BUZZ-U.S. STOCKS ON THE MOVE-Tobira, Ascena Retail, Seaworld, Encana

Tue Sep 20, 2016 8:57am 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 futures were higher as investors saw little room for the Federal Reserve to raise interest rates in a two-day policy meeting starting Tuesday. Dow Jones industrial average futures were up 0.34 percent at 18,113, S&P 500 futures were up 0.38 percent at 2,141 and Nasdaq 100 futures were up 0.31 percent at 4,809.

** TOBIRA THERAPEUTICS INC, Monday close $4.74, +575.32 pct premarket

** ALLERGAN PLC, Monday close $245.29, -0.37 pct premarket

Allergan Plc said it would buy Tobira Therapeutics Inc in a deal worth up to $1.7 billion, to gain access to its experimental therapies for a fatty liver disease called NASH. Allergan's offer of $28.35 per Tobira share upfront is nearly a 500 percent premium to the stock's close on Monday.

** ASCENA RETAIL GROUP INC, Monday close $8.12, -23.28 pct premarket

The women's apparel retailer reported lower-than-expected quarterly same-store sales as strong competition lures away traffic from stores.

** SEAWORLD ENTERTAINMENT INC, Monday close $12.69, -7.01 pct premarket   Continued...