Elan Corporation, plc (ADR) (NYSE:ELN) shares moved up after RP Management on Monday offered to acquire the Elan Corporation of Ireland for $6.6 billion, in an effort to scuttle the stand-alone strategy sketched by the drug maker. According to the initial offer, RP Management, or Royalty Pharma, revealed an $11-a-share bid for Elan.
In the mid-day, Elan Corporation, plc (ADR) (NYSE:ELN) surged +7.64% to $11.41 and its total traded volume was 4.39 million shares. ELAN has market cap of 6.84 billion.
Hertz Global Holdings, Inc. (NYSE:HTZ) reported a quarterly loss due to costs associated to its purchase of Dollar Thrifty, but adjusted profit exceeded analysts&apos predictions and the car rental company estimates strong results for 2013 on higher pricing. Hertz forecast adjusted earnings of $1.82 to $1.92 per share for 2013 on revenue of $10.85 billion to $10.95 billion.
In the mid-day, Hertz Global Holdings, Inc. (NYSE:HTZ) jumped +7.96% to $20.22 with the total traded volume of 3.96 million shares. Stock hit a new 52 weeks high of $20.37.
Barnes & Noble, Inc. (NYSE:BKS) Chairman Leonard Riggio has reported the board he aims to purchase the retail assets of the company together with Barnes & Noble Booksellers Inc and barnesandnoble.com, but apart from the Nook Media business, sending the company&aposs shares up.
Barnes & Noble, Inc. (NYSE:BKS) reported the gain of +8.73% to $14.69 in the mid-day with the total traded volume of 1.79 million shares.
WebMD Health Corp. (NASDAQ:WBMD) moved up +5.48% to $21.56 in the mid-day trading hours. WBMD has outstanding shares of 50.09 million with the total market cap of 1.08 billion and its beta value stands at 0.91 times. WebMD Health Corp. (WebMD) is a provider of health information services to consumers, physicians and other healthcare professionals.
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