The companies said on Friday that Bristol-Myers would pay $31 a share in cash for San Diego-based Amylin. The deal includes Amylin's net debt and a payment obligation to Eli Lilly bringing the total value of the transaction to about $7 billion, the companies said.
The purchase price offers a 9.9% premium of to Amylin's closing share price Friday of $28.20.
Shares of Amylin rose 8.94% in premarket trading Monday to $30.72.RIM: Berries Dying on the Vine
Barclays PLC (BCS) said Monday its chairman has resigned. Marcus Agius departs following the bank's $453 million settlement of an investigation into alleged interest rate manipulation. Regulators in the U.S. and the U.K. alleged that Barclays had submitted false data for setting the London interbank offered rate, or Libor, between 2005 and 2009. Agius has been chairman at Barclays since the beginning of 2007. Barclays shares rose 3.79% in premarket trading Monday to $10.69.
Technology distributor Ingram Micro (IM) said Monday that it agreed to acquire wireless device distributorBrightPoint (CELL) for $840 million, including debt. The offer of $9 a share is a 66% premium to BrightPint's closing price Friday of $5.41. Shares of BrightPoint jumped 61.18% in premarket trading Monday to $8.72.
Germany's Linde agreed to buy Lincare Holdings (LNCR) for about $3.8 billion. Under the deal, Linde will pay $41.50 a share for Lincare, a leader in the U.S. home respiratory market. Lincare shares closed Friday at $34.02. Shares of Lincare climbed 19.93% in premarket trading Monday to $40.80.
Apple (AAPL) paid $60 million to Shenzhen Proview Technology to settle a dispute in China over ownership of the iPad name, a court announced Monday, according to a report from The Associated Press. The deal removes a potential obstacle to sales of the iPad in China, a key market. Apple shares ticked up $1.25, or 0.21%, in premarket trading Monday to $585.25. Sirius XM Teetering on the Brink of Irrelevancy
Acuity Brands (AYI)is expected by analysts Monday to post third-quarter earnings of 79 cents a share on revenue $492 million. AB InBev Gulps Corona Maker For $21.1 Billion -- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV