BUZZ-U.S. STOCKS ON THE MOVE-PMC-Sierra, Valeant
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U.S. stock index futures were slightly down on Monday after data showed that China's economic growth slipped below 7 percent for the first time since the global financial crisis. Dow Jones industrial average futures were down 0.26 percent at 17,070, S&P 500 futures were down 0.27 percent at 2,020 and Nasdaq 100 futures were down 0.24 percent at 4,424.
** MICROSEMI CORP, Friday close $37.36
** PMC-SIERRA INC, Friday close $10.24, +12.50 pct premarket
Chipmaker Microsemi said it had offered to buy chipmaker PMC-Sierra in a deal valued at about $2.4 billion.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Friday close $177.56, -3.77 pct premarket
The Canadian drugmaker which is under fire for massive price hikes of its two heart drugs, reported a better-than-expected quarterly profit, boosted mainly by strong performance in its U.S. dermatology business. Continued...