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Monday 19 October 2015
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Pre- Market News Review: Mylan NV (NASDAQ:MYL), Lowe’s Companies, (NYSE:LOW), Barclays PLC (NYSE:BCS), Blackstone Group LP (NYSE:BX)

On Thursday, Mylan NV (NASDAQ:MYL)’s shares inclined 2.02% to $70.35.

Mylan NV (MYL) has said it doubts a Teva deal could withstand antitrust scrutiny, though Teva has said it’s willing to make the necessary divestitures. The companies traded barbs again on Monday, with Mylan pressing Teva for a legally binding offer and Teva maintaining that its proposal is serious.

Teva, for its part, has about 40 injectable drugs, and Mylan about 70. If there’s overlap to be sold, Shandell said he wants some of the pieces.

Mylan N.V., through its auxiliaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, or transdermal patch forms, in addition to active pharmaceutical ingredients (APIs).

Lowe’s Companies, Inc. (NYSE:LOW)’s shares gained 0.72% to $67.01.

Lowe’s Companies, Inc. (LOW)’s Canada and the Baeumler Family Foundation (BFF) are partnering to provide essential home renovations to make homes safe and accessible for those in need through a new point of sale fundraising campaign. The campaign in support of BFF is taking place in all 38 Lowe’s stores in Canada throughout the month of June 2015 where customers are invited to donate $2 at checkout.

Lowe’s has supported BFF in the past with product donations on various accessibility projects in Ontario cities counting Windsor , Markham , Burlington and Mississauga , however, this is the first year that Lowe’s is partnering with BFF for such a campaign where they are inviting customers to donate to the cause. All proceeds raised through the fundraiser will go towards BFF builds and renovation projects for underprivileged children and families in need of accessibility, safety and security in the home.

Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment. The company also offers installation services through independent contractors in various product categories; extended protection plans; and in-warranty and out-of-warranty repair services. It provides national brand-name merchandise and private branded products.

At the end of Thursday’s trade, Barclays PLC (ADR) (NYSE:BCS)‘s shares surged 1.01% to $15.95.

Barclays PLC (BCS) declared that during the Index rebalance that commences following the close of business on Friday, July 10, 2015, the following index constituent will be removed from the Atlantic Trust Select MLP Index (the “Index”):

  • Enable Midstream Partners, LP (ENBL)

The Barclays ETN+ Select MLP ETNs are linked to the performance of the Volume-Weighted Average Price (“VWAP”) of the Index. The ETNs were listed on the NYSE Arca stock exchange in March 2013 under the ticker symbol ATMP. An investment in the ETNs involves noteworthyrisks, counting possible loss of principal, and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. The ETNs are speculative and may exhibit high volatility. The ETNs are also subject to certain investor fees, which will have a negative effect on the value of the ETNs. You are not guaranteed to receive coupon payments on the ETNs. You will receive a coupon payment on a coupon payment date only to the extent that the accrued dividend exceeds the accrued investor fee on the relevant coupon valuation date.

Barclays PLC, through its auxiliaries, provides various financial products and services worldwide. It offers personal and corporate banking, mortgage, and wealth and investment administration services to individuals and businesses; consumer payments products and services to consumers and merchants; and retail and business banking, corporate and investment banking, and wealth administration and insurance services. The company also provides brokerage and risk administration services across various asset classes, counting equity and fixed income, currency, and commodity products; planned advice on mergers and acquisitions, corporate finance, and planned risk administration solutions; and multi-asset class and macro-economic research services, in addition to offers credit cards and wholesale banking.

Blackstone Group LP (NYSE:BX), ended its Thursday’s trading session with 1.27% gain, and closed at $39.09.

Blackstone (BX) declared that it will host a conference call for the media on Thursday, July 16, 2015 at 9:30 a.m. ET to review second quarter 2015 results.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios. It launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets.

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