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; john.kell@dowjones.com

Stock News for Mannkind (MNKD)
DateTimeHeadline
06/30/201409:34:43U.S. Hot Stocks: Hot Stocks To Watch
04/07/201409:55:50U.S. Hot Stocks: Hot Stock to Watch
04/03/201409:30:06MARKET SNAPSHOT: U.S. Stocks Up; S&P 500 Hits Record
04/02/201412:16:22MARKET SNAPSHOT: U.S. Stocks Edge Higher; S&P 500 Hits Record
04/02/201409:27:32U.S. Hot Stock Futures: Hot Stocks to Watch
11/15/201308:55:36Highbridge Capital Management 3Q 13F: Holdings As -2-
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201308:53:19D. E. Shaw & Co. LP 3Q 13F: Largest Eliminations
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Eliminations -2-
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Sales
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Purchases
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Largest Purchases
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Holdings As Of Sep -2-
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Holdings As Of Sep 30
11/15/201306:39:13CR Intrinsic Investors 3Q 13F: Largest Purchases -2-
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases
08/12/201306:29:50U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
06/24/201119:46:35Amylin, MannKind Shares Rise On Diabetes Data Releases
12/30/201017:22:24Approvals Of New Drugs Down In 2010 Vs 2009, 2008

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad