Generic Drugmakers Block Suitors, but Is That Good or Bad News?
Todd Campbell, The Motley Fool - Motley Fool - Sun Nov 15, 6:20AM CST
Image source: Flickr user stockmonkeys.com. In May, I discussed the ongoing war of words being exchanged between generic drugmakers that were the subject of potential megamergers and concluded that Mylan N.V. wouldn't be likely to sweeten the...
PRGO: 146.90 (-9.65), MYL: 48.78 (+5.58), TEVA: 58.01 (-0.32)
Mylan Bid For Perrigo Fails On Shareholder Vote
at Investor's Business Daily - Fri Nov 13, 3:41PM CST
Shareholders of Perrigo (PRGO) rejected a hostile takeover bid by fellow generic drug maker Mylan (MYL) Friday morning, sending Perrigo stock down and Mylan up. Mylan said in a press release that by the 8 a.m. ET deadline some 40% of Perrigo shares...
PRGO: 146.90 (-9.65), MYL: 48.78 (+5.58)
JC Penney and Mylan are big market movers
AP - Fri Nov 13, 3:24PM CST
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
FOSL: 32.39 (-18.62), TYC: 35.31 (-1.19), AMAT: 17.24 (+0.71), LOCO: 10.20 (-1.32), MYL: 48.78 (+5.58), JWN: 53.96 (-9.51), CSCO: 26.21 (-1.62)
Perrigo Shareholders Give Thumbs Down to $34 Billion Mylan Offer
at The Street - Fri Nov 13, 2:44PM CST
Both companies are expected to seek out other M&A opportunities, following the failed buyout bid.
PRGO: 146.90 (-9.65), MYL: 48.78 (+5.58), TEVA: 58.01 (-0.32)
Big deal momentum may carry into 2016 for health care
By TOM MURPHY - AP - Fri Nov 13, 1:16PM CST
With $2 trillion in buyouts since January, 2015 has become the year of the megadeal, fueled by free money in a zero-interest rate environment.
CI: 131.57 (+0.18), ANTM: 132.55 (-0.88), PFE: 33.27 (-0.12), ANTX: 44.63 (-0.45), MYL: 48.78 (+5.58)
Stocks Are On Track to Snap Six-Week Winning Streak
at The Street - Fri Nov 13, 11:50AM CST
Stocks move lower on Friday, on track to snap a six-week winning streak, as debate over whether the Federal Reserve might hike rates in December continues.
FOSL: 32.39 (-18.62), PRGO: 146.90 (-9.65), AMAT: 17.24 (+0.71), JCP: 7.44 (-1.35), MYL: 48.78 (+5.58), CSCO: 26.21 (-1.62), YUM: 69.47 (+2.35)
Mylan N.V.'s Hostile Takeover Attempt of Perrigo Fails -- Investors Cheer
Brian Feroldi, The Motley Fool - Motley Fool - Fri Nov 13, 11:34AM CST
What: Shares of Mylan N.V. , a leading manufacturer of generic drugs, were up more than 13% in early morning trading today after news was released that its most recent attempt to takeover fellow drugmaker Perrigo has failed. Perrigo's investors...
PRGO: 146.90 (-9.65), MYL: 48.78 (+5.58)
Major Averages Take More Heat; Retail Stocks Slammed On Weak Data
at Investor's Business Daily - Fri Nov 13, 10:44AM CST
A sell-off in retail stocks weighed on the major averages near midday Friday after October retail sales data missed expectations. Another big drop in oil prices didn't help matters. The Dow Jones industrial average and Nasdaq each lost 0.8%. The S&P...
RH: 92.57 (-6.52), PRGO: 146.90 (-9.65), MYL: 48.78 (+5.58), ULTA: 155.20 (-14.16), PLNT: 16.07 (+1.04), SIG: 136.42 (-4.72), PAYC: 41.04 (-3.31)
Stocks Drop as Fed's Mester Says Time for Rate Hike 'Quickly Approaching'
at The Street - Fri Nov 13, 10:19AM CST
Stocks move lower on Friday after Cleveland Fed President Loretta Mester says the time for a rate hike is nearing.
FOSL: 32.39 (-18.62), PRGO: 146.90 (-9.65), AMAT: 17.24 (+0.71), JCP: 7.44 (-1.35), JWN: 53.96 (-9.51), MYL: 48.78 (+5.58), CSCO: 26.21 (-1.62), YUM: 69.47 (+2.35)
Stocks Falter At Start Of Trade; Fossil, El Pollo, GameStop Slide
at Investor's Business Daily - Fri Nov 13, 9:34AM CST
Stocks again opened to narrow losses on Friday, with retail sector stocks experiencing unusually heavy selling. The Nasdaq hurt worst, down 0.9%. The Dow Jones industrial average carved out a 0.7% decline and the S&P 500 fell 0.5%. Trade was mixed,...
FOSL: 32.39 (-18.62), PRGO: 146.90 (-9.65), MON: 93.78 (+0.90), SYT: 74.78 (+5.63), GME: 37.18 (-7.35), AMAT: 17.24 (+0.71), LOCO: 10.20 (-1.32), JWN: 53.96 (-9.51), MYL: 48.78 (+5.58), XRS: 40.71 (-0.19), PAYC: 41.04 (-3.31)
Perrigo to go it alone; shareholders reject $26B Mylan bid
By TOM MURPHY - AP - Fri Nov 13, 9:33AM CST
Shareholders of the drugmaker Perrigo shut the door on a $26-billion hostile takeover bid from Mylan.
MYL: 48.78 (+5.58)
Mylan (MYL) Stock Soars, Loses $26 Billion Hostile Bid for Perrigo
at The Street - Fri Nov 13, 8:19AM CST
Mylan (MYL) stock is spiking in pre-market trading on Friday, after its hostile bid for Perrigo (PRG) failed as only 40% of Perrigo shareholders backed of the deal.
MYL: 48.78 (+5.58)
Stock Futures Dig Deeper; Perrigo, Nordstrom, Cisco Tumble
at Investor's Business Daily - Fri Nov 13, 8:05AM CST
Stock futures shook another leg down before Friday's open after disappointing readings on retail sales and producer prices. Dow futures shed 53 points, down from a 31-point loss an hour earlier. Nasdaq 100 futures were down 18.7 points and falling....
FIT: 27.86 (-3.82), PSX: 89.08 (-0.16), PRGO: 146.90 (-9.65), NTES: 148.11 (-5.23), MON: 93.78 (+0.90), GME: 37.18 (-7.35), MYL: 48.78 (+5.58), FOSL: 32.39 (-18.62), SYT: 74.78 (+5.63), JCP: 7.44 (-1.35), LOCO: 10.20 (-1.32), JWN: 53.96 (-9.51), ROST: 44.81 (-3.30), CSCO: 26.21 (-1.62), BHI: 47.66 (-0.48)
Mylan Announces Results of Offer to Acquire Perrigo and Lapse of Offer
PR Newswire - Fri Nov 13, 7:39AM CST
Mylan N.V. (NASDAQ: MYL; TASE) today announced that its offer to acquire all of the issued and to be issued share capital of Perrigo Company plc (NYSE: PRGO; TASE) has lapsed.
PRGO: 146.90 (-9.65), MYL: 48.78 (+5.58)
Stock Futures Fall as Producer Prices, Retail Sales Disappoint
at The Street - Fri Nov 13, 7:38AM CST
Stock futures extend Thursday's selloff into Friday's session after retail sales come in far weaker than expected and producer prices unexpectedly decline.
PRGO: 146.90 (-9.65), FOSL: 32.39 (-18.62), AMAT: 17.24 (+0.71), JCP: 7.44 (-1.35), MYL: 48.78 (+5.58), LOCO: 10.20 (-1.32), JWN: 53.96 (-9.51), CSCO: 26.21 (-1.62), YUM: 69.47 (+2.35)
Nov. 13 Premarket Briefing: 10 Things You Should Know
at The Street - Fri Nov 13, 5:53AM CST
U.S. stock futures are slightly lower ahead of data on retail sales and consumer sentiment.
TYC: 35.31 (-1.19), PRGO: 146.90 (-9.65), MON: 93.78 (+0.90), MYL: 48.78 (+5.58), DIS: 114.84 (-1.37), TWX: 69.93 (-0.49), NFLX: 103.65 (-5.27), SYT: 74.78 (+5.63), JCP: 7.44 (-1.35), FOXA: 29.69 (-0.33), CMCSA: 60.23 (-1.26), CSCO: 26.21 (-1.62), YUM: 69.47 (+2.35)
Mylan, Perrigo bicker over bid
at Investor's Business Daily - Thu Nov 12, 5:45PM CST
Perrigo (PRGO) shareholders vote Fri. on Mylan's hostile takeover offer, with many saying the outcome is too close to call. Mylan (MYL) says its bid of $75 plus 2.3 Mylan shares per Perrigo share tops Perrigo's "average hypothetical unaffected" price...
PRGO: 146.90 (-9.65), MYL: 48.78 (+5.58)
Mylan Falls 2.90% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Thu Nov 12, 5:13PM CST
Mylan (NASDAQ:MYL) traded in a range yesterday that spanned from a low of $42.56 to a high of $44.73. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $44.28 on volume of 12.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
MYL: 48.78 (+5.58)
Mylan Set to Possibly Rebound After Yesterday's Selloff of 2.90%
Comtex SmarTrend(R) - Thu Nov 12, 5:11PM CST
Mylan (NASDAQ:MYL) traded in a range yesterday that spanned from a low of $42.56 to a high of $44.73. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $44.28 on volume of 12.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
MYL: 48.78 (+5.58)