By Dow Jones Business News,
December 16, 2013, 08:59:00 AM EDT
Among the companies with shares expected to actively trade in Monday's session are Sprint Corp. (S), NuPathe Inc.
( PATH ) and Solta Medical Inc. (SLTM).
Sprint is working toward a possible bid for rival T-Mobile US Inc. (TMUS), the Wall Street Journal reported, setting
the stage for a telecom merger that if permitted by regulators would leave the U.S. wireless market dominated by three
big companies. Sprint is studying regulatory concerns and could launch a bid in the first half of next year, the Journal
reported. Sprint shares were up 4% to $8.77 premarket and T-Mobile was down 14 cents at $27.50. American depositary
shares of Deutsche Telekom AG (DTEGY, DTE.XE), which holds a majority stake in T-Mobile, were up 2.8% at $16.05.
Endo Health Solutions Inc. ( ENDP ) agreed to acquire pharmaceutical company NuPathe Inc. ( PATH ) for about $105 million
to gain the company's new migraine treatment. Endo will acquire NuPathe for $2.85 per share, a 24% premium to its close
of $2.30 on Friday. NuPathe shareholders will receive rights to receive additional cash payments of up to $3.15 per
share if the company's migraine treatment Zecuity meets certain sales milestones. NuPathe shares were up 51% at $3.48 in
Harvest Natural Resources Inc. ( HNR ) agreed to sell all the company's interest in Venezuela for $400 million in cash,
as the energy company moves forward with its plans to sell itself. Shares were up 24% at $4.89 premarket.
Valeant Pharmaceuticals International Inc. (VRX) agreed to acquire medical device company Solta Medical Inc. (SLTM)
for $250 million to increase its offerings in the growing aesthetic medicine market. Valeant is offering Solta
shareholders $2.92 a share, a 40% premium to its Friday close of $2.09. Solta shares were up 39% at $2.91 premarket.
Allegheny Technologies Inc. ( ATI ) intends to close a Connecticut facility in 2014, a move the metal processor said
will result in a $9.2 million charge to be recorded in the fourth quarter.
Asset management firm The Carlyle Group LP ( CG ) agreed to invest $200 million over three years to fund an oil-and-gas
exploration companies offshore drilling programs in New Zealand and the Union of the Comoros.
Write to Tess Stynes at firstname.lastname@example.org
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
Copyright (c) 2013 Dow Jones & Company, Inc.