merger
BANK OF MONTREAL $84 (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 643.6 million; Market cap: $54.1 billion; Price-to-sales ratio: 2.8; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.bmo.com) is paying an undisclosed sum for Minneapolis-based Greene Holcomb Fisher....
BANK OF MONTREAL $84 (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 643.6 million; Market cap: $54.1 billion; Price-to-sales ratio: 2.8; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.bmo.com) is paying an undisclosed sum for Minneapolis-based Greene Holcomb Fisher....
HEWLETT-PACKARD ENTERPRISE CO., $18.25, New York symbol HPE, sells computing services and products, such as servers and analytics software, to businesses and governments. The stock jumped over 15% this week after the company announced that it would spin off its Enterprise Services business and merge it with Computer Sciences Corp. (New York symbol CSC). The Enterprise Services operations, which supply 36% of HP Enterprise’s total revenue, help corporate clients manage their data centres and computer networks....
MONSANTO CO. $112 (New York symbol MON, Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 436.8 million; Market cap: $48.9 billion; Price-tosales ratio: 3.5; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.monsanto.com) develops and sells technology-based agricultural products, such as genetically modified seeds, to farmers, grain processors and food companies. It also sells weed- and pest-control products. The company is now the target of a $122.00-a-share, all-cash takeover bid by Bayer AG— the German farm chemical and drugmaker. Bayer feels the merger would help both firms compete with rivals Dow Chemical Co. and DuPont Co., which plan to merge later this year. As well, China National Chemical Corp. agreed in February 2016 to acquire Switzerland- based Syngenta AG....
MONSANTO CO. $112 (New York symbol MON, Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 436.8 million; Market cap: $48.9 billion; Price-tosales ratio: 3.5; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.monsanto.com) develops and sells technology-based agricultural products, such as genetically modified seeds, to farmers, grain processors and food companies. It also sells weed- and pest-control products. The company is now the target of a $122.00-a-share, all-cash takeover bid by Bayer AG— the German farm chemical and drugmaker. Bayer feels the merger would help both firms compete with rivals Dow Chemical Co. and DuPont Co., which plan to merge later this year. As well, China National Chemical Corp. agreed in February 2016 to acquire Switzerland- based Syngenta AG....
NEWELL BRANDS INC. $48 (www.newellbrands.com) is up 8% since the merger of Newell Rubbermaid and Jarden Corp. on April 15, 2016. Newell shareholders now own 55% of the combined firm, which makes a wide variety of household goods such as pens, hand tools, coffee makers and baby strollers....
ALLIANT ENERGY CORP. $36 (www.alliantenergy.com) sells power and natural gas to 1.4 million customers in Wisconsin, Iowa and Minnesota. The company earned $97.6 million in the first quarter of 2016, up 1.0% from $96.6 million a year earlier. Due to more shares outstanding, per-share earnings fell 1.1%, to $0.43 from $0.435 (all per-share amounts adjusted for a 2-for-1 stock split in May 2016)....
Baker Hughes will use a $3.5 billion breakup fee to pay down debt and buy back shares following the collapse of a takeover bid by Halliburton
A: Baker Hughes, $47.13, symbol BHI on New York (Shares outstanding: 437.9 million; Market cap: $20.1 billion, www.bakerhughes.com), is the world’s third-largest drilling services and equipment company. Until recently, Baker Hughes was the subject of a $35 billion takeover offer from Halliburton (symbol HAL on New York). However, the deal fell through because of opposition from U.S. and European antitrust regulators. The merger would have brought together the world’s No. 2 and No. 3 oil services companies. That raised concerns about possibly higher prices for oil producers....
NISSAN MOTOR CO., $18.86, symbol NSANY on Nasdaq, is Japan’s second-largest automaker, after Toyota and ahead of Honda. Nissan has now agreed to buy a 34% stake in Mitsubishi Motors for $2.18 billion U.S. Mitsubishi’s share price has dropped about 43% since the company admitted that it manipulated data to inflate mileage results for some of its vehicles. The deal is contingent on Nissan looking closely at Mitsubishi’s operations and not finding any new problems. The company plans to let Mitsubishi remain a separate brand, with its own network of dealers. It won’t be involved in day-to-day operations....