Business News

Endo International plc To Issue Ordinary Shares Worth $2 Billion To Fund Par Pharma Deal

Endo International plc To Issue Ordinary Shares Worth $2 Billion To Fund Par Pharma Deal

Endo International plc (NASDAQ:ENDP) announced today the re-sizing of its secondary ordinary share offering. The company will now issue 4,024,025 ordinary shares, each valued at $83.25 per share. The aggregate proceeds from the shares will come up to an estimated $2 billion, in comparison to a prior $1.75 billion announced […]

Fortescue Metals Up 10.6% As Chinese Interest Follows Iron Ore Recovery

Fortescue Metals Up 10.6% As Chinese Interest Follows Iron Ore Recovery

Iron Ore prices have marked a recent recovery, gaining 7% over the past three days. The recovery comes after China’s weekly iron ore inventory levels hit its 52-week low on May 22, 2015. The CIOITTAL Index, which tracks China’s iron ore inventory, fell to 7,671.00 on Friday, with each unit […]