MARKET PULSE-Allergan, Broadcom, Clovis Oncology, coal stocks

Mon Jun 2, 2014 11:32am 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 edged lower on Monday, falling from record levels as a weaker-than-expected read on manufacturing gave traders an excuse to sell. The losses were slight but broad. The Dow Jones industrial average fell 20.19 points, or 0.12 percent, to 16,696.98, the S&P 500 lost 5.17 points, or 0.27 percent, to 1,918.4 and the Nasdaq Composite dropped 24.38 points, or 0.57 percent, to 4,218.24.

** ALLERGAN INC, $170.71, +1.94 pct

** VALEANT PHARMACEUTICALS INC , $132.12, +0.69 pct

Valeant Pharmaceuticals Inc on Monday prepared to take its $53.8 billion takeover bid for Allergan directly to the Botox maker's shareholders, and ally Pershing Square called for a meeting to turn over the target company's board.

For a BREAKINGVIEWS column,

** AMERICAN REALTY CAPITAL HEALTHCARE TRUST INC, $10.8, +8.54 pct

** VENTAS INC, $64.56, -3.35 pct   Continued...