MARKET PULSE-Riverbed, Container Store, Arca Biopharma, Yelp

Wed Jan 8, 2014 1:27pm EST
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were little changed on Wednesday as investors awaited the release of minutes from the Federal Reserve's most recent policy meeting, while strong results from Micron helped boost the Nasdaq. The Dow Jones industrial average was down 0.55 percent at 16,440.78, the S&P 500 was down 0.12 percent at 1,835.75 and the Nasdaq Composite was up 0.23 percent at 4163.10.

** NUPATHE INC, $4.44, +37.46 pct

** TEVA PHARMACEUTICAL INDUSTRIES, $41.2, -0.02 pct

** ENDO HEALTH SOLUTIONS INC, $69.64, +4.88 pct

Israel's Teva Pharma offered to buy U.S. neurology drugs maker NuPathe for $114 million plus milestone payments related to NuPathe's Zecuity migraine treatment.

Teva's offer of $3.65 per share comes less than a month after U.S. specialty pharmaceutical company Endo Health said it would buy NuPathe for about $105 million, or $2.85 per share, plus milestone payments.

** ARCA BIOPHARMA INC, $2.22, +23.33 pct   Continued...