Today's Big Gainers: VARI, ONB, WBS, ABD Monday, July 27, 2:29 PM ET
Scientific equipment supplier Agilent Technologies (NYSE:A) announced today it has signed a definitive agreement to acquire Varian, a worldwide supplier of scientific instrumentation and associated consumables for life science and applied market applications.
Agilent will pay $52 cash per share of common stock for Varian in a transaction that represents a premium of approximately 35% to Varianís closing price on July 24. Both Agilentís and Varianís Board of Directors have unanimously approved the all-cash offer.
The news of the acquisition is driving shares of Varian higher by almost 29% to $50.56.
Old National Bancorp (NASDAQ:ONB) announced second-quarter net income of $9.6 million, or 15 cents per common share, up almost 90% from first quarter net income. These results easily beat analyst estimates and are driving shares higher in mid-day trading, up over 18% to $11.60.
Webster Financial Corporation (NYSE:WBS) today announced that Warburg Pincus, the global private equity firm, has agreed to invest $115 million in Webster through a direct purchase of newly issued common stock at $10 per share, junior non-voting preferred stock, and warrants. The common stock was issued at a four percent premium to Friday's closing price and this sent the stock soaring Monday morning.
Webster Financial is trading at $11, up 14.23%.
And, ACCO Brands Corporation (ABD), which makes branded office products, reported its second quarter and six month results for the period ended June 30, 2009. While the company reported a loss from continuing operations of $120.4 million, or $2.21 per diluted share, for the six months ending June 30, 2009, results beat analyst expectations, driving shares higher.
ACCO shares are at $4.83, soaring higher by over thirty percent.
STAG Industrial Enters Oversold Territory Thursday, March 5, 4:03 PM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
SSRI Stock Crowded With Sellers Thursday, March 5, 4:03 PM ET, by Market News Video Staff In trading on Thursday, shares of Silver Standard Resources, Inc. (SSRI) entered into oversold territory, ...
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.