BUZZ-U.S. Stocks on the Move-Auxilium Pharma, Impax, AMD, Gentiva

Thu Oct 9, 2014 9:19am EDT
 
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U.S. stock index futures pointed to a lower Wall Street open on Thursday, with earlier gains erased as concerns about global growth spurred investors to take profit following a massive advance in the previous session. Dow Jones industrial average e-mini futures were down 0.35 percent at 16,843, S&P 500 e-mini futures were down 0.31 percent at 1,955.75 and Nasdaq 100 e-mini futures were down 0.24 percent at 4,021.

** PEPSICO INC, Wednesday close $93.94, +1.02 pct premarket

The company raised its full-year earnings per share guidance as its quarterly profit rose on strong snack sales. The company said that net income was $2 billion, or $1.32 a share, in the third quarter ended Sept. 6, up from $1.9 billion, or $1.23 a share a year earlier. The company increased its full year earnings per share growth forecast to 9 percent from 8 percent before taking into account currency impacts.

** AUXILIUM PHARMACEUTICALS INC, Wednesday close $29.76, +11.66 pct premarket

** ENDO INTERNATIONAL PLC, Wednesday close $71, -0.70 pct premarket

Endo International said it would buy Auxilium in a deal valued at $2.6 billion, including the repayment and assumption of debt. Endo's offer of $33.25 per share represents a premium of about 12 percent to Auxilium's Wednesday close and is higher than Endo's previous offer of $28.10.   Continued...