BUZZ-U.S. STOCKS ON THE MOVE-Chinese ADRs, chipmakers, Professional Diversity
(Don(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. stocks were lower in afternoon trading as concerns of a slowdown in China weighed on commodity prices and investors fretted over aid talks for Greece as it runs out of cash. The Dow Jones industrial average was down 0.13 percent at 17,661.03 and the S&P 500 was down 0.05 percent at 2,067.75.
** HORIZON PHARMA PLC, $33.85, -2.00 pct
** DEPOMED INC, $27.98, +35.56 pct
Ireland-based Horizon Pharma said it offered to buy Depomed for about $3 billion, taking its bid hostile after the smaller drugmaker refused to start talks and rejected the proposal first made in May.
** ENTEROMEDICS INC, $0.3802, -33.94 pct
The medical device maker's offering of 32 million units priced at 50 cents/unit; represents discount of 13.7 percent to Monday close.