Monday's Winners & Losers: Novelis - TheStreet

Shares of

Novelis

(NVL)

were among the

NYSE's

winners Monday, jumping 14% after the aluminum producer agreed to be acquired by

Hindalco Industries

for $3.6 billion in cash.

Novelis shareholders will receive $44.93 a share, representing a 17% premium over Friday's closing price of $38.54. Hindalco, which is part of India's Aditya Birla Group, will also assume about $2.4 billion in debt, bringing the deal's total value to about $6 billion. The acquisition is expected to close by the second quarter. Shares of Novelis were trading up $5.38 to $43.92.

Hydril

( HYDL) climbed 14% after the maker of products for oil and gas drillers agreed to be acquired by

Tenaris

(TS) - Get Report

for $2.16 billion. Tenaris agreed to pay $97 a share in cash, a 17% premium over Hydril's Friday closing price of $83.04. Tenaris will finance the deal through cash on hand and debt. Shares of Hydril were trading up $11.86 to $94.90; shares of Tenaris were down 42 cents to $46.51.

Loews

( LTR) rose 2% after the conglomerate's fourth-quarter earnings topped Wall Street's forecast. The company earned $746.5 million, or $1.11 a share, on revenue of $4.88 billion. Analysts polled by Thomson First Call expected earnings of 98 cents a share. A year earlier, the company earned $127.6 million, or 8 cents a share, on revenue of $4.11 billion. Shares were trading up 91 cents to $43.75.

Shares of

Valspar

(VAL) - Get Report

declined 1.8% after the maker of paints and coatings reported lower-than-expected first-quarter earnings. For the quarter ended Jan. 26, Valspar earned $23.6 million, or 23 cents a share, up from $22.5 million, or 22 cents a share, a year earlier. Analysts, on average, projected earnings of 26 cents a share. Sales climbed to $694.5 million from $629.8 million, missing Wall Street's target of $696.8 million. Shares were trading down 50 cents to $27.66.

Chemtura

(CEM) - Get Report

shares fell 1.9% after the chemicals company posted disappointing fourth-quarter results. The company reported an adjusted loss of $3.3 million, or a penny a share, on revenue of $873.6 million. Wall Street expected a profit of 5 cents a share and revenue of $895.7 million. A year earlier, the company earned $8.6 million, or 4 cents a share, on revenue of $876.1 million. Shares were trading down 27 cents to $11.40.

NYSE volume leaders included Novelis;

Ford

(F) - Get Report

, down 11 cents to $8.62;

Home Depot

(HD) - Get Report

, up 48 cents to $41.48;

Chevron

(CVX) - Get Report

, down 55 cents to $72.77;

Bristol-Myers Squibb

(BMY) - Get Report

, down $1.37 to $27.15;

Motorola

( MOT), down 34 cents to $19.23;

General Motors

(GM) - Get Report

, down 10 cents to $36.11; and

General Electric

(GE) - Get Report

, up 26 cents to $35.79.

Nasdaq's

heavily traded stocks included

Onyx Pharmaceuticals

(ONXX)

, up $6.89 to $19.15;

Microsoft

(MSFT) - Get Report

, down 8 cents to $28.90;

Intel

(INTC) - Get Report

, down 19 cents to $20.84;

Cisco Systems

(CSCO) - Get Report

, down 12 cents to $27.59;

Level 3 Communications

(LVLT)

, down 6 cents to $6.12;

Sun Microsystems

(SUNW) - Get Report

, down 2 cents to $6.46; and

Apple

(AAPL) - Get Report

, up 77 cents to $84.04.