Must Watch Stocks for October 10, 2016

 

Some of the stocks that may grab investor focus today are:

  • Shares of Best Buy Co Inc BBY gained Friday, on unconfirmed market chatter of interest from private equity. "Sources" say there is talk of a deal around $50 per share. Best Buy shares rose 1.89 percent to close at $38.90 on Friday.
  • Mylan NV MYL shares , which had lost 2.44 percent over the regular trading session, gained almost 9 percent, after the company reported a deal to settle on EpiPen classification rebates to Medicaid. As per a press release, the company agreed to a $465 million settlement with U.S. several government agencies, including the Department of Justice, but did not recognize any wrongdoing. In addition, management trimmed its fiscal 2016 adjusted EPS guidance from $4.85–$5.15 to $4.70–$4.90, while assuring it remains committed to its guidance of at least $6.00 in 2018 adjusted EPS.

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  • The Boards of William Hill PLC and Amaya Inc. AYA announced Friday, that they are in discussions regarding a potential all stock merger of equals, confirming a report from Reuters. Amaya reiterated that has been undertaking a review of its strategic alternatives since February 2016, while the Board of William Hill has been evaluating options to accelerate its strategy of increasing diversification by growing its digital and international businesses. Amaya shares gained 3.20 percent to close at $16.75 on Friday.
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