Why These Stocks Are Trading Higher on Monday?

ADT Corp (NYSE:ADT) recently announced the end of its “Go Shop period” without any bidders. The security equipment and automation company is proceeding with the acquisition by Apollo Global Management related funds. Henceforth, ADT Corp (NYSE:ADT) is expected to go private if shareholders approve its acquisition next month. The stock was trading at $41.27 per share this morning. During the fourth quarter, the number of hedge funds having long positions in ADT increased to 24 from 22, while the total value of their holdings increased to $232.12 million from $210.5 million. Wallace Weitz’s Wallace R. Weitz & Co. reported ownership of approximately 1.2 million shares of the company as of the end of 2015.

Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) is up this morning amid a bidding competition for its acquisition between Chinese consortium and Marriott International. The Chinese Anbang consortium’s offer stands at $82.75 per share all-cash, which dwarfs the bid by Marriot, which is valued at $79.53 per share. As of the end of December, 52 funds from our database hold shares of Starwood Hotels & Resorts, with a total value of $3.2 billion, which represented around 28% of the company’s outstanding stock. Among these funds, John Paulson of Paulson & Co reported ownership of approximately 1.1 million shares of the company.

Sunedison Inc (NYSE:SUNE)’s stock has gained 14%, as a quick comeback after it closed on Thursday at a 15-year low. The company has announced a temporary suspension of stock contributions to the retirement saving plans, which will continue until the company is done with the financial filings with the Securities and Exchange Commission. So far, Sunedison Inc (NYSE:SUNE)’s shares have plummeted by 73% year-to-date. At the end of 2015, 50 funds that we track held shares of Sunedison, significantly down from 73 funds a quarter earlier. The total value of their positions also declined to $512.3 million from from approximately $1.0 billion. In this way, the funds from our database own around 31.80% of Sunedison Inc (NYSE:SUNE)’s outstanding stock as of the end of 2015. Among them, David Einhorn’s Greenlight Capital owns approximately 18 million shares of the company.

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