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Stock Market & Financial Investment News

News Breaks
May 20, 2014
08:20 EDTVRX, AGNAllergan shares set to rise after next Valeant offer, says Bernstein
Bernstein expects Valeant's (VRX) next offer for Allergan (AGN) to be "credible," causing Allergan's stock to rise "at the very least." The firm believes that Allergan and Valeant are currently trading at levels that suggest that there is little chance that a deal will occur, and Bernstein thinks this is an incorrect view of the situation. The firm expects Valeant's next bid to be in the range of $190 per share, and it believes that the next logical step would be for Valeant to offer $190 per share in cash. It keeps an Outperform rating on Allergan.
News For AGN;VRX From The Last 14 Days
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April 9, 2015
11:39 EDTVRXPershing Square, Valeant, Allergan drop lawsuit over buyout
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April 8, 2015
12:17 EDTVRXOn The Fly: Midday Wrap
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