HealthSpring shares were surging 33.2% to $53.50 in premarket trading Monday.
NEW YORK ( TheStreet) -- Health care management company Cigna ( CI) said it will buy Nashville-based HealthSpring ( HS) for $3.8 billion, or $55 a share in cash, a 37% premium over the closing stock price on Oct. 21.
Construction and mining equipment manufacturer Caterpillar ( CAT) reported third-quarter adjusted earnings of $1.93 a share, beating the average analyst estimate of $1.54. Caterpillar raised its sales outlook for 2011, saying it now expects sales of about $58 billion. The previous outlook was a range of $56 billion to $58 billion. Caterpillar also lifted its 2011 forecast for earnings: It expects profit of about $6.75 a share; its previous outlook was $6.25 to $6.75 a share. Shares were gaining 4.5% to $91.28.
Google ( GOOG) is considering participating in a bid for troubled Internet search pioneer Yahoo! ( YHOO), according to a published media report. Yahoo! shares were adding 3.2% to $16.64 and Google shares were flat at $590.
Mattel ( MAT) said Monday it would buy HIT Entertainment , which owns preschool brands such as Thomas & Friends, Barney and Bob the Builder, for $680 million in cash. Shares were rising 2.9% to $28.50.
Online movie rental company Netflix ( NFLX) is expected by analysts to post third-quarter profit of 94 cents a share after the markets close Monday, up from 70 cents last year. Shares were rising 2.3% to $119.74.
Manufacturer Eaton ( ETN) said third-quarter earnings rose 36% and it reaffirmed the midpoint of its full-year earnings outlook. Excluding a charge related to acquisitions, earnings in the quarter were $1.08 a share, matching the estimates of analysts polled by Thomson Reuters. Shares were falling 1.8% to $41.50.
Software giant Oracle ( ORCL) said it's buying cloud-based customer service provider RightNow ( RNOW) for $43 a share, or about $1.5 billion. Oracle shares were up 0.3% to $32.23.
Semiconductor company Texas Instruments ( TXN) is expected by analysts to report third-quarter profit of 57 cents a share Monday, down from 71 cents last year. Shares were up 0.1% to $30.50.
Consumer products company Kimberly-Clark ( KMB) reported third-quarter profit of $1.26, in line with estimates. Shares were flat at $73. -- Written by Andrea Tse in New York. >To contact the writer of this article, click here: Andrea Tse.