(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 2:40 p.m. New York time.
Biogen Idec Inc. (BIIB US) rose $2.80, or 5.7 percent, to
$52.01 and traded as high as $52.26. The maker of the multiple
sclerosis drug Tysabri began accepting bids in a buyback of as
much as $3 billion in shares. The buyback, which will give Biogen
an additional 16 percent of its 342.6 million shares outstanding,
will be funded by cash and borrowings, Biogen said. The company
will pay stockholders between $47 and $53 a share in the so-
called Dutch Auction.
Read more at Bloomberg Stocks News
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 2:40 p.m. New York time.
Biogen Idec Inc. (BIIB US) rose $2.80, or 5.7 percent, to
$52.01 and traded as high as $52.26. The maker of the multiple
sclerosis drug Tysabri began accepting bids in a buyback of as
much as $3 billion in shares. The buyback, which will give Biogen
an additional 16 percent of its 342.6 million shares outstanding,
will be funded by cash and borrowings, Biogen said. The company
will pay stockholders between $47 and $53 a share in the so-
called Dutch Auction.
Read more at Bloomberg Stocks News
No comments:
Post a Comment