At the open, the Dow was down 3.29, the Nasdaq was up 2.41 and the S&P 500 was down 1.07.
Tesla's Monday Morning Purchase
Tesla will pay $4.75 for each Maxwell share, the company said, a 54.7% premium to its closing price Friday of $3.07, and bring the company into the corporate fold as a wholly owned subsidiary, reported TheStreet's Martin Baccardax.
But Papa John's isn't the only company that Starboard is interested in.
"We are very excited with today's announcement that Tesla has agreed to acquire Maxwell. Tesla is a well-respected and world-class innovator that shares a common goal of building a more sustainable future," said Maxwell CEO Franz Fink. "We believe this transaction is in the best interests of Maxwell stockholders and offers investors the opportunity to participate in Tesla's mission of accelerating the advent of sustainable transport and energy."
Starboard's Been Busy
Starboard Value LP will make a $200 million investment in the troubled pizza chain and the investment firm's CEO will become chairman, the companies confirmed early on Monday, reported TheStreet contributor M. Corey Goldman.
Starboard, known in the restaurant industry for its 2014 board coup at Olive Garden parent company Darden Restaurants Inc., secured the board chairmanship for its chief executive, Jeffrey Smith, who founded the firm in 2002, Papa John's said in a statement.
TheStreet's Tony Owusu reported that a phone message to Starboard and phone call and email to Bristol-Myers Squibb to verify and seek comment on the report weren't returned to TheStreet over the weekend. Bloomberg also reported no official comment from either company.
The Final FAANG
1. Revenue Growth for Google's Own Sites and Apps
2. The 'Google Other' Segment's Growth
3. Traffic Acquisition Cost (TAC) Trends
4. Forex Pressures
5. Capital Spending
The company is Real Money'sstock of the day.
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