The SPY closed on monthly opex near the highs at 211.239 after opening around 209.50 and hitting a low of 208.73 shortly thereafter. It's currently trading around 210.84.
Marketwatch: Valeant Pharmaceuticals International Inc.
VRX, +9.55%
said it has agreed to acquire Salix Pharmaceuticals Ltd.
SLXP, +4.72%
in a deal worth $10.1 billion.
VRX is out with earnings this AM and announced that it will be acquiring SLXP for about $10b. This deal is roughly 14% of VRX market cap. VRX is trading up 10% on the news at 190 after closing at 173 on Friday.
Mkt cap: $73b
52wk hi/lo: 174.43/106
Short interest: 1.5%
Pre-mkt volume/ratio: 450k/.25
Pre-mkt range: Traded around 183 hit a high of 190.88 and is currently trading around 190.
From Marketwatch:
Bristol-Myers Squibb Co.
BMY, +1.63%
said it plans on purchasing Flexus Biosciences in a deal valued at $1.25 billion.
Keurig Green Mountain Inc.
GMCR, +2.15%
announced it plans on repurchasing 5.2 million of its shares owned by Luigi Lavazza for $619.7 million.
Dish Network Corp.
DISH, +1.10%
said Chairman Charles Ergen will replace Joe Clayton,
who is retiring as chief executive officer March 31. The news came as
the satellite TV company reported rising fourth-quarter profit but
falling subscribers.
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