U.S. medical firm Allergan Inc failed to comment on Sunday on a report that it has been seeking offers from rival companies to combat Valeant Pharmaceuticals International's $47 billion cash and share offer.A spokeswoman for Allergan told Reuters on Sunday the company had no comment to make on whether it was seeking offers from other companies, following a report by Bloomberg that Allergan has so far been rebuffed by rival companies it has tried to interest in making an offer.Allergan contacted both Sanofi SA and Johnson & Johnson after Valeant made its offer on April 22, Bloomberg said, as well as GlaxoSmithKline Plc and Novartis AG.
Allergan, Inc. is a multi-specialty health care Company focused on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter products. Shares of AGN fell by 1.3% or $-2.13/share to $161.30. In the past year, the shares have traded as low as $81.33 and as high as $170.05. On average, 3978680 shares of AGN exchange hands on a given day and today's volume is recorded at 4569150.
GlaxoSmithKline plc (GSK) is global healthcare group, which is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter (OTC) medicines and health-related consumer products. Shares of GSK traded higher by 0.16% or $0.09/share to $54.99. In the past year, the shares have traded as low as $48.30 and as high as $56.73. On average, 2466080 shares of GSK exchange hands on a given day and today's volume is recorded at 2695576.
Johnson & Johnson is a holding company. The Company is engaged in the research and development, manufacture and sale of a broad range of products in the health care field. Shares of JNJ traded higher by 0.41% or $0.41/share to $100.91. In the past year, the shares have traded as low as $82.12 and as high as $101.98. On average, 8173430 shares of JNJ exchange hands on a given day and today's volume is recorded at 5691707.
Novartis AG provides healthcare solutions. The Company is a multinational group of companies specializing in the research, development, manufacturing and marketing of a range of healthcare products led by pharmaceuticals. Shares of NVS traded higher by 0.57% or $0.5/share to $88.41. In the past year, the shares have traded as low as $67.67 and as high as $88.69. On average, 1805470 shares of NVS exchange hands on a given day and today's volume is recorded at 2691700.
Sanofi, formerly Sanofi-Aventis is a global and diversified healthcare company. Shares of SNY fell by 1.29% or $-0.68/share to $51.98. In the past year, the shares have traded as low as $46.95 and as high as $55.94. On average, 1461060 shares of SNY exchange hands on a given day and today's volume is recorded at 827129.
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