Kronos Worldwide, Inc. (NYSE:KRO) previously announced the pricing of a public offering of 7.8 million shares of its common stock at a price of $40.00 per share. The Company also granted the underwriters an option to purchase up to an additional 1.17 million shares of common stock to cover over-allotments, if any.
Kronos Worldwide, Inc. engages in the production and marketing of titanium dioxide pigments in North America and Europe.
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Hiru Corporation (HIRU.PK) and its main subsidiary Jiangxi Shuangshi Animal Health Products Co. (Shuangshi AHP Co.) focus on the development, manufacturing and marketing of a broad range of veterinary products for the Chinese Agricultural market. The company has established a strong position in the Chinese animal husbandry market and plans to expand and deliver more new products and solutions to this market in the future.
HIRU subsidiary Jiangxi Shaungshi Pharmaceutical Co., Ltd (Shaungshi AHP) recently launched the Jiangxi Shaungshi Biological Medicines Institute.
Shuangshi AHP is currently researching several new veterinary drugs for development within the next two years. The company launched this new institute to strengthen and speed up the research and development processes. The Institute will allow the company a better focus and concentration of its talent in bio-tech development and research. Shaungshi AHP has elected Li Rui to be director of the institute.
The company intends to continue its work in the development, production and marketing of both well-established and new veterinary drugs, and nutritional additives (amino acids, vitamins, trace elements, etc.) for the Chinese market.
For more information about this company please visit http://www.hirucorporation.com/
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The Reaves Utility Income Fund (AMEX:UTG) recently announced the next three monthly dividends at a rate of $0.115 per common share per month, unchanged from the per share rate paid for the previous quarter. The dividend represents an annualized yield of 6.4% based on the current market price. As of October 7, 2010, the Fund’s market price was $21.71 per share and its net asset value was $21.35 per share.
Reaves Utility Income Fund is a closed ended equity mutual fund launched and managed by W. H. Reaves & Company, Inc.
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Exelixis, Inc. (NASDAQ:EXEL) recently reported financial results for the third quarter ended September 30, 2010. Revenues for the quarter ended September 30, 2010 were $54.5 million, compared to $55.0 million for the comparable period in 2009.
Exelixis, Inc. is a development-stage biotechnology company dedicated to the discovery and development of novel small molecule therapeutics for the treatment of cancer.
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