The SPY closed on monthly opex near the highs at 211.239 after opening around 209.50 and hitting a low of 208.73 shortly thereafter. It's currently trading around 210.84.
Marketwatch: Valeant Pharmaceuticals International Inc.
said it has agreed to acquire Salix Pharmaceuticals Ltd.
in a deal worth $10.1 billion.
VRX is out with earnings this AM and announced that it will be acquiring SLXP for about $10b. This deal is roughly 14% of VRX market cap. VRX is trading up 10% on the news at 190 after closing at 173 on Friday.
Mkt cap: $73b
52wk hi/lo: 174.43/106
Short interest: 1.5%
Pre-mkt volume/ratio: 450k/.25
Pre-mkt range: Traded around 183 hit a high of 190.88 and is currently trading around 190.
Bristol-Myers Squibb Co.
said it plans on purchasing Flexus Biosciences in a deal valued at $1.25 billion.
Keurig Green Mountain Inc.
announced it plans on repurchasing 5.2 million of its shares owned by Luigi Lavazza for $619.7 million.
Dish Network Corp.
said Chairman Charles Ergen will replace Joe Clayton,
who is retiring as chief executive officer March 31. The news came as
the satellite TV company reported rising fourth-quarter profit but