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Stock Market & Financial Investment News

News Breaks
June 18, 2014
07:40 EDTSHPG, VRX, AGNAllergan likely to bid for Shire, says SunTrust
SunTrust believes that Allergan (AGN) will soon bid for Shire (SHPG), and the firm thinks that this scenario is more attractive for Allergan shareholders than the offer from Valeant (VRX), as ia Shrie acquisition wouldremove the risk of holding Valeant shares. A combination of Allergan and Shire would have several advantages, including sustainable low double digit revenue growth, a more diversified sales mix, and a preservation of high value R&D programs, according to the firm. It thinks the deal would be 50% accretive to EPS in the first year and enable five year EPS CAGR to accelerate meaningfully. The firm keeps a $200 price target and Buy rating on Allergan.
News For AGN;VRX;SHPG From The Last 14 Days
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October 20, 2014
07:34 EDTAGN, VRXValeant says remains focused on completing Allergan transaction
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07:33 EDTSHPGShire upgraded to Buy from Neutral at SunTrust
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07:32 EDTVRXValeant narrows FY14 revenue view to $8.1B-$8.3B from $8B-$8.3B
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07:30 EDTAGN, VRXValeant CEO says 'can bid more than anyone' in financially sound Allergan deal
Pearson says "we cannot stop" another company from making a bid that does not make economic sense, but he believes Valeant (VRX) can "bid more than anyone" for Allergan (AGN) in a deal that makes financial sense. Pearson says he has met with doctor groups and that 95% of those he's spoken with support Valeant's bid for Allergan. Valeant CEO J. Michael Pearson spoke on CNBC.
07:28 EDTVRXValeant raises FY14 cash EPS to $8.22-8.32 from $7.90-$8.10
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07:19 EDTSHPGIBC Life Sciences to hold a conference
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07:16 EDTSHPG, AGNAmerican Academy of Ophthalmology to hold annual meeting
AAO Annual Meeting 2014 is being held in Chicago on October 18-21.
07:15 EDTSHPGAmerican Academy of Child & Adolescent Psychiatry to hold annual meeting
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07:10 EDTSHPGAmerican Society of Human Genetics to hold annual meeting
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07:06 EDTVRXValeant raises FY15 outlook cash EPS $10.00 from $9.90
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07:05 EDTVRXValeant raises Q4 cash EPS $2.45-$2.55 from $2.35-$2.45
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07:03 EDTVRXValeant reports Q3 cash EPS $2.11, Q3 GAAP EPS 81c
Reports Q3 revenue revenue $2.1B; Reports Q3 total same store sales organic growth 19%. Bausch + Lomb organic growth was 12%. Q3 GAAP Operating Cash Flow $619 million, an increase of 207%; Adjusted Operating Cash Flow $771 million, an increase of 89%
06:56 EDTSHPGShire reopens acquistion talks with NPS Pharmaceuticals, Cubist, Telegraph says
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06:28 EDTAGNAllergan price target raised to $210 from $190 at Citigroup
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05:29 EDTSHPGShire Interim CFO James Bowling to step down
Shire plc announces that James Bowling, Interim CFO, has notified the board of his decision to step down from his current role to pursue a new career opportunity as CFO of Severn Trent plc. James will leave Shire at the end of 1Q15 and the company will commence a search for a new CFO immediately.
October 17, 2014
16:55 EDTSHPGStocks end volatile week lower amid oil price plunge
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09:47 EDTAGN, VRXValeant will not raise Allergan bid ahead of record date, CNBC reports
Valeant (VRX) will not raise its hostile takeover bid for Allergan (AGN) ahead of the record date for the vote, CNBC's David Faber reports. Allergan (AGN) is not currently in takeover talks with Actavis (ACT), Faber added.
09:45 EDTAGNAllergan not in deal talks with Actavis, CNBC reports
09:43 EDTVRX, AGNValeant not going to raise Allergan bid ahead of meeting, CNBC reports
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07:07 EDTSHPGShire may be buyer instead of target if AbbVie deal breaks, WSJ says
Assuming AbbVie's (ABBV) deal to buy Shire (SHPG) gets cancelled, which appears likely at this point, many analysts and investors believe Shire will become a buyer and Leerink Partners estimates the company could have $10B to use for a takeover deal, reported The Wall Street Journal. AbbVie will also be likely to look for other deals and could be forced to pay up for them, as its top seller, Humira, moves closer to losing patent exclusivity, the Journal said, citing analysts. Reference Link
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