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$REXX said its bank group has reaffirmed existing $190MM borrowing base under senior secured credit facility, inclusive of sale of the Illinois Basin asset. The reaffirmed borrowing base is another positive step with various transactions it has executed over past year to improve overall liquidity and reduce capital expenditures.
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.