While you were sleeping Forest Lab deal lifts

Tue, 18 Feb 2014

By Margreet Dietz Feb 19 (BusinessDesk) – Wall Street moved higher, supported by a US$25 billion takeover of Forest Laboratories by Dublin-based Actavis which reminded investors that there is still value to be found in equities. "Just the fact that acquisitions are being made shows that prices aren't completely out of whack," Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey, told Reuters. “That's supportive to the market and it certainly shifts investors' focus from profit taking.” Shares o...

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