logo-loader
viewMylan Inc.

Mylan, Vantiv,Achillion Pharmaceuticals and more - PRE-MARKET

A look at what's hot and what's not before the bell in New York

stockmarket
Stockwatchers in New York - the Wall Street trading floor

With US futures pointing to a lower open as global markets are taking a knock from President Trump's comments over North Korea and mounting tension, several stocks are in play before the bell.

Vantiv Inc shares shed around 0.48% after the bell as it emerged that it had sealed its $10.4bn meger with London listed giant Worldpay.

Vantiv offered 55 pence in cash for each Worldpay share, an interim divi of 0.8 pence per Worldpay share, and a special divi of 4.2 pence per share, and the deal will create a combined entity worth almost US$29bn.

Elsewhere, Mylan NV (NASDAQ:MYL) shed 7.71% in pre-market deals to US$29.30 as it posted downbeat second quarter results and issued a weak full year 2017 outlook.

Earnings rose to US$297mln from US$168.4mln last year. Adjusted earnings-per-share were US$1.10, below consensus estimates of US$1.16.

 

Also tanking before the bell was fashion and manufacturing firm Fossil Group Inc (NASDAQ:FOSL), down 21.96% to US$9.24, as it reported a big second quarter loss and the departure of its finance chief.

Meanwhile, Childrens Place Inc (NASDAQ: PLCE), the kids clothing retailer, saw shares lose  over 4% in pre-market to US$113.14 as it reported the appointment of Steven G. Rado to the position of chief digital officer with effect from August 14 this year.

Elsewhere, Achillion Pharmaceuticals Inc (NASDAQ:ACHN) raced up over 21% to US$4.88 before the bell as second-quarter losses at the New Haven-based drugmaker increased by 21.6% to US$22.5mln, which was in-line with expectations.

Quick facts: Mylan Inc.

Price: 18.68 USD

NASDAQ:MYL
Market: NASDAQ
Market Cap: $9.64 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Bulls, Bears and Brokers: Alto Capital’s Tony Locantro picks five...

Alto Capital investment manager and stock market commentator Tony Locantro speaks to Proactive about the stock markets reaction to the Dow Jones crash as well as the top five investments to look out for this week.  Locantro also provides his views on the real-estate markets'...

in 15 hours, 47 minutes

2 min read