News Summary

Shares of Amdocs Ltd DOX rose about 0.5% after the company agreed to acquire Bridgewater Systems Corp for C$8.20 per share in cash, or about C$211 million ($214 million) in total. The Boards of Directors of both the companies have each unanimously approved the deal. The deal is likely to be completed within 90 days. Amdocs doesn't expect any material impact on its adjusted earnings in fiscal year 2011 or fiscal year 2012. Shares of ING Groep NV ING gained around 2.8% after Capital One Financial Corp COF agreed to purchase ING Direct from ING Groep for $9 billion in cash and stock. Capital One will pay $6.2 billion in cash and $2.8 billion in stock. As a part of the deal, ING will receive a 9.9% stake in Capital One. Mazda Motor Corp MZDAF projects to swing to profit this fiscal year. Mazda Motor expects a net profit of Y1 billion in the current fiscal year, versus a Y60.04 billion net loss, in the previous fiscal year. Analysts expected a profit of Y620 million. The company projects sales to drop 5.8% to Y2.190 trillion from Y2.326 trillion. It projects operating profit to fall 16% to Y20.00 billion from Y23.84 billion. Read more from Benzinga's Markets.