Monday morning has been all about buyouts and offers ranging from IT to Utility. Major events which are making headlines are as follows.
Oracle Corporation (NYSE:ORCL) in a smart move has decided to acquire Micros System in a $5 billion deal. Currently, Oracle Corporation (NYSE:ORCL) is trading flat at $41.10.
General Electric Company (NYSE:GE) got a relief after it received much needed backing from France government and Alstom’s board backed for its offer to buy out the energy business of Alstom. Investors didn’t cheer the news of relief for General Electric Company (NYSE:GE) as company’s shares are down by 1.17% to $26.66.
Chip Wilson, the Founder of Lululemon Athletica Inc (NASDAQ:LULU) has been busy working with Goldman Sachs in finding potential buyer along with other strategic option for the company as reported by WSJ. Shares of Lululemon Athletica Inc (NASDAQ:LULU) are up by 3.57% so far on Monday.
If rumors are true then this could turnout to be a big setback for The Boeing Company (NYSE:BA). It is expected that $3.5 billion contract which it had received from Pentagon might be revamped. Shares of the company are trading at $131.10 down, 0.76% in red.
Past continues to haunt General Motors Inc (NYSE:GM) after it failed to action upon Former corporate quality audit chief William McAleer’s warning in 2002 in which he had stated that the company should recall unsafe vehicles as reported by reuters. Shares of General Motors Inc (NYSE:GM) are trading up by 0.94% at $36.58.
It wasn’t a pleasant Monday morning for CEO Dov Charney after he was outsted from American Apparel Inc (NYSEMKT:APP), After an internal investigation found Dov Charney guilty of violation of companies policies and misutilizing funds. Shares of American Apparel Inc (NYSEMKT:APP) are trading down by 0.78% at $0.684.
Shares of Wisconsin Energy Corp (NYSE:WEC) were down in early trade after the company announced its plans of acquiring Integrys Energy for $71.47 per share in cash and stock deal. Shares of Wisconsin Energy Corp (NYSE:WEC) have declined by 2.13% to currently trade at $45.88.