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Stock Market & Financial Investment News

News Breaks
June 30, 2014
08:33 EDTACT, FRXActavis, Forest announce merger consideration election results
Actavis (ACT) and Forest Laboratories (FRX) announced the preliminary results of the elections made by stockholders of Forest regarding their preference as to the form of merger consideration they will receive in connection with Actavisí pending acquisition of Forest. Subject to regulatory approval and other customary closing conditions, the closing of the acquisition is expected to be effective on July 1. Based on available information as of the Election Deadline, the preliminary merger consideration election results are as follows: holders of approximately 13.81% of the outstanding shares of Forest common stock elected the Standard Election Consideration; holders of approximately 0.44% of the outstanding shares of Forest common stock elected the Cash Election Consideration; holders of approximately 72.78% of the outstanding shares of Forest common stock elected the Stock Election Consideration; holders of approximately 12.97% of the outstanding shares of Forest common stock failed to make a valid election prior to the Election Deadline, and therefore are deemed to have elected the Standard Election Consideration.
News For ACT;FRX From The Last 14 Days
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September 2, 2014
09:23 EDTACTActavis announced FDA accepted filing of eluxadoline's NDA
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August 22, 2014
16:11 EDTACTActavis confirms generic Neupro patent challenge
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August 21, 2014
15:16 EDTACTDEA restricts painkiller drug prescriptions to curb abuse, WSJ reports
The Drug Enforcement Agency, or DEA, will reclassify hydrocodone combination painkiller drugs and place them in the category of medical substances that have the highest potential for harm in an attempt to curb the widespread abuse of the drugs, according to The Wall Street Journal. The rescheduling of the drugs will take effect in 45 days and result in people being able to obtain the drug for only 90 days without obtaining a new prescription. Major manufacturers of these drugs include Teva Pharmaceutical (TEVA), Mallinckrodt (MNK), AbbVie (ABBV), and Actavis (ACT). Reference Link
07:55 EDTACTActavis volatility expected to move on Pfizer considering new target report
Actavis (ACT) volatility is expected to move on Pfizer (PFE) considering other overseas alternatives, Bloomberg reports. Overall option implied volatility of 27 is near its 26-week average of 31 according to Track Data, suggesting decreasing price movement.
07:47 EDTACTPfizer looking at new targets, including Actavis, Bloomberg reports
While it weighs another attempt to acquire AstraZeneca (AZN), Pfizer is considering other overseas alternatives, including Actavis (ACT), Bloomberg reports, citing people familiar with the matter. Pfizer prefers to reach a deal with AstraZeneca, and a move on another company is unlikely "anytime soon," Bloomberg adds, citing its sources. Shares of Actavis are rising 3%, or $6.65, to $230.01 in pre-market trading, while AstraZeneca is up 2% to $72.59. Reference Link
07:38 EDTACTSupernus announces paragraph IV Abbreviated NDA filing for Trokendi XR
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August 19, 2014
11:18 EDTACTDepomed announces favorable ruling in Gralise case
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10:32 EDTACTDepomed higher after favorable ruling in Gralise case
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07:26 EDTACTActavis confirms positive results from RECLAIM pivotal Phase III studies
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