Last $0.15 USD
Change Today +0.0045 / 3.18%
Volume 70.4K
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As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

affymax inc (AFFY) Key Developments

Affymax, Inc. Declares Special Cash Distribution, Payable on or About December 23, 2014; Appoints Jonathan M. Couchman as Class I Director, President and Chief Executive Officer

Affymax, Inc. announced that its board of directors has declared a special cash distribution to shareholders in the amount of $0.05 per share. The special cash distribution will be paid to shareholders of record at the close of business on December 2, 2014, the record date, on or about December 23, 2014. The board has also appointed Jonathan M. Couchman as a Class I director of the company and as its President and Chief Executive Officer, and the remaining members of the board have resigned. The company, under the leadership of Mr. Couchman, will continue its evaluation of strategic alternatives. Jonathan M. Couchman serves as Chairman of the Board, Chief Executive Officer and Chief Financial Officer of Xstelos Holdings, Inc., and Myrexis, Inc. and previously served as Director of Golf Trust of America, during its evaluation of strategic alternatives, which culminated in the reverse merger of privately owned Pernix Therapeutics Holdings, Inc. into Golf Trust of America, effective March 9, 2010.

Affymax Seeks Acquisitions

Affymax, Inc. (OTCPK:AFFY) is looking for acquisitions. Jonathan M. Couchman, President and Chief Executive Officer of Affymax said, ""I appreciate the opportunity to continue to pursue strategic opportunities to further maximize value for shareholders, including the potential to make new investments and acquisitions among other alternatives".

Affymax Files Form 15

Affymax, Inc. announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock, par value $0.001 per share under the Securities Exchange Act of 1934, as amended.

Pomerantz Law Firm Announces Summary Notice of Pendency and Proposed Settlement of Affymax, Inc. Class Action and Settlement Hearing

Pomerantz law firm announced summary notice of pendency and proposed settlement of Affymax, Inc. class action and settlement hearing. Pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Northern District of California, a hearing will be held on December 10, 2014, at 2 p.m., before the Honorable William H. Orrick, United States District Judge, Courtroom 2, 17(th) Floor, at the courthouse for the United States District Court, Northern District of California, San Francisco Courthouse, 450 Golden Gate Avenue, San Francisco, California 94102, for the purpose of determining, among other things, whether: (1) the proposed settlement of the class's claims against the defendants for $6,500,000.00 should be approved as fair, reasonable and adequate; (2) the plan of allocation is fair, reasonable, and adequate and should be approved; (3) the application by lead counsel for an award of attorneys' fees and expenses should be approved; (4) the lead plaintiff's application for reimbursement of costs and expenses should be granted; and (5) the action should be dismissed with prejudice against the defendants as set out in the settlement stipulation filed with the court. If a person purchased or otherwise acquired Affymax common stock between August 8, 2012 and February 22, 2013, inclusive (settlement class period), both dates inclusive, his rights may be affected by this action and the settlement thereof.

Affymax, Inc., Special/Extraordinary Shareholders Meeting, Sep 23, 2014

Affymax, Inc., Special/Extraordinary Shareholders Meeting, Sep 23, 2014., at 10:00 Pacific Standard Time. Location: Seaport Conference Center - Spinnaker Room 459 Seaport Ct. Agenda: To consider and vote upon a proposal to approve the voluntary dissolution and liquidation of Affymax pursuant to a plan of liquidation; to grant discretionary authority to the board of directors to adjourn the special meeting, even if a quorum is present, to solicit additional proxies in the event that there are insufficient shares present in person or by proxy voting in favor of the dissolution and liquidation of the company pursuant to the plan of dissolution; and to consider any other business properly brought before the meeting or any adjournment or postponement thereof by or at the direction of the board of directors.

 

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Price/Earnings 1.7x
Price/Sales 126.3x
Price/Book 1.0x
Price/Cash Flow 1.7x
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