By Mitchell Young
Shares of Alexion stock have taken off after being pummeled by concerns about executive turnover at the company and reports of “aggressive sales practices." The C-Suite changes were initiated by new CEO Ludwig Hantson.
The stock was trading at $96.95 as recently as May 26, down from a 52 week high of $145.
On June 14, after the announcement, filling the last of the company’s major management slots, with the hiring of Paul Clancy the day before, as the new CFO. [Clancy was previously with Biogen of Cambridge, MA, see New CFO and A Possible Looming Write Off - Help Boost Alexion Stock ] the stock made a 9% plus gain.
On June 14, Hantson purchased $1.16 million of the stock in the open market at approximately $116 per share. He was joined by Alexion board members Christopher Couglin who picked up $230,000 of shares and Alvin Parven who purchased $100,000 worth, both at around $116 per share as well.
Hartford: According to the a survey from the Connecticut Business and industry Association, Connecticut businesses continue to maintain a cautious outlook in the first quarter of 2017, according to the survey released in early June
Connecticut businesses continue to maintain a cautious outlook in the first quarter of 2017, according to a new survey released today.
The 2017 CBIA/Farmington Bank 1st Quarter Economic and Credit Availability Survey found 37% of business leaders expect improved conditions for their firms over the next three months, down from 40% the previous quarter.
Stamford: Ted Taylor settled onto an upholstered leather bench in an unfinished booth at the new Bobby Valentine’s restaurant and sports bar, the Connecticut Gold Coast’s introduction to a plusher version of what’s been a shrinking, down-market gambling niche — off-tracking betting.
He is from Sheffield, England, late of Her Majesty’s Royal Naval Service and currently in the employ of Sportech PLC, the British company that owns the Connecticut rights to pari-mutuel betting on horses, dogs and jai alai. State records show gamblers bet $88 million last year at the state’s 16 OTB facilities or by computer or smartphone. Yes, there’s an app for that.
Taylor showed off the new place before its opening last Friday, raising his voice above the sounds of cordless drills and hammering, pausing to check with an architect and chef, as he talked about the transitional state of gambling in Connecticut, the improbable home of two of the world’s largest casinos, the scene of a frantic lobbying fight over the rights to build a third.
Mashantucket, Uncasville: Connecticut’s casinos have reported mixed results for April.
Foxwoods reported slot revenue of $39.4 million for the month, down 3% compared to $40.7 million in April of 2016, the state received $10.5 million.
In an effort to maintain its franchise with Massachusetts gamblers the casino promoted Wicked Good Times celebration for the month, including bonus play on slots and table games and luxurious overnight getaways.
Foxwoods opened the Sugar Factory American Brasserie, with the help supermodel Nina Agdal and rapper/ actor Nick Cannon, who manned the turntables as the evening's DJ at an opening celebration.
The sun was shining a little brighter on the Mohegan Sun Casino in April, it reported a 3% percent increase in revenue from its slot machines in April. With monthly revenue, of $50,986,908.
|Meyers, Harrison & Pia,, CEO, Mark Harrison Signing Up with Marcum|
New Haven: One of greater New Haven’s largest independent account firms has merged with the Marcum LLP a national accounting and advisory services firm, effective immediately. Meyers, Harrison & Pia, LLC and Meyers, Harrison & Pia Valuation and Litigation Support, LLC (MHP) brings 55 partners and staff in New Haven, Connecticut, and Portland, Maine.
MHP was founded in 1954, and according to a news releases from Marcum, “the firm [MHP] specializes in complex business valuation, financial forensic, and litigation support engagements. MHP partners are authoritative speakers, authors and reviewers on valuation and economic damages topics, and serve frequently as court-appointed or jointly retained neutral witnesses in dispute resolution matters.”
“Meyers, Harrison & Pia’s deep expertise in valuation and litigation support and its broad offering in traditional tax, audit and accounting make the firm a perfect strategic fit for Marcum,” said Jeffrey M. Weiner, Marcum’s managing partner.”
The acquisition of MHP expands Marcum’s New England footprint, adding to the existing New Haven office and adding an office in Maine.” Marcum’s New England offices include, New Haven, Hartford, Greenwich, Boston and Providence.
“Joining Marcum will give MHP’s clients and staff significantly greater resources as well as access to a deep bench of talent across the firm’s practice areas, including in advisory services. said MHP CEO Mark Harrison, partner-in-charge of valuation and litigation services, will join the Marcum executive committee.
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