Last night Hutchison Whampoa Group announced a proposal to take Hutchison Telecom International (HTX) private at a 37% premium to the closing price.
After shares of Hutchison Telecom were temporarily suspended from trading this morning, the stock is now back in action and up over 23% on the news.
Heartland Payment Systems (HPY) and Visa (NYSE:V) arrived at a settlement agreement under which issuers of Visa-branded credit and debit cards will have an opportunity to obtain a recovery from Heartland with respect to losses they may have incurred from the 2008 criminal breach of Heartland's payment system environment. Heartland will pay up to $60 million to fund the settlement program.
After the announcement Heartland shares are rallying, up almost 12% so far today.
Shares of Methode Electronics (NYSE:MEI) were upgraded this morning by Robert W. Baird from Neutral to Outperform.
Shares of Methode are up over thirteen and quarter percent today.
Immunomedics (IMMU), announced that they received a patent for "Immunotherapy of autoimmune disorders using antibodies which target B-cells."
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.