Why Schawk (SGK) Hit a One-Year High Today
Schawk (SGK) hit a one-year high of $20.34 on Monday after Matthews International (MATW) announced it would acquire the company for an implied price of $20 a share based on Matthews' closing price on Friday, March 14, 2014. Matthews announced that Schawk's stockholders would receive $11.80 a share and 0.20582 shares of Matthews' common stock for each share of Schawk they hold, which places the value of the deal at approximately $577 million. Shortly after the announcement, though, multiple law firms announced they had begun investigations into the deal to determine whether Schawk's board of directors failed to adequately shop the company and maximize value for its shareholders.
BP Among Leaders of Fair Value Increases by Morningstar
In the energy sector, 25% of the companies covered by Morningstar garnered fair-value increases of more than 10%.
Nvidia Stock: Investors Are Buying the Dip. Where From Here?
Nvidia stock is being bought on the dip. Here's how traders should approach it now.
Broadcom Agrees to Buy VMware in $61 Billion Cash-and-Stock Cloud Software Deal
"Combining our assets and talented team with Broadcom's existing enterprise software portfolio creates a remarkable enterprise software player," said VMware CEO Raghu Raghuram.