Following the market opening Monday, the Dow traded up 0.13
percent to 15,781.64 while the NASDAQ surged 0.06 percent to
3,921.71. The S&P also rose, gaining 0.09 percent to
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 25.44 percent to $49.40 after the company
agreed to be acquired
by Shire (NASDAQ:
) for $50 per share.
Shares of Gogo (NASDAQ:
) got a boost, shooting up 16.91 percent to $21.92 after the
company reported upbeat Q3 results and raised its FY13 revenue
Grifols SA (NASDAQ:
) was also up, gaining 5.97 percent to $31.75 after the company
plans to acquire
) diagnostic business for $1.7 billion.
Equities Trading DOWN Shares of Tata Motors (NYSE:
) were down 4.36 percent to $29.43 after Nomura downgraded the
stock from Buy to Neutral.
) shares tumbled 3.66 percent to $22.11 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 2.95 percent to $40.42 after surging more
than 70 percent on its NYSE debut. Twitter priced its IPO at $26
per share. Analysts at
initiated coverage on shares of Twitter with a Neutral
Commodities In commodity news,
oil traded down 0.24 percent
to $94.37, while gold traded down 0.18 percent to $1,282.30.
Silver traded up 0.25 percent Monday to $21.37, while copper
fell 0.06 percent to $3.25.
Eurozone European shares
today. The Spanish Ibex Index gained 0.53 percent, while Italy's
FTSE MIB Index rose 0.48 percent. Meanwhile, the German DAX
gained 0.26 percent and the French CAC 40 surged 0.52 percent
while U.K. shares rose 0.30 percent.
Economics On the economics calendar Monday, there is no
important data due out.
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