Avista Corporation (NYSE: AVA) takes over, AT & T Inc. (NYSE: T) and Bank of America Corporation (NYSE: BAC) slip lower

Avista Corporation (NYSE: AVA) and the Ontario Teachers buy INC Research for $ 600 million

In brief: Avista Corporation (NYSE: AVA), AT & T Inc. (NYSE: T) and Bank of America Corporation (NYSE: BAC) lost their last chance to complete the auction in the green zone today.

AT & T Inc. (NYSE: T) shares continue to decline towards 26.97 points, losing -0.31 (-1.14%). Bank of America Corporation (NYSE: BAC) shares slide to downtick of 13.08 points, losing -0.24 (-1.80%) at the end of trading session.

Avista Corporation (NYSE: AVA) drops to 20.65, -0.42 (-1.99%). The U.S. Avista Capital Partners investment company and the Canadian Ontario Teachers’ Pension Plan fund agreed to acquire for $ 600 million INC Research, which specializes in development of new drugs for pharmaceutical and biotechnology companies.

Elena Koschiko
 2010-08-19 17:32, Economics.

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