Popular News From Popular Sites: TSX edges up with help from Valeant

Monday, June 2, 2014

TSX edges up with help from Valeant

A sign displaying TSX information is seen in Toronto TORONTO, May 30, (Reuters) - Canada's main stock index edged higher on Friday, pulled up by Valeant Pharmaceuticals International after it again boosted the cash component of its takeover bid for drugmaker Allergan, a move that bucked up market sentiment following the release of weak economic growth figures early in the day. Still, the Toronto stock market's benchmark index slipped 0.3 percent for May, its first monthly decline in nearly a year. Valeant was the day's biggest net gainer after it adjusted its bid for Botox-maker Allergan Inc for the second time this week, contingent on the two sides negotiating. Valeant rose 1.6 percent to C$142.34.




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