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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.
News For AUXL From The Last 14 Days
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January 29, 2015
16:35 EDTAUXLEndo sees Auxilium transaction immediately accretive
Endo International plc (ENDP)announced it has completed the acquisition of Auxilium Pharmaceuticals (AUXL) in a transaction valued at $2.6B when announced on October 9, 2014. The closing of the transaction follows the approval of the acquisition by Auxilium's shareholders on January 27 and the receipt of all required regulatory approvals. Rajiv De Silva, president and CEO of Endo, stated, This strategic transaction enhances the organic growth of our branded pharmaceuticals business by adding a broad range of high quality products to our already robust portfolio and expanding our development pipeline. We are excited to deliver on the promise of this combination by leveraging our resources to enhance the performance of XIAFLEX and optimize TESTOPEL and STENDRA. We continue to expect the transaction to be immediately accretive for shareholders and meaningfully accretive each year moving forward. We believe that Endo is now even better positioned to drive growth across our product portfolio and to capitalize on additional future strategic M&A opportunities to create value for shareholders, customers and employees." Auxilium common stock will cease to be traded on the NASDAQ Global Market following the close of trading on January 29.
January 27, 2015
09:35 EDTAUXLAuxilium shareholders approve merger with Endo
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January 22, 2015
14:03 EDTAUXLAuxilium to host special shareholder meeting
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