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Stock Market & Financial Investment News

News Breaks
July 25, 2014
06:30 EDTMYL, ABT, MDT, COV, VRXObama calls on Congress to end inversion deals, NY Times reports
President Obama yesterday called on Congress to eliminate tax inversion loopholes, and criticized companies that have taken advantage of the loopholes, according to The New York Times. Meanwhile, there is a "growing consensus" among lawmakers of both parties that inversions should be curtailed, although the parties disagree on how to do so, the newspaper stated. Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott (ABT), Medtronic's (MDT) acquisition of Covidien (COV) and Valeant's (VRX) proposed takeover of Alletgan (AGN). Reference Link
News For MYL;ABT;MDT;COV;VRX From The Last 14 Days
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October 20, 2014
08:37 EDTVRXValeant says 'completely focused' on Allergan acquisition
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08:04 EDTMYLGerman fund pressured to sell Mylan stake over drug used in executions, FT says
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07:34 EDTVRXValeant says remains focused on completing Allergan transaction
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07:32 EDTVRXValeant narrows FY14 revenue view to $8.1B-$8.3B from $8B-$8.3B
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07:30 EDTVRXValeant CEO says 'can bid more than anyone' in financially sound Allergan deal
Pearson says "we cannot stop" another company from making a bid that does not make economic sense, but he believes Valeant (VRX) can "bid more than anyone" for Allergan (AGN) in a deal that makes financial sense. Pearson says he has met with doctor groups and that 95% of those he's spoken with support Valeant's bid for Allergan. Valeant CEO J. Michael Pearson spoke on CNBC.
07:28 EDTVRXValeant raises FY14 cash EPS to $8.22-8.32 from $7.90-$8.10
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07:20 EDTMDT, MYLInternational Continence Society to hold annual meeting
ICS Annual Meeting 2014 is being held in Rio de Janeiro, Brazil on October 20-24.
07:12 EDTMDT, COVCongress of Neurological Surgeons to hold annual meeting
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07:06 EDTVRXValeant raises FY15 outlook cash EPS $10.00 from $9.90
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07:05 EDTVRXValeant raises Q4 cash EPS $2.45-$2.55 from $2.35-$2.45
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07:03 EDTVRXValeant reports Q3 cash EPS $2.11, Q3 GAAP EPS 81c
Reports Q3 revenue revenue $2.1B; Reports Q3 total same store sales organic growth 19%. Bausch + Lomb organic growth was 12%. Q3 GAAP Operating Cash Flow $619 million, an increase of 207%; Adjusted Operating Cash Flow $771 million, an increase of 89%
October 17, 2014
12:35 EDTCOVCovidien puts active on wide price movement
Covidien October 82, December 70 and January 75 puts are active on total put volume of 8K contracts (1K calls). November put option implied volatility is at 60, January is at 40, April is at 42; compared to its 26-week average of 25 according to Track Data. Active put volume suggests traders taking positions for large price movement.
10:51 EDTCOVOptions with increasing implied volatility
Options with increasing implied volatility: COV DISH HLT QEP GREK BKW BYI LLY DTV TIBX
09:47 EDTVRXValeant will not raise Allergan bid ahead of record date, CNBC reports
Valeant (VRX) will not raise its hostile takeover bid for Allergan (AGN) ahead of the record date for the vote, CNBC's David Faber reports. Allergan (AGN) is not currently in takeover talks with Actavis (ACT), Faber added.
09:43 EDTVRXValeant not going to raise Allergan bid ahead of meeting, CNBC reports
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08:02 EDTCOVCovidien granted preliminary injunction against Ethicon's Harmonic ACE+7
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October 16, 2014
12:42 EDTVRXAckman believes Allergan, Valeant merger likely, CNBC reports
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12:38 EDTVRXAckman says Allergan CEO manipulated Valeant shares, CNBC reports
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11:36 EDTCOVOptions with increasing implied volatility
Options with increasing implied volatility: UVXY NQ PVA SVXY VXX SUNE CIE COV ZU CODE
06:17 EDTMDT, COVJefferies says Medtronic 'needs to do' Covidien takeover
Jefferies says it "can't see how Medtronic walks" from the Covidien (COV) takeover given how compelling the merger is. The firm confirmed with Medtronic (MDT) that nothing has changed in the company's commitment to the deal since new financing terms were announced on October 3. In Jefferies view, "Medtronic needs to do this deal." It notes the spread on the acquisition widened significantly on the news that Abbvie (ABBV) is reconsidering its acquisition of Shire (SHPG).
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