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Tuesday, September 16, 2014

Endo offers to purchase Auxilium Pharma for about $2.2 bln, (NASDAQ: AUXL)

Endo International Plc offered to acquire Auxilium Pharmaceuticals Inc for about $2.2 billion in cash and stock. The offer of $28.10 per share represents a premium of 30.6 percent to Auxilium's Tuesday closing price of $21.52 on the Nasdaq.

Auxilium Pharmaceuticals, Inc. is a specialty biopharmaceutical company focuses on developing and marketing products to predominantly specialist audiences. Shares of AUXL fell by 1.56% or $-0.34/share to $21.52. In the past year, the shares have traded as low as $16.36 and as high as $32.89. On average, 1233350 shares of AUXL exchange hands on a given day and today's volume is recorded at 906042.