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Stock Market & Financial Investment News

News Breaks
June 26, 2014
14:35 EDTAUXLAuxilium deal unappealing, says Brean Capital
Brean Capital believes that Auxilium's (AUXL) merger with Canada's QLT is unlikely to benefit Auxilium financially. Auxilium is unlikely to benefit from tax breaks fro mthe deal, given the likelihood that it will continue to report losses, according to Brean. Moreover, the deal suggests that no company was interested in buying Auxilium, according to Brean ,which keeps a $14 price target and Sell rating on the shares.
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