Why Are These Five Stocks on Investors’ Radars Today?

Transocean Acquires Transocean Partners

Transocean LTD (NYSE:RIG) is in the spotlight after the company said on Monday that it had agreed to acquire all of the outstanding common units of Transocean Partners LLC in a share-for-unit merger transaction. According to the deal, Transocean Partners common unitholders will receive 1.1427 Transocean shares for each Transocean Partners common unit. Transocean expects to issue approximately 22.7 million shares in the merger. The deal is expected to close in the fourth quarter of 2016. Transocean will also acquire 51% of ownership interests in Discoverer Inspiration, Discoverer Clear Leader and Development Driller III, currently owned by Transocean Partners. Joshua Packwood and Schuster Tanger’s Radix Partners was one of 39 hedge funds from our database that were bullish on Transocean LTD (NYSE:RIG) heading into the second quarter.

Vulcan Materials Misses Estimates

Vulcan Materials Company (NYSE:VMC)’s stock has slid by more than 4% so far today after the company reported second-quarter earnings that missed analysts’ forecasts. The Alabama-based construction materials company posted EPS $0.90, versus estimates of $1.00, while revenue in the quarter came in at $957 million, worse than the expected $1.01 billion. The performance in the quarter was badly affected due to soft volumes amid extremely wet weather, as well as slower-than-expected start to large projects. Among the funds tracked by us, 41 investors were positioned in Vulcan Materials Company (NYSE:VMC) at the end of March.

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