MARKET PULSE-American Realty Capital, Broadcom, NPS Pharma, Protective Life

Mon Jun 2, 2014 9:49am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stocks opened with slight gains on Monday as Wall Street's recent upward momentum continued, though investors found few reasons to push shares decisively higher, with the Dow and S&P 500 at record levels. The Dow Jones industrial average rose 14 points or 0.08 percent, to 16,731.17, the S&P 500 gained 1.44 points or 0.07 percent, to 1,925.01 and the Nasdaq Composite added 4.35 points or 0.1 percent, to 4,246.97.

** ALLERGAN INC, $170.98, +2.10 pct

** VALEANT PHARMACEUTICALS INC , $131.27, +0.05 pct

Activist investor Pershing Square on Monday said it launched a process to call a special meeting of Allergan shareholders, a move that could turn over most of the drug company's board and open the door to a takeover by Valeant Pharmaceuticals Inc .


** VENTAS INC, $65.42, -2.07 pct

Ventas, one of the largest U.S. healthcare real estate investment trusts, said it would buy American Realty Capital Healthcare Trust in a cash-and-stock deal valued at about $2.6 billion.   Continued...