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Stocks to Watch: Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL), Lionbridge Technologies, Inc. (NASDAQ:LIOX), RCI Hospitality Holdings, Inc. (NASDAQ:RICK)

Stocks to Watch: Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL), Lionbridge Technologies, Inc. (NASDAQ:LIOX), RCI Hospitality Holdings, Inc. (NASDAQ:RICK)
Written by
Joel Najarian
Published on
October 9, 2014
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Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) shares rose Thursday to their highest level since May 2010, after the biopharmaceutical company terminated its proposed merger agreement with biotechnology company QLT (QLTI) and instead agreed to be acquired by Endo International (ENDP) for $33.25 a share in cash and stock. Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) was up 10% at $32.85 in recent trading, after reaching an intraday high of $33, its highest level since May 2010. ENDP, meanwhile, slipped, down 2.9% at $68.94. It has a 52-week range of $43.12 to $82.16.The boards of both companies have unanimously approved the transaction, which is valued at $2.6 billion, including the repayment and assumption of debt. The per-share consideration represents a premium of 55% to Auxilium's closing price on Sept. 16, 2014, the day Endo made public its proposal for Auxilium. The transaction will include an election mechanism for Auxilium stockholders to elect cash and stock, all-stock or all-cash consideration. The deal is expected to be "immediately accretive post-close and meaningfully accretive in each year thereafter." Auxilium agreed to pay to QLT a termination fee in the amount of $28.4 million. QLTI was up 1.2% at $4.09 after sinking to $3.79, its lowest level since December 2012.Lionbridge Technologies, Inc. (NASDAQ:LIOX) said it has acquired Clay Tablet Technologies, a Toronto, Canada-based provider of integration software that connects content management systems with translation processes and technologies, for an undisclosed amount. The cloud technology provider said the acquisition is expected to be neutral to earnings in 2014 and to be modestly accretive to earnings in 2015 including minimal acquisition and integration costs. Lionbridge Technologies, Inc. (NASDAQ:LIOX) closed in the lower half of the 52-week range between $3.57 and $7.50.RCI Hospitality Holdings, Inc. (NASDAQ:RICK) said Q4 club and restaurant sales gained 20.3%, helped by new openings and a move to boost higher margin customers. Total sales were $32.7 million, compared to $27.2 million a year ago. There were 45 units, compared with 39 in the year ago quarter. The figures do not include sales from internet or media subsidiaries. 4Q14 same store sales were $27.9 million compared to $26.1 million. Nearly all major brands increased sales, including Club Onyx, which has been in a turnaround. "As we continue to grow in FY15, we expect to open a fifth Bombshells in south Houston, enter into additional leases, and continue to look at adult club acquisition candidates. We will also be focused on the performance of our existing clubs and restaurants, reviewing underperforming assets, expanding margins, and maximizing cash generation," RCI Hospitality Holdings, Inc. (NASDAQ:RICK) president and CEO Eric Langan said.

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