Horizon Pharma Inc. Acquires Vidara Therapeutics in a Reverse Merger Deal Worth $660M in Cash and Stock


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Companies Mentioned

NYSE:ABX / PK:MINE / PK:SPLI / NASDAQ:HZNP
03/20/2014 [ACCESSWIRE]

Barrick Gold Corporation (NYSE: ABX) – For an in-depth report on Barrick Gold Corporation follow: www.BullTrends.com/stockquote/ABX

Barrick Gold Corp. closed down about 4% on Wednesday with 13.3 million shares traded roughly. The stock was one of the most active stocks on the NASDAQ. Earlier this month the company announced that it has completed the divestment of 13.5% of its shareholding held indirectly in African Barrick Gold plc (“ABG”). The sale of the 41 million African Barrick shares represents about 10% of the entity’s issued ordinary capital. Barrick Gold has completed the sale at 275 pence per ordinary share, raising gross proceeds of roughly GBP 113 million ($188 million).

Minerco Resources, Inc. (OTC: MINE) - For an in-depth report on Minerco Resources, Inc. follow: www.BullTrends.com/stockquote/MINE

Shares of Minerco Resources blew up on Wednesday to close in the green up 46.02%. The stock was one of the biggest gainers in the OTC market and traded nearly 330 million shares. The company had no significant news. Minerco Resources is the parent company of Level 5 Beverage Company ("Level 5"), a specialty beverage company which develops, produces, markets and distributes a diversified portfolio of all-natural and highly functional brands.

AvWorks Aviation Corp. (OTC: SPLI) - For an in-depth report on AvWorks Aviation Corp. follow: www.BullTrends.com/stockquote/SPLI

AvWorks Aviation closed down about 6% on Wednesday with about 12.2 million shares traded. The stock was one of the biggest losers in the OTC Market. Earlier this month the company announced that its Board of Directors had passed a resolution cancelling the previously announced 30:1 reverse split of its common stock, as per the 14C Information Statement filed with the Securities and Exchange Commission on February 11, 2014, and accordingly will notify all appropriate regulatory authorities that the reverse is withdrawn.

Horizon Pharma, Inc. (NASDAQ: HZNP) - For an in-depth report on Horizon Pharma, Inc. follow: www.BullTrends.com/stockquote/HZNP

Shares of HZNP closed up 9.13% on nearly 15 million shares traded. The stock was one of the biggest gainers on the NASDAQ and had one of the biggest volume advances as well. During intra-day trading the stock hit a new yearly high of $18.30. The company announced that it had acquired Vidara Therapuetics in a reverse merger valued at $660 million in cash and stock. The new company will be called Horizon Pharma plc.

 

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