Pfizer Inc (PFE) on Monday said it would buy Botox maker Allergan Plc (AGN) in a $160-billion stock deal that will create the world’s largest drug maker.
The deal values Allergan’s shares at $363.63 each, representing a 16% premium to the stock’s closing price of $312.46 on Friday.
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Facebook (FB) — Chief Executive Officer Mark Zuckerberg announced on Friday that he would take a two-month paternity leave when his daughter arrives. Describing it as a “very personal decision”, the Facebook founder wrote: “Studies show that when working parents take time to be with their newborns, outcomes are better for the children and families.”
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Shares of KaloBios Pharmaceuticals, Inc. (KBIO) soared more than 34% to hit a new record high of $26.65 on Monday on higher-than-average volume.
More than 2.7 million shares of the stock had changed hands by 10:06 a.m. ET, compared to the daily average volume of 1.17 million.
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General Electric (GE) – The Fairfield, Connecticut-based company struck a deal to sell its $5.8 billion U.K. mortgage business to a consortium led by Blackstone.
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Shares of Can-Fite BioPharma Ltd. (CANF) have risen nearly 32% in morning trading Monday after the company said the development of its drug candidate CF102 will be expanded beyond hepatocellular carcinoma, into treatment for non-alcoholic steatohepatitis.
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