NEW YORK (TheStreet) -- Primary care physician services provider Continucare (CNU) will be bought by Metropolitan Health Networks (MDF) in a deal worth $416 million. Continucare shares were surging by 28.9% to $6.15 in premarket trading Monday.
LDK Solar (LDK) said Monday it planned to buy back up to $110 million of its American depositary shares. LDK shares were popping by 7.2% to $7.30.
Exco Resources' (XCO) CEO Douglas Miller is thinking of purchasing part of the independent oil and natural gas company after he encountered problems raising financing to take the company private, said The Wall Street Journal, citing people familiar with the situation. Shares were down 2% to $18.40.
Mobile phone company Nokia (NOK) said there are multiple options available for its joint venture with Siemens (SI), Nokia Siemens Networks, even amid chatter that the companies are having problems selling the business. Nokia shares were up 1.2% to $5.95.
Tools and appliance company Stanley Black & Decker (SWK) offered to acquire Niscayah, a Swedish security and monitoring company, for $1.2 billion, including debt. Stanley Black & Decker shares were rising 1.1% to $70.01.
Bristol-Myers Squibb (BMY) and AstraZeneca (AZN) said that adults with Type 2 diabetes who were treated with a compound called dapagliflozin had more success at sustaining lower blood sugar levels than those who took a common treatment called glipizide during a two-year study. Shares were up 1.1% to $29.25.
Financial software company Fundtech (FNDT) agreed to be acquired by payments and financial services software company S1 Corp. (SONE) in a deal worth $700 million. Shares were down 0.6% to $19.46.
Financial services firm Goldman Sachs (GS) is expanding its Brazilian work force by about 20% this year in this rapidly growing economy, Bloomberg reported. Shares were up 0.1% to $131.04.
Sports apparel company Nike (NKE) is expected to report fourth-quarter profit of $1.16 a share after the markets close on Monday.
Wood products company Universal Forest Products ( UFPI ) said it will implement cost-cutting measures that will result in annualized savings of $10 million in response to significantly weaker-than-expected sales in the first five months of the year. -- Written by Andrea Tse in New York.
>To contact the writer of this article, click here: Andrea Tse.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV