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Acquisitions, Project Announcements & Trend Analysis News for Oxygen Biotherapeutics, Glu Mobile, Cisco Systems, Barrick Gold, CVS Caremark
Date:11/6/2013

er=ABX"> ABX) $3B equity offering, but insiders say there is no talk of re-pricing the deal.The banks reportedly sold a large chunk of the 163.5M-share offering last Thursday night and Friday morning, but the gold price fell on Friday and ABX shares dropped well below the $18.35 offer price; a large short position also is working against the stock.But insiders say they are optimistic the deal will sell this week; large funds are taking time to do their homework, and index funds that have to own ABX have not bought in yet, they say.

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CVS Caremark Corporation(NYSE: CVS) reports a nice jump in profits during Q3 as its pharmacy business thrived and a legal settlement factored in.Revenue in the Pharmacy Services segment rose 7.8% to $19.5B on higher claims and drug prices, while the Retail Pharmacy segment saw a 5% jump in sales to $16.3B on higher prescription volume.The company raised and narrowed its guidance for full year EPS.

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