BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Life Time Fitness, Netflix

Mon Mar 16, 2015 8:53am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; 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 up on Monday: Dow Jones industrial average futures were up 0.54 percent at 17,824, S&P 500 futures were up 0.57 percent at 2,061.5 and Nasdaq 100 futures were up 0.50 percent at 4,330.25.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Friday close $197.43, +1.20 pct premarket

** SALIX PHARMACEUTICALS INC Friday close $169.4, +2.72 pct premarket

** ENDO INTERNATIONAL PLC $87.33, +0.89 pct premarket

Valeant Pharmaceuticals said it increased its offer for Salix to $173 per share, hoping to end a bidding war with Endo International for the bowel drug maker.

** LIFE TIME FITNESS INC, Friday close $67.2, +5.21 pct premarket

The gym operator said it would be taken private by Leonard Green & Partners and TPG in a deal valued over $4 billion. The $72.10 per-share deal represents a 7.3 percent premium to Life Time's Friday close.   Continued...