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Stock Market & Financial Investment News

News For VRX From The Last 14 Days
Check below for free stories on VRX the last two weeks.
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July 21, 2014
12:35 EDTVRXAckman calls Allergan restructuring a 'Valeant light' effort
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12:34 EDTVRXAckman says Valeant does not need to raise bid for Allergan
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12:34 EDTVRXAckman says market sees higher chance of Allergan, Valeant merger
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12:10 EDTVRXOn The Fly: Midday Wrap
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11:22 EDTVRXAllergan CEO: At the end of the day, it's up to Valeant to say what's going on
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09:10 EDTVRXOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
07:15 EDTVRXValeant Allergan contacts Quebec, U.S. regulators regarding Allergan statements
Valeant (VRX) has contacted both the Autorite des marches financiers in Quebec and the SEC regarding Allergan (AGN) apparent attempt to "mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business despite Valeant's public statements correcting such information." The latest statements were made last Friday when Allergan asserted in an SEC filing that Bausch + Lomb's pharmaceutical sales were stagnant or declining. Valeant's decision to contact the authorities also reflects concerns raised by several Canadian Valeant shareholders about comments made about Valeant by Allergan's management during recent meetings with these investors in Canada.
07:09 EDTVRXValeant, Ackman go to SEC over Allergan claims, CNBC reports
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06:34 EDTVRXCapital Research sells nearly all its Allergan stake, WSJ reports
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July 18, 2014
12:51 EDTVRXKey GOP senator signals readiness for inversion deal, The Hill says
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11:27 EDTVRXSamlyn undecided on support for Valeant bid for Allergan, Dow says
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July 17, 2014
16:45 EDTVRXPershing Square looks to obtain consents for special meeting
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08:08 EDTVRXValeant receives FDA clearance for Victus Femtosecond Laser Platform
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07:00 EDTVRXPaulson says Allergan could be wroth $220 per share, WSJ reports
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July 16, 2014
17:46 EDTVRXAckman says he thinks Allergan-Valeant deal eventually gets done
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17:42 EDTVRXPershing Square's Ackman says Allergan's attack on Valeant unprecedented
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10:36 EDTVRXTreasury calls on Congress to halt inversion deals
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09:16 EDTVRXPershing Square sends letter to Allergan's board of directors
Pershing Square Capital Management announced it has sent a letter to Allergan's Board of Directors. Pershing Square last Friday filed definitive solicitation materials with the U.S. SEC to seek shareholder support for a special meeting of Allergan shareholders and is now actively soliciting shareholder support to call the meeting. At this special meeting, Allergan shareholders will be able to voice their opinions on a number of critical matters, including the proposed removal of six incumbent members of the Allergan board, the proposed appointment of an independent slate of directors and certain other proposed provisions to improve Allerganís corporate governance.
08:16 EDTVRXLew's letter could bring 'chilly' tax inversion environment, says BMO Capital
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07:59 EDTVRXTreasury Secretary urges Congress to take action on tax inversions
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