BUZZ-U.S. Stocks on the Move-Auxilium Pharma, Lennar Corp, General Mills
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index e-mini futures were little changed on Wednesday: Dow Jones industrial average futures were up 0.05 percent at 17,145, S&P 500 futures were unchanged at 1,999.5 and Nasdaq 100 futures were down 0.08 percent at 4,062.75.
** ENDO INTERNATIONAL PLC, Tuesday close $65.17, +4.50 pct premarket
** AUXILIUM PHARMACEUTICALS, Tuesday close $21.52, +44.05 pct premarket
** QLT INC, Tuesday close $6.2, -11.29 pct premarket
Auxilium adopted a poison pill with a 15 percent trigger, a day after an unsolicited $2.2 billion buyout offer from Endo . Poison pills, or shareholder rights plans, are designed to stop hostile takeover attempts by triggering the issuance of new shares, which dilutes the holdings of all investors if any one exceeds a set threshold.
Auxilium said its board would review Endo's proposal, but it would not modify or withdraw its bid for Canadian eye drug maker QLT.
** UNITED STATES STEEL CORP, Tuesday close $41.41, +6.86 pct premarket Continued...