Veoneer surges following announcement that Magna will acquire the company Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Veoneer (VNE) up 54% after Magna (MGA) and the company announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer for $31.25 per share in cash
UP AFTER EARNINGS -
- American Express (AXP) up 3%
- Regions Financial (RF) up 1%
- Snap (SNAP) up 17%
- Twitter (TWTR) up 5%
DOWN AFTER EARNINGS -
- Kimberly-Clark (KMB) down 4%
- Boston Beer (SAM) down 20%
- Intel (INTC) down 2%
LOWER -
- New Oriental Education (EDU) and TAL Education (TAL) down 65% and 59%, respectively, after Bloomberg reported China is mulling rules that would require companies that offer tutoring on the school curriculum to go non-profit and no longer be allowed to raise capital or go public
- Magna (MGA) down 4% after deal to acquire Veoneer for $31.25 per share in cash
Symbols:
INTC VNE MGA AXP SNAP TWTR RF TAL EDU KMB SAM Keywords: Fly Intel, Wall Street, Top Stories, Stocks