Among the companies with shares expected to actively trade in
Monday's session are Duff & Phelps Corp. (DUF) and
Bristol-Myers Squibb Co. (BMY).
Investment-banking and valuation-advisory firm Duff & Phelps
Corp. (DUF) agreed to be acquired for about $665.5 million by an
investor group that includes private-equity firm Carlyle Group LP.
Terms of the deal announced Sunday call for Duff & Phelps
shareholders to get $15.55 a share, about a 19% premium to Friday's
close price of $13.05. Shares were trading 19% higher at $15.47 in
premarket trading Monday.
The U.S. Food and Drug Administration approved an anticlotting
drug developed by Bristol-Myers and Pfizer Inc. (PFE) to lower the
risk of stroke in patients with a heart-rhythm disorder called
atrial fibrillation--the fourth approval for the treatment in less
than two months. Bristol-Myers shares rose 1.5% to $32.38 in light
premarket trade.
Watchlist:
Amazon.com Inc. (AMZN) said Friday director Blake Krikorian is
resigning from its board after a stint of slightly more than a
year, as the entrepreneur sells his current startup and moves on to
a new position at the acquiring firm.
Brady Corp. (BRC) acquired Precision Dynamics Corp. from its
private-equity owner for $300 million in cash, giving the provider
of employee ID cards, bar-code labels and signs a larger footprint
in the lucrative health-care market.
Standard & Poor's Ratings Services lowered its credit
ratings on ConAgra Foods Inc. (CAG) by one notch to the brink of
junk territory, after the packaged-foods company last month said it
would fund its acquisition of Ralcorp Holdings Inc. (RAH) with
debt.
Resolute Energy Corp. (REN) has agreed to acquire a 32% stake in
oil assets located in the Permian Basin in Texas from private
parties for approximately $125 million, as the oil and natural-gas
company looks to expand its presence in the region.
SORL Auto Parts Inc. (SORL) raised its full-year earnings
guidance to reflect the lower tax rate granted by the Chinese
government's renewal of SORL's high-tech enterprise status.
-Write to Mia Lamar at mia.lamar@dowjones.com
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