( MLS) were among the
winners Monday, jumping 13% after the mall developer received a bid to be taken over by
Simon Property Group
and Farallon Capital Management for more than $1.5 billion, or $24 a share in cash.
The price tops the $21-a-share bid that
Brookfield Asset Management
offered for Mills on Jan. 17. "This is a unique opportunity to acquire a portfolio of quality retail assets," Simon Property Group said. "SPG's experience operating upscale regional mall and outlet centers; previous ownership interest in certain Mills properties; and successful track record with acquisitions, integration, and property management, uniquely position us to maximize the value of these assets and make this a beneficial transaction for SPG and Mills shareholders and Farallon investors." The latest bid represents an 8% premium over Mills' closing price of $22.15 on Friday. Shares of Mills were recently trading up $2.93 to $25.08.
Investors Financial Services
( IFIN) soared 30% after the financial services company agreed to be acquired by
for about $4.5 billion in stock. The deal, which values Investors Financial around $65 a share, represents a 39% premium over Friday's closing price of $46.95. The deal is expected to be dilutive to State Street's 2007 and 2008 operating earnings and accretive in 2009. The companies expect the transaction to close during the third quarter. Shares of Investors Financial Services were trading up $14.10 to $61.05 while shares of State Street were trading down $3.30 to $68.45.
rose 5% after the maker of aircraft-cabin components posted better-than-expected fourth-quarter results and issued a bullish 2007 forecast. The company earned $21.7 million, or 28 cents a share, on revenue of $321.6 million. Analysts polled by Thomson First Call expected earnings of 26 cents a share on revenue of $299.1 million. During the year-earlier period, the company earned $62.1 million, or 96 cents a share, on revenue of $222.9 million.
Looking ahead, B/E Aerospace sees 2007 earnings of $1.40 to $1.42 a share on revenue of $1.4 billion. Analysts project earnings of $1.40 a share on revenue of $1.37 billion. Shares were trading up $1.41 to $31.09.
jumped 21% after the seller of weight-management and personal care products received a buyout offer of $38 a share in cash from Whitney V LP, which, with its related parties, already owns some 27% of the company. Herbalife has established a special committee to review the proposal. The bid price represents a 15% premium over Friday's closing price of $33.10. Shares of Herbalife were recently trading up $7 to $40.10.
Royal Caribbean Cruises
fell 4% after the cruise ship operator posted mixed fourth-quarter results. The company earned $46.6 million, or 22 cents a share, on revenue of $1.15 billion. Analysts expected earnings of 20 cents a share on revenue of $1.16 billion. During the year-earlier period, the company posted a loss of $3.6 million, or 2 cents a share, on revenue of $1.03 billion.
Looking ahead, Royal Caribbean sees first-quarter earnings of 3 cents to 8 cents a share and full-year earnings of $3.05 to $3.20 a share. Analysts, meanwhile, project first-quarter earnings of 32 cents a share and full-year earnings of $3.15 a share. Shares were trading down $2.04 to $43.80.
NYSE volume leaders included
, up $6.35 to $49.62;
, up 13 cents to $8.36;
, down 4 cents to $36.26;
, up 13 cents to $56.36;
, down 11 cents to $54.55;
, down 36 cents to $34.81;
, down 20 cents to $26.36.
volume leaders included
, down 34 cents to $29.85;
, up 25 cents to $21.37;
, up 31 cents to $27.45;
, down $3.08 to $1.53;
, up 8 cents to $18.20;
, up 10 cents to $6.73; and
, up 41 cents to $23.93.