logo

Business News

Horizon-Depomed-070715.jpgBiopharmaceutical company Horizon Pharma plc offered Tuesday to acquire all outstanding shares of smaller peer Depomed, Inc. for $29.25 per share in an all-stock deal valued at about $3 billion. The offer has the unanimous support of Horizon's board of directors. The proposed deal, if consummated, would immediately and substantially add to Horizon's adjusted earnings per share.
More
Pharma-070615.jpg

ENZ, LMNX Settle Suit, VSAR Regains Velocity, CATB Hits A High



Shares of Versartis Inc. (VSAR) rose more than 29% on Monday as investors welcomed the news of the removal of FDA partial clinical hold on the company's Investigational New Drug Application for VRS-317 in growth hormone deficiency children.
More

Jean Coutu Q1 Net Profit Declines - Quick Facts



Canadian drugstore chain Jean Coutu Group (PJC), Inc. (PJC_A.TO) reported that first-quarter net profit declined to C$50.6 million or C$0.27 per share from C$54.1 million or C$0.29 per share in the prior-year quarter. Total revenues for the quarter increased 3.5 percent to C$712.4 million from C$688.6...
More
Tradebalance-070715.jpg

U.S. Trade Deficit Widens In May Amid Notable Drop In Exports



With the value of exports falling by much more than the value of imports, the Commerce Department released a report on Tuesday showing that the U.S. trade deficit widened in the month of May. The report said the trade deficit widened to $41.9 billion in May from a revised $40.7 billion in April.
More
M&A
Horizon-Depomed-070715.jpg

Horizon Pharma Makes Hostile Offer To Buy Depomed In $3 Bln All-Stock Deal



Biopharmaceutical company Horizon Pharma plc offered Tuesday to acquire all outstanding shares of smaller peer Depomed, Inc. for $29.25 per share in an all-stock deal valued at about $3 billion. The offer has the unanimous support of Horizon's board of directors. The proposed deal, if consummated, would immediately and substantially add to Horizon's adjusted earnings per share.
More

Aetna Inc. (AET) Dropped To A 3-Week Low Following Downgrade



FBR Capital downgraded its rating on shares of Aetna Inc. (AET) Monday morning to "Market Perform" from "Outperform." Aetna gapped down sharply Monday, but traded in a range for the majority of the session. The stock closed lower by 8.08 at $117.43 on the highest volume of the year. Aetna dropped...
More
UnivisionIPO-070215.jpg

Univision To File U.S. IPO



Spanish-language broadcaster Univision Holdings Inc. intends to pursue an initial public offering in the U.S. The company filed on Thursday with the U.S. Securities and Exchange Commission for an IPO of up to $100 million, but that could be a nominal figure used to calculate registration fees.
More

A. Schulman Q3 15 Earnings Conference Call At 10:00 AM ET



A. Schulman Inc. (SHLM) will host a conference call at 10:00 AM ET on July 7, 2015, to discuss its Q3 15 earnings results. To access the live webcast, log on at http://ir.aschulman.com/events.cfm
More
Follow RTT
PreMarket Movers
Company
Symbol
Name
Up
Down
News
Economic Calendar
DateIndicatorPeriodCountry
07/07/15 9:0Consumer Confidence IndexJUN Mexico
07/07/15 8:30ExportsMAY United States
07/07/15 8:30ImportsMAY United States
07/07/15 8:30Trade BalanceMAY United States
07/07/15 8:30ExportsMAY Canada
07/07/15 8:30ImportsMAY Canada
More Economic Calendar Data