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.