NEW YORK (MarketWatch) — A spurt of acquisition bulletins or speak of offers involving Wisconsin Vitality Corp., Oracle Corp., and Basic Electrical Co. could set these shares up for lively buying and selling in Monday’s session.
Wisconsin Vitality Corp.
WEC,
stated it will purchase Integrys Vitality Group Inc.
US:TEG
in a cash-and-stock buy valued at $9.1 billion, together with debt.
Oracle Corp.
ORCL,
shares could transfer after the tech firm was reported to be near a deal to purchase Micros Techniques Inc.
US:MCRS
for $5 billion. This could be the most important acquisition since Oracle purchased Solar Microsystems in 2010.
Basic Electrical Co.
GE,
may garner consideration after French engineering group Alstom SA
ALSMY,
ALO,
on Saturday formally accepted a sweetened provide for its power-equipment unit.
Individually, Banco Santander
SAN,
agreed to purchase GE Capital’s consumer-finance enterprise in Sweden, Denmark and Norway, the Spanish financial institution stated in an announcement on Monday. Banco Santander’s consumer-finance unit will purchase the GE Cash Financial institution AB enterprise for about 700 million euros ($952 million), with the deal anticipated to shut within the second half of 2014.
Harbinger Group Inc.
US:HRG
is getting ready to make a $1.1 billion bid for Central Backyard & Pet Co.
CENTA,
, The Wall Road Journal reported, citing a supply accustomed to the matter. Harbinger, the holding firm led by hedge-funder Philip Falcone, disclosed a 3.1% stake within the firm earlier this month.
Micron Expertise
MU,
is projected to report third-quarter earnings of 69 cents a share, in line with a consensus survey by FactSet.
“Whereas we count on the corporate to ship strong Could quarter outcomes, we glance to the August quarter and past when the trade faces provide constraints in gentle of continued demand progress,” stated analyst Hans Mosesmann at Raymond James Fairness Analysis in a current report. He additionally reiterate the inventory’s sturdy purchase score and raised the worth goal to $40 from $30.
Sonic
US:SONC
is predicted to submit earnings of 29 cents a share within the third quarter. Gentle spring climate and late arrival of summer time are more likely to have weighed on the fast-food restaurant’s same-store gross sales within the quarter, in line with analyst Rachael Rothman at Susquehanna Worldwide Group.
CBS
US:CBS,
Comcast Corp.
CMCSA,
and different leisure firms are anticipated to be within the highlight as traders await a Supreme Court docket ruling on the legality of Aereo that would come as early as Monday.
Aereo offers companies to permit subscribers to stream native over-the-air broadcasts to numerous digital gadgets. Main broadcasters are arguing that Aereo violates their rights beneath federal copyright regulation.
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