Monday's Winners & Losers

Stock quotes in this article: FLO , CROX , NUE , CBI , MO , CBR  

Chicago Bridge & Iron (CBI Quote) edged higher after the company agreed to acquire the Lummus Global business from Switzerland's ABB (ABB Quote) in a deal worth roughly $950 million.

The acquisition should close in the fourth quarter. Lummus Global provides process technologies used in the oil and gas sector and the petrochemical industry, and it's involved in the engineering, procurement and construction arena. Shares of Netherlands-based Chicago Bridge & Iron were up 0.5% at $38.37.

Altria (MO Quote) was on the rise following a report that the company might announce later this week that it plans to spin off its Philip Morris International cigarette business. Such a move has long been thought a possibility.

New York-based Altria was gaining 2% to $70.62.

Ciber (CBR Quote), a Greenwood Village, Colo., consulting firm, slipped after saying Senior Vice President and Chief Financial Officer Dave Durham will be leaving the company to take a position with StarTek (SRT Quote).

Shares of Ciber were down 0.5% at $7.86. StarTek was adding 0.8%.

Steel company Nucor (NUE Quote) fell modestly following the announcement that it has acquired Magnatrax for roughly $280 million in cash. Magnatrax provides custom-engineered metal building systems for the North American nonresidential construction market.

Charlotte-based Nucor was down 1.7% at $54.19.

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