2012 Stock Predictions and Outlook
|Your one-stop shop for 2012 stock recommendations and market predictions. |
Agius departs following the bank's $453 million settlement of an investigation into alleged interest rate manipulation. Technology distributor Ingram Micro ( IM) agreed to acquire wireless device distributor BrightPoint ( CELL) for $840 million, including debt. The offer of $9 a share is a 66% premium to BrightPoint's closing price Friday of $5.41. Ingram shares gained about 0.5% and BrightPoint's stock surged more than 66%. Germany's Linde agreed to buy Lincare Holdings ( LNCR) for about $3.8 billion. Under the deal, Linde will pay $41.50 a share for Lincare, a leader in the U.S. home respiratory market. Lincare shares popped more than 21%. Apple ( AAPL) agreed to pay $60 million to Shenzhen Proview Technology to settle a dispute in China over ownership of the iPad name, a court announced Monday, according to a report from The Associated Press. The deal removes a potential obstacle to sales of the iPad in China, a key market. Apple's stock rose 1.49%.
-- Written by Andrea Tse and Joe Deaux in New York. >To contact the writer of this article, click here: Andrea Tse.