Endo Buys Par Pharmaceutical; Intel, Altera Relaunch Deal Talks

Endo Pharmaceutical (ENDP) shares were on the move after the company agreed to buy privately-held Par Pharmaceutical Holdings for just over $8 billion in cash and stock. The deal would create one of the five largest generic drug makers in the U.S. Ann Inc (ANN), owner of brands Loft and Ann Taylor, will be acquired by Ascena Retail Group (ASNA) for $47 a share, a deal that values Ann at around $2 billion. Apple (AAPL) is working to improve Apple Maps. The company bought high-precision GPS firm Coherent Navigation for an undisclosed amount. Intel (INTC) and Altera (ALTR) have reportedly restarted deal talks.