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Stock Market & Financial Investment News

News Breaks
April 4, 2014
06:08 EDTMYLMylan eyes takeover of Swedish rival Meda, FT reports
Mylan is looking at buying Swedish drug maker Meda, the Financial Times reports. Sources say that the company has appointed advisers to help it put together a deal, though the process is still at a preliminary stage. Mylan is likely to pay a "significant" premium to Media's market value, which was $4.5B at the end of Thursday's trading. Reference Link
News For MYL From The Last 14 Days
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July 28, 2014
06:52 EDTMYLFormer official says Obama could limit inversion deals, NY Times reports
President Obama could limit tax inversion deals on his own authority, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama administration, according to The New York Times. A 1969 law gives the president the ability to restrict inversion deals, said Shay, who also worked in the Reagan administration, 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
July 25, 2014
10:02 EDTMYLOn The Fly: Analyst Downgrade Summary
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06:30 EDTMYLObama calls on Congress to end inversion deals, NY Times reports
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06:11 EDTMYLMylan downgraded to Neutral from Buy at Citigroup
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July 24, 2014
14:35 EDTMYLObama to call for elimination of tax inversion deals, NY Times says
President Obama will call on Congress today to eliminate the tax inversion loophole, according to The New York Times. Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott’s (ABT), Medtronic's acquisition of Covidien (COV)and Valeant's (VRX) proposed takeover of Alletgan (AGN)Reference Link
July 23, 2014
10:02 EDTMYLOn The Fly: Analyst Initiation Summary
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08:10 EDTMYLDeutsche Bank hosts an analyst Specialty Pharma/Industry conference call
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07:09 EDTMYLMylan wins restraining order against Apotex for generic version of GSK's Paxil
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06:45 EDTMYLLawmakers divided on inversion deals, NY Times says
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July 22, 2014
16:08 EDTMYLMylan initiated with a Buy at Deutsche Bank
Target $67.
July 18, 2014
16:47 EDTMYLMarket ends week higher as earnings, M&A offset geopolitical tensions
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12:51 EDTMYLKey GOP senator signals readiness for inversion deal, The Hill says
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July 17, 2014
11:07 EDTMYLAcorda sues Mylan over plans to duplicate Ampyra MS drug, Bloomberg says
07:18 EDTMYLMylan wins motion to enjoin GlaxoSmithKline from production of generic product
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