WASHINGTON (MarketWatch) — Among the companies whose shares are expected to see active trade in Monday’s session are Stanley Black & Decker Inc., Fundtech Ltd., AstraZeneca PLC and Bristol-Myers Squibb Co. /zigman2/quotes/200304487/composite AZN +2.14%
Stanley Black & Decker /zigman2/quotes/206369278/composite SWK -2.61% appears the winner in a contest to acquire Sweden’s Niscayah Group , an information-technology solutions company. The New Britain, Conn.-based company offered to buy all outstanding common stock and warrants for about $1.2 billion in cash and assumed debt. In May, Securitas AB /zigman2/quotes/203151739/delayed SE:SECU.B +0.56% made an all-stock offer for Niscayah, but according to Stanley Black & Decker, an independent committee of Niscayah’s board has recommended that shareholders accept its counterbid. /zigman2/quotes/206369278/composite SWK -2.61%
Superyachts and Australia's wealthy
A number of Australia's wealthy citizens are buying superyachts — vessels more than 24 meters long. Resembling floating luxury hotels, these vessels are getting cheaper as the Australian dollar soars.
S1 Corp. agreed to acquire Fundtech in a stock-swap deal valued at $20.51 a share, a 4% premium over the June 24 closing price of Fundtech’s shares. If completed, the transaction will pair two complementary providers of banking-transaction solutions. The companies valued the entire deal at $700 million. Read more about S1’s deal to acquire Fundtech.
AstraZeneca /zigman2/quotes/200304487/composite AZN +2.14% /zigman2/quotes/203048482/delayed UK:AZN +1.75% and Bristol-Myers Squibb /zigman2/quotes/202559280/composite BMY +1.46% reported Sunday higher incidences of bladder and breast cancer in a Phase III update on the status of dapagliflozin, their diabetes drug. Patients with type 2 diabetes receiving the drug alongside metformin also saw greater mean reductions in baseline blood-sugar levels, the companies said.
China-based LDK Solar Co. said it would buy back as much as $110 million of its American depositary shares, which closed New York Stock Exchange trading at a price $6.81 on June 24. The company, which called the ADSs “grossly undervalued,” said it would make purchases on the open market or in private transactions.
After the close Monday, Nike Inc. /zigman2/quotes/203439053/composite NKE -0.36% is expected to report fourth-quarter earnings of $1.16 a share, according to analysts surveyed by FactSet Research.