Gapping up
In reaction to strong earnings/guidance:
- N/A.
M&A news:
- BEL +39.9% (be acquired by LVMH (LVMUY) for $25.00/share in cash)
Other news:
- WPM +10% (reaches settlement with Canada Revenue Agency regarding tax dispute regarding foreign income)
- XPO +7.8% (responds to yesterday's 'misleading' report from a short-selling firm; long-term financial outlook remains positive; Board authorizes the Company to repurchase up to $1 bln of its common stock)
- ESRX +1.6% (continued strength after California approved CI / ESRX merger; also the cos disclosed that NY determined that a previously noticed hearing in that State was not required and issued its approval of the transaction)
- SGMS +1.5% (reaches settlement in litigation with Shuffle Tech International)
- WM +0.7% (to increase quarterly dividend rate for 2019 to $0.5125 per share from $0.465 per share; authorizes new repurchase plan of $1.5 billion)
Analyst comments:
- REGN +0.8% (upgraded to Buy and added to Conviction Buy list at Goldman)
