BUZZ-U.S. STOCKS ON THE MOVE-Mylan, Teva, Supertel, Harley-Davidson
(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. stocks edged up on Tuesday for the second straight day as a spate of companies beat lowered earnings expectations, helping to ease fears of a disappointing quarter. The Dow Jones industrial average was down 0.12 percent at 18,013.31, the S&P 500 was up 0.10 percent at 2,102.45 and the Nasdaq Composite was unchanged.
** MYLAN NV, $73.8001, +8.46 pct
** TEVA PHARMACEUTICAL INDUSTRIES, $65.1, +2.86 pct
** PERRIGO CO PLC, $193.63, -2.25 pct
Teva offered to buy Mylan at $82 per share in cash and stock. The Israeli company said its proposal was contingent on Mylan not proceeding with its planned acquisition of Perrigo, which it offered to buy for $29 bln earlier this month.
** JAKKS PACIFIC INC, $7.0901, +2.76 pct
The toymaker reported better-than-expected first-quarter revenue, helped by its dolls based on Disney characters. The company secured licenses for entertainment franchises with releases in 2016. Continued...