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Stock Market & Financial Investment News

News For QLTI From The Last 14 Days
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September 23, 2014
10:54 EDTQLTIStocks, analysts react to Treasury inversion crackdown
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08:00 EDTQLTIAuxilium rejection of first Endo offer not surprising, says UBS
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September 22, 2014
07:11 EDTQLTIQLT Inc. says, Auxilium determines Endo proposal not superior
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07:10 EDTQLTIQLT Inc. says, Auxilium determines Endo proposal not superior
07:02 EDTQLTIAuxilium 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.

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