Top Headline
Shire plc SHPG announced its plans to buy ViroPharma VPHM for $4.2 billion.
Equities Trading UP
ViroPharma VPHM shot up 25.46 percent to $49.40 after the company agreed to be acquired by Shire SHPG for $50 per share.
Arena Pharmaceuticals ARNA was also up, gaining 10.65 percent to $5.30 after Jefferies reiterated its Buy rating and $12 price target on the company Monday morning.
Equities Trading DOWNDenbury Resources DNR was also down, falling 5.89 percent to $18.21 after a proposal for the company to become an MLP was rejected.
Commodities
In commodity news, oil traded up 0.56 percent to $95.13, while gold traded down 0.13 percent to $1,282.80.
Eurozone
European shares were higher today. The Spanish Ibex Index gained 0.44 percent, while Italy's FTSE MIB Index rose 0.77 percent. Meanwhile, the German DAX gained 0.42 percent and the French CAC 40 surged 0.70 percent while U.K. shares rose 0.33 percent.
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