(Bloomberg) -- The following is a list of companies
whose shares had unusual price changes in U.S. exchanges today.
Stock symbols are in parentheses after company names. Shares
prices are as of 4 p.m. New York time.
Biogen Idec Inc. (BIIB US) rose $2.92, or 5.9 percent, to
$52.13. The maker of the multiple sclerosis drug Tysabri began
accepting bids in a buyback of as much as $3 billion in shares.
The buyback, which will give Biogen an additional 16 percent of
its 342.6 million shares outstanding, will be funded by cash and
borrowings, Biogen said. The company will pay stockholders
between $47 and $53 a share in the so-called Dutch Auction.
Read more at Bloomberg Stocks News
whose shares had unusual price changes in U.S. exchanges today.
Stock symbols are in parentheses after company names. Shares
prices are as of 4 p.m. New York time.
Biogen Idec Inc. (BIIB US) rose $2.92, or 5.9 percent, to
$52.13. The maker of the multiple sclerosis drug Tysabri began
accepting bids in a buyback of as much as $3 billion in shares.
The buyback, which will give Biogen an additional 16 percent of
its 342.6 million shares outstanding, will be funded by cash and
borrowings, Biogen said. The company will pay stockholders
between $47 and $53 a share in the so-called Dutch Auction.
Read more at Bloomberg Stocks News
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