Midway through trading Monday, the Dow traded up 0.16 percent
to 15,786.17 while the NASDAQ dropped 0.01 percent to 3,918.85.
The S&P also rose, gaining 0.09 percent to 1,772.13.
Top Headline Shire plc (NASDAQ:
) announced its plans to buy ViroPharma (NASDAQ:
) for $4.2 billion.
Shire will pay $50 per share in cash for ViroPharma,
representing a 27 percent premium to ViroPharma's closing price
Equities Trading UP ViroPharma (NASDAQ:
) shot up 25.51 percent to $49.42 after the company
agreed to be acquired
by Shire (NASDAQ:
) for $50 per share.
Shares of Gogo (NASDAQ:
) got a boost, shooting up 26.13 percent to $23.65 after the
company reported upbeat Q3 results and raised its FY13 revenue
Grifols SA (NASDAQ:
) was also up, gaining 4.94 percent to $31.44 after the company
plans to acquire
) diagnostic business for $1.7 billion.
Equities Trading DOWN Shares of Tata Motors (NYSE:
) were down 4.55 percent to $29.37 after Nomura downgraded the
stock from Buy to Neutral.
) shares tumbled 4.49 percent to $21.92 after the company
announced the commencement of a public offering of 15,000,000
shares of its common stock by selling stockholders.
) was down, falling 6.39 percent to $9.96 after the company
announced a public offering of 12,500,000 shares of its common
stock. The company also announced its
plans to acquire
UK-based Voicenet Solutions for $18.4 million in cash.
Commodities In commodity news,
oil traded up 0.68 percent
to $95.24, while gold traded down 0.22 percent to $1,281.80.
Silver traded up 0.06 percent Monday to $21.33, while copper
rose 0.23 percent to $3.26.
Eurozone European shares
today. The Spanish Ibex Index gained 0.44 percent, while Italy's
FTSE MIB Index rose 0.77 percent. Meanwhile, the German DAX
gained 0.42 percent and the French CAC 40 surged 0.70 percent
while U.K. shares rose 0.33 percent.
Economics On the economics calendar Monday, there is no
important data due out.
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