ADVFN - Advanced Financial Network.
HOME» NASDAQ » M » MNKD Stock Price » MNKD Stock News

Mannkind Share News

 Mannkind (mm) Stock Price
MNKD Stock Price
 Mannkind (mm) Stock Chart
MNKD Stock Chart
 Mannkind (mm) Stock News
MNKD Stock News
 Mannkind (mm) Company Information
MNKD Company Information
 Mannkind (mm) Stock Trades
MNKD Stock Trades

MannKind To Offer 8 Million Shares, Agrees To Share Lending Pact

DOW JONES NEWSWIRES MannKind Corp. (MNKD) announced Monday that it would offer up to 8 million shares, as the biopharmaceutical company said it would enter into a share-lending agreement with Bank of America Corp. (BAC). Shares of the company, which develops and markets therapeutic products to treat diabetes, cancer and other diseases, fell 6.9% to $6.35 in after-hours trading. As of Monday's close, the stock is down 22% in the year to date. Bank of America's Merrill Lynch intends to sell the borrowed shares in the common stock offering and to use the resulting short position to facilitate short sales and privately negotiated derivative transactions by which some investors in a concurrent offering of $100 million of notes due in 2015 may hedge their investment in the notes. MannKind won't receive any proceeds from the offering, but will receive a one-time loan fee. Bank of America will be required to return the borrowed shares pursuant to the terms of the lending agreement. The news came after MannKind last week said it planned to issue as many as 36.4 million shares in separate deals to Mann Group LLC and private investment firm Seaside 88 LP as it works to reduce its debt. The company recently had about 114 million shares outstanding. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for Mannkind (MNKD)
11/25/201517:12:39Current Report Filing (8-k)
11/21/201509:41:033 Earnings Reports That Surprised Us This Quarter
11/20/201510:20:00MannKind CEO Resigns
11/20/201508:00:00MannKind Announces Senior Management Changes
11/20/201508:00:00MannKind Announces Senior Management Changes
11/19/201516:22:02MannKind's Desperation Move Comes Up Short -- Now What?
11/16/201513:00:03Why MannKind's Listing in Israel Might Not Matter
11/13/201510:42:02It's Time for MannKind Investors to Come to Grips With Reality
11/12/201514:31:40MannKind Announces Pricing of Registered Direct Offering
11/12/201514:31:40MannKind Announces Pricing of Registered Direct Offering
11/12/201512:31:20Why MannKind Corporation Is Soaring Today
11/11/201516:11:50MannKind Confirms Planned Stock Sale
11/11/201516:11:50MannKind Confirms Planned Stock Sale
11/11/201513:13:13Here's Why MannKind Corporation's Stock Is Crashing Today
11/10/201511:48:02Why MannKind Corporation Shares Are Down Big Today
11/09/201516:30:32Current Report Filing (8-k)
11/09/201516:19:44Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
11/09/201507:01:44Current Report Filing (8-k)
11/09/201506:38:39Quarterly Report (10-q)
11/09/201506:00:00MannKind Corporation Reports 2015 Third Quarter Financial Results

Mannkind and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations