Why These 5 Stocks Are Making Monday Headlines

Yahoo! Final Bids Expected to Come In Today

Yahoo! Inc. (NASDAQ:YHOO)‘s month-long quest to divest its internet assets is nearing the finishing stages, as the final bids from various parties are expected to come in today. According to the New York Times, analysts are expecting the final winning bid to be as much as $6 billion. Separately, Yahoo is expected to release its second quarter results after the market close today, with expectations being that they will show a noticeable year-over-year decline in profit and sales. Of the 766 elite funds that we track, 97 funds were shareholders of Yahoo! Inc. (NASDAQ:YHOO) on March 31, owning $7.92 billion of its shares in aggregate, up from 84 funds with $5.92 billion in holdings on December 31.

Utility Merger Runs Into Hawaiian Regulators

NextEra Energy Inc (NYSE:NEE)‘s planned acquisition of Hawaiian Electric Industries, Inc. (NYSE:HE) ran into a major road bump this weekend after the Public Utilities Commission of Hawaii rejected the proposed combination between the two, citing concerns that the deal would not benefit utility consumers in the state. Some analysts think the rejection could put the entire acquisition/merger in doubt.

According to our database, the number of funds with holdings in NextEra Energy Inc (NYSE:NEE) fell by three quarter-over-quarter to 35 as of the end of March. Meanwhile, esteemed quant fund Renaissance Technologies, founded by Jim Simons‘, owned around 871,000 shares of Hawaiian Electric Industries, Inc. (NYSE:HE) at the end of the first quarter.

Disclosure: None