Company News for November 15, 2010 - Corporate Summary

• Caterpillar (NYSE:CAT) announced plans to buy Bucyrus (NASDAQ:BUCY) for $8.6 billion, or $92 per share

• EMC (NYSE:EMC) said it plans to buy Isilon (NASDAQ:ISLN) for $33.85 per share, or $2.25 billion

• ArcelorMittal (NYSE:MT) said it is interested in buying Massey Energy (NYSE:MEE)

• BHP Billiton (NYSE:BHP) withdrew its offer to acquire Potash (NYSE:POT) and moved to reactivate their $4.2 billion share repurchase program

• Lowe’s (NYSE:LOW) reported third quarter of $0.31, compared with Zacks estimates of $0.30, on revenues of $11.6 billion, that missed Zacks projections of $11.80 billion

• Deutsche Bank (NYSE:DB) downgraded Monsanto (NYSE:MON) from “buy” to “hold,” with a $65 price target

• Goldman Sachs (NYSE:GS) initiated coverage of International Flavors and Fragrances (NYSE:IFF) with a “neutral” rating and a price target of $57

• Needham reiterated its “buy” rating on Yahoo (NASDAQ:YHOO), with a $20 price target

• Baird upgraded Union Pacific (NYSE:UNP) to “outperform,” with a price target of $120

Company News for November 15, 2010 – Corporate Summary

SIGN UP TO NEWSLETTER

Free E-Book

Recent Posts