Dow Jones today, Aug. 15, 2014: U.S. stocks slumped Friday, turning downward from early gains this morning, after new reports emerged of rising geopolitical conflict in Ukraine. This morning, a Ukrainian military leader said his forces had attacked a column of Russian armored trucks that crossed the border.
- Dow Jones Today Sheds 50 Points; MNST and AGN Among Day's Biggest Gainers
- Allergan Inc. (NYSE: AGN) Targeted in Unusual Takeover Bid
News that activist investor Bill Ackman has teamed up with Valeant Pharmaceuticals International Inc. (NYSE: VRX) to take over Allergan Inc. (NYSE: AGN) sent shares of both companies soaring today.
Allergan shares surged some 17% to a 52-week high of $165.39 intraday. Meanwhile, Valeant shares jumped more than 7% to $134.42.