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Stock Market & Financial Investment News

News Breaks
February 19, 2014
07:35 EDTENDPEndo Health reports 2013 non-cash charges of $495M
Endo Health Solutions has completed its annual goodwill and in-process research and development impairment analysis for 2013 and plans to record in fiscal 2013, a pre-tax, non-cash asset impairment charge of approximately $495M primarily related to goodwill attributable to the company's acquisition of American Medical Systems. During Q4 2013, the company also recorded a pre-tax, non-cash charge of approximately $31M to increase the company's product liability reserve to approximately $520M for all known, pending and estimated future claims primarily related to vaginal mesh cases. The non-cash charges will not affect the company's 2013 adjusted financial results; however, 2013 GAAP earnings per share are now expected to be materially below previously announced guidance of 95c-$1.10.
News For ENDP From The Last 14 Days
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February 5, 2016
13:35 EDTENDPEndo rallies amid talk of conference cancellation
Shares of Endo International are rallying 2% amid talk the company cancelled out of Leerink's conference next week. Endo has no events listed on its website and Bloomberg just reported that according to sources, the company cancelled its appearance at the conference. Shares of Endo are up $1.25 to $55.40 in afternoon trading.
February 1, 2016
10:25 EDTENDPWilliaOptions with increasing implied volatility: WMB ENDP RAD
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January 26, 2016
12:19 EDTENDPEndo call activity attributed to takeover speculation
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12:12 EDTENDPEndo spike attributed to takeover speculation
The midday spike in shares of Endo International (ENDP) is being attributed to takeover speculation. Conjecture has Perrigo (PRGO) interested in a potential acquisition of Endo, trading sources tell The Fly. Shares of Endo are up $1.26 to $59.10 in midday trading. The Fly, in fulfilling its mission of explaining stock movement, often comes across the many unconfirmed rumors being passed through trading desks and social media platforms. On the occasion that rumors or speculation appear on The Fly's news feed, it should be viewed not as giving credence to the conjecture, rather as simply highlighting its impact on the stock prices of the companies involved.

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