Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, November 18, 2014

Takeover Digest- New York Times business news - Nov 18, (NYSE: ACT), (NYSE: AGN)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Federal prosecutors are wrestling with whether to file a civil fraud lawsuit against Angelo Mozilo, the former chief executive of Countrywide Financial, which was at the center of the subprime mortgage boom and bust, people briefed on the matter say. (nyti.ms/1xK5wXK)* Allergan Inc agreed on Monday to be acquired for $66 billion by Actavis Plc in a deal worth $219 a share in cash and stock. It would be the third-largest healthcare deal ever in the United States, according to Standard & Poor's Capital IQ. (nyti.ms/1AaMrRS)

Shares of ACT traded higher by 1.71% or $4.17/share to $247.94. In the past year, the shares have traded as low as $156.40 and as high as $255.51. On average, 2398560 shares of ACT exchange hands on a given day and today's volume is recorded at 16697883.

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 5.31% or $10.55/share to $209.20. In the past year, the shares have traded as low as $94.98 and as high as $213.91. On average, 2554750 shares of AGN exchange hands on a given day and today's volume is recorded at 19221076.



Source