Barclays Plc's head of mergers and acquisitions is expected to quit, which would take to four the number of top executives the British bank has lost in the week before it unveils a strategic revamp, the Financial Times reported, citing people familiar with the bank. Paul Parker, who was the M&A head at Lehman Brothers before its U.S. arm was bought by Barclays in 2008, was eased out as part of management changes to be announced next week, the newspaper reported. (r.reuters.com/cun98v)Barclays will announce next week the creation of a bad bank portfolio of assets it deems non-core that it intends to sell or run down as part of a streamlining of its investment bank, Reuters reported on Tuesday, citing a person familiar with the matter.Parker, one of the world's most senior M&A bankers, is advising Valeant Pharmaceuticals International Inc on its near $50 billion bid for Botox maker Allergan Inc and Comcast Corp's $42 billion takeover of rival cable group Time Warner Cable Inc, the Financial Times said.A Barclays spokeswomen declined to comment.
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 traded higher by 0.72% or $1.22/share to $169.91. In the past year, the shares have traded as low as $81.33 and as high as $170.05. On average, 3930020 shares of AGN exchange hands on a given day and today's volume is recorded at 2873370.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS traded higher by 0.06% or $0.01/share to $17.38. In the past year, the shares have traded as low as $15.32 and as high as $19.59. On average, 2873870 shares of BCS exchange hands on a given day and today's volume is recorded at 2152993.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.02% or $0.03/share to $142.13. In the past year, the shares have traded as low as $92.87 and as high as $147.28. On average, 3569560 shares of TWC exchange hands on a given day and today's volume is recorded at 1630777.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 1.0% or $-0.67/share to $66.20. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5777930 shares of TWX exchange hands on a given day and today's volume is recorded at 4054360.
Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX fell by 1.29% or $-1.78/share to $136.35. In the past year, the shares have traded as low as $72.25 and as high as $153.10. On average, 2551350 shares of VRX exchange hands on a given day and today's volume is recorded at 2521232.
Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX fell by 1.08% or $-1.63/share to $149.85. In the past year, the shares have traded as low as $72.59 and as high as $170.45. On average, 392934 shares of VRX.TO exchange hands on a given day and today's volume is recorded at 272254.
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