BUZZ-U.S. STOCKS ON THE MOVE-Yanzhou Coal, Advaxis, Triumph Group
(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 indexes rose on Wednesday on merger activity in the healthcare sector even as energy stocks sold off after a large buildup in crude stockpiles sent oil futures reeling. The Dow Jones industrial average was up 0.13 percent at 17,899, the S&P 500 was up 0.25 percent at 2,081.42 and the Nasdaq Composite was up 0.71 percent at 4,944.941.
** MYLAN NV, $68.2175, +14.52 pct
** PERRIGO CO PLC, $196.77, +19.46 pct
Generic drugmaker Mylan said it offered to buy Perrigo for about $29 billion in cash and stock in a move that would significantly beef up Mylan's offerings of over-the-counter consumer products.
** ROYAL DUTCH SHELL PLC, $61.14, -6.60 pct
** BP PLC, $40.93, +1.69 pct
Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. ExxonMobil after a plunge in prices. Continued...