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 link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) 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 .

** AMERICAN REALTY CAPITAL HEALTHCARE TRUST INC, $10.92, +9.75 pct

** 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...