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

Tue Sep 20, 2016 10:07am EDT
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(Corrects Trinseo item to say the share offering was announced by the company, not the private equity seller) U.S. stocks opened higher as investors saw little room for the Federal Reserve to raise interest rates in a two-day meeting starting Tuesday. The Dow Jones Industrial Average was up 0.47 percent at 18,204.95, the S&P 500 was up 0.41 percent at 2,147.88 and the Nasdaq Composite was up 0.39 percent at 5,255.366.

** TOBIRA THERAPEUTICS INC, $35.7, +653.16 pct

** ALLERGAN PLC, $241.78, -1.43 pct

Allergan said it would buy Tobira Therapeutics in a deal worth up to $1.7 billion, to gain access to 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.



** GALECTIN THERAPEUTICS INC, $1.97, +17.96 pct   Continued...