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Stock Market & Financial Investment News

News Breaks
May 13, 2013
07:45 EDTENDPEndo Health price target lowered to $36 from $42 at Stifel
Stifel reduced its price target on Endo Health after the FDA denied the company's Citizen Petition on OpanaER. The firm was surprised by the FDA's decision ,and thinks the company will now have to restructure, but keeps a Buy rating based on valuation.
News For ENDP From The Last 14 Days
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September 30, 2014
17:11 EDTENDPEndo reaches master settlement agreements to resolve remaining AMS claims
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September 23, 2014
10:54 EDTENDPStocks, analysts react to Treasury inversion crackdown
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08:00 EDTENDPAuxilium rejection of first Endo offer not surprising, says UBS
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07:02 EDTENDPAuxilium now more likely to be acquired, says RBC Capital
After the U.S. Treasury announced a crackdown on tax inversion deals, RBC Capital thinks that, as a result, Auxilium's (AUXL) proposed takeover of QLT will not occur. The firm believes that instead Auxilium will be acquired by already inverted Endo (ENDP) or another pharmaceutical company. The firm expects Endo to raise its bid for Auxilium to $30-$35, and it keeps an Outperform rating on Auxilium.
September 22, 2014
20:01 EDTENDPEndo management to meet with Sterne Agee
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09:40 EDTENDPEndo says continues to feel Auxilium transaction 'compelling'
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07:11 EDTENDPQLT Inc. says, Auxilium determines Endo proposal not superior
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07:10 EDTENDPQLT Inc. says, Auxilium determines Endo proposal not superior
07:02 EDTENDPAuxilium board determines QLT Inc.'s agreement superior to Endo proposal
Auxilium (AUXL) announced that its board has reviewed the unsolicited, non-binding and conditional proposal from Endo (ENDP) and, after consulting with its independent financial and legal advisors, has unanimously determined it is not a superior proposal under the terms of its existing merger agreement with QLT Inc. (QLTI) and has unanimously reaffirmed its recommendation that Auxilium's stockholders vote in favor of the adoption of such merger agreement. In addition, the board has determined that Endo's proposal significantly undervalues Auxilium. However, under the terms of the merger agreement with QLT, Auxilium maintains the right to engage in discussions with Endo and other third parties, subject to certain conditions in the merger agreement. In unanimously reaffirming its recommendation that Auxilium's stockholders vote in favor of the adoption of the existing merger agreement with QLT, the board confirmed that it is not withdrawing, modifying, withholding, changing or qualifying its recommendation with respect to such merger agreement, or proposing to do so.
September 19, 2014
16:24 EDTENDPStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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September 18, 2014
20:23 EDTENDPAuxilium downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Auxilium (AUXL) to Neutral citing a balanced risk/reward following the post-Endo (ENDP) takeover bid rally. The firm raised its price target for shares to $31 from $28.
11:15 EDTENDPRepros sinks after panel backs tests for testosterone therapies
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07:50 EDTENDPEndo Auxilium deal would be disappointing over longer term, says Cantor
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06:10 EDTENDPFDA panel votes 20-1 to study changes to testosterone therapies
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