BUZZ-U.S. STOCKS ON THE MOVE-Dyax, MedAssets, HP, Acadia
(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) Wall Street was higher on Monday as data showed factory activity was beginning to stabilize in key countries and health care stocks rallied. The Dow Jones industrial average was up 0.59 percent at 17,767.36, the S&P 500 was up 0.78 percent at 2,095.56 and the Nasdaq Composite was up 1.04 percent at 5,106.422.
** DYAX CORP, $35.36, +28.44 pct
** SHIRE PLC, $224.55, -1.10 pct
** BAXALTA INC, $35, +1.57 pct
British drugmaker Shire agreed to buy U.S. rare disease specialist Dyax Corp for about $5.9 billion - and potentially up to $6.5 billion - while still pursuing a five times larger unsolicited bid for Baxalta Inc. The offer price of $37.30 per share represents a 35.5 percent premium to Dyax's stock's Friday closing.
** MEDASSETS INC, $30.8, +30.07 pct
The healthcare analytics provider agreed to be acquired by private equity firm Pamplona Capital Management for about $1.86 billion. Pamplona's offer of $31.35 per MedAssets share represents a premium of 32 percent to the stock's closing pricing on Friday.
** ESTEE LAUDER COS INC, $86.5, +7.51 pct Continued...