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Los Angeles-based VCA Antech Inc. was this week’s biggest mover, gaining 29 percent to end at $91.25. ImmunoCellular Therapeutics Ltd was also among the week’s movers. The Calabasas-based clinical-stage immune-based therapy company gained 27 percent to end at $2.75. Los Angeles internet advertising and marketing technology company Social Reality Inc. was the week’s biggest loser, dropping 21 percent to end at $3.94.
VCA Inc., the West Los Angeles-based chain of veterinary clinics received a buyout offer Monday from Mars Inc. valued at $9.1 billion, according to the companies.
Glendale-based Apollo Medical Holdings Inc. was the week’s biggest gainer jumping 33.3 percent to close the week at $10. Arrowhead Pharmaceuticals Inc. also posted big gains. The Pasadena biotech firm ticked up 26.4 percent to close at $1.96. Downtown advertising firm Social Reality Inc. was the week’s biggest loser, dropping 18.6 percent to close at $5.
Bankers are investing in expansion in expectation of a strong year of growth.
A Look Ahead: What’s on the agenda for Los Angeles business in the coming week
Seth Manheimer sure wishes the “bill of rights” for customers of the Los Angeles Department of Water and Power that will be voted on Jan. 17 had been around a year ago when he was trying to open a yoga studio in Hollywood.
INTERNET: Ex-employee alleges company misled him on app user metrics.
Fired executive claims Snap misstated growth to present better image for IPO.
OpenGate Capital announced today it sold its portfolio company Getronics LATAM to a South American private investment firm Southern Cross Group for 11 times what they paid for the company in 2012. The Century City-based private equity shop did not disclose financial details of the transaction.
West Los Angeles patent portfolio holding company Marathon Patent Group Inc. was this week’s biggest gainer, shooting up 12.4 percent to close at $1.72. Fulgent Genetics Inc., the Temple City-based genetic testing company, also was up big, gaining 11.8 percent to close at $11.57. The week’s biggest loser was Differential Brands Group Inc. of Commerce, which lost 16.3 percent to close at $2.35.
Pasadena-based Arrowhead Pharmaceuticals Inc. was this week’s biggest mover, gaining 28 percent to end at $1.59. Ares Management LP was also among the week’s movers. The Los Angeles-based global alternative asset manager gained 15 percent to end at $18.45. Malibu toy marketing company Jakks Pacific, Inc. was this week’s biggest loser, dropping 28 percent to end at $5.05.
Although the San Diego Chargers have not yet pulled the plug on their hometown, the team is making plans for a possible move to Los Angeles.
Beverly Hills-based Atar Capital has acquired Furmanite’s Midstream Quality Assurance Business, a carveout from Tulsa’s Team Inc.
Puma Biotechnology Inc. announced Tuesday that the company would move its stock listing from the New York Stock Exchange to the Nasdaq effective Jan., 3.
West Los Angeles intellectual property licensing firm Marathon Patent Group Inc. was the week’s big winner, gaining 13 percent to close at $1.74. Following closely behind was Santa Monica cancer treatment research firm Kite Pharma Inc., which gained 12.8 percent to close at $51.76. The week’s biggest laggard was Nova Lifestyle Inc. The Commerce-based furniture maker’s stock price was down 15.2 percent to close at $1.96.
The Gores Group filed notice Friday with the Securities and Exchange Commission announcing an initial public offering for the private equity firm’s second “blank check” company, Gores Holdings II.