DuPont( DD ) agreed to buy Danisco, the Danish food ingredients company, for $5.8 billion in cash and the assumption of $500 million of Danisco debt. Shares of DuPont fell 0.2% to $49.65.
Johnson & Johnson (JNJ) approached European medical device maker Smith & Nephew (SNN) with a takeover bid last month, according to reports. Shares of J&J were flat at $62.60 in premarket trading, while Smith & Nephew surged by 11.8% to $56.81.
Over the weekend, BP (BP) said it was shutting down 95% of its Alaskan oil production because of an oil leak at a pump station on the North Slope, according to reports. BP shares fell 2.3% to $45.03 in premarket trading.
IT provider iGate (IGTE) agreed to acquire a majority stake in Patni Computer Systems (PTI). There were no premarket trades for iGate. Shares of the company ended Friday's trading session at $19.16, down 1.5%. Patni rose by 3.2% to $21.40 in premarket trading Monday.
Alcoa (AA) is expected to release fourth-quarter earnings after the market closes Monday. It's the first Dow component scheduled to release its numbers. Alcoa rose 0.7% to $16.54.
Citing people familiar with the situation, the Wall Street Journal said Genzyme (GENZ) is once again talking to Sanofi Aventis (SNY) about a potential merger. Genzyme stock was up 3.5% to $73.85 in premarket trading Monday, while Sanofi Aventis fell 2.2% to $31.50.
There is speculation that Verizon Communications (VZ) plans to hold an event in New York this week to announce its plans to begin selling Apple's (AAPL) iPhone, news that will officially end AT&T's (T) exclusivity with the device. Verizon's stock was up 1.5% to $36.47, while shares of AT&T were flat at $28.85. Apple shares rose 0.7% to $338.49.
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