BUZZ-U.S. Stocks on the Move- HubSpot, Impax, Gentiva, Kofax
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U.S. stocks edged lower on Thursday as concerns over global growth spurred investors to take profits following a massive advance in the previous session. The Dow Jones industrial average was down 0.61 percent at 16,890.33, the S&P 500 was down 0.56 percent at 1,957.96 and the Nasdaq Composite was down 0.49 percent at 4,446.86.
** AUXILIUM PHARMACEUTICALS INC, $32.91, +10.58 pct
** ENDO INTERNATIONAL PLC, $68.75, -3.17 pct
** QLT INC, $4.14, +2.48 pct
Auxilium agreed to be bought by Endo for $1.67 billion and terminated its deal to buy Canadian eye-drug maker QLT Inc . Auxilium accepted Endo's offer of $33.25 per share in cash and stock, almost a month after rebuffing a previous offer of $28.10 per share, saying it significantly undervalued the company.
** GENTIVA HEALTH SERVICES INC, $19.64, +17.53 pct Continued...