 3Q16. $NEM said that this decision will strengthen its portfolio by lowering risks. After the close, gold will make up 92% of the company's reserves. Cash proceeds will be used to repay debt and self-fund $NEM's best projects.
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.