Morning Buzz: Lexmark (LXK), Yahoo (YHOO), Valeant (VRX), Twitter (TWTR)

Lexmark Int’l Inc. (LXK) – Reuters reports that China’s Apex Technology is in talks to acquire U.S. printer and imaging systems provider Lexmark International.

While the report says Apex is working with a U.S. investment bank and already has the backing of some Chinese bank, it cautions that there is no certainty that a deal with Lexmark will materialize.

So far this morning, LXK is indicated up 4% at $33.81.

Shares of Yahoo! Inc. (YHOO) fell around 2% in pre-market trading on Thursday following a Re/Code report detailing Japan’s Softbank (SFTBY) intention to end $240 million in annual fees it pays to the Web Portal instead of purchasing it.

Shares of Valeant Pharmaceuticals International, Inc. (VRX) are higher by nearly 5% to $35.82 in pre-market trading on Thursday after the company announced that it has obtained lender consent for credit facility amendment. The embattled pharmaceutical company said it expects to close the amendment and waiver next week.

Pursuant to the approved waiver, the deadline for filing Valeant’s Form 10-K will be extended to May 31, 2016 and the deadline for filing its Form 10-Q for the quarter ended March 31, 2016 will be extended to July 31, 2016.

Morgan Stanley (MS) reported on Thursday that they have lowered their price target for Twitter, Inc. (TWTR) to $16 from $18. Firm maintained its ‘Underweight’ rating on the shares.

Twitter Inc. recently traded at $16.78, a loss of $0.48 over Wednesday’s closing price. The name has a current market capitalization of $11.95 billion.

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