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$PFE said it agreed to buy $MDVN for $81.50 per share in cash for total enterprise value of $14Bil. The proposed purchase is expected to immediately accelerate revenue growth and drive overall earnings growth potential for $PFE. $PFE expects to finance the transaction with existing cash and expects to close purchase in 3Q16 or 4Q16.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.