Diamonds and Dogs


Mylan NV (MYL)

Mylan is trading higher again today, up 2.59% to $70.14. The generic pharmaceutical company saw its shares jump on a continued rally from the news of their deal with Perrigo. Under the deal (which was announced yesterday), Perrigo shareholders would receive $205 per share in a combination of cash and stock. The transaction is valued at approximately $29 billion, which represents a premium of over 25% on Perrigo's unaffected trading price as on Apr 3, 2015. Shares of Mylan popped $8.00 yesterday and nearly another $2.00 today, to a new 52-week high of $72.62.

Zynga Inc. (ZNGA)

Zynga is not looking fun today, down 18.27% to $2.37. The online gaming company saw its shares fall after announcing that they are replacing current CEO Don Mattrick with former CEO and co-founder Marc Pincus. The move have investors feeling that the company is drowning and trying to hit the "reset button." Shares of Zynga fell over $0.50 today and crept close to their 52-week low of $2.20. 

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.