- SCANA Corporation SCG stock soared nearly 25 percent after the company agreed to merge its business with Dominion Energy Inc D. As part of the agreement, Scana shareholders will receive 0.669 Dominion Energy shares for each one share of Scana which values the deal at $55.35 per share. Dominion Energy fell by more than 4 percent.
- Moneygram International Inc MGI tumbled more than 8 percent after its deal with Ant Financial was terminated due to a rejection from CFIUS.
- Advanced Micro Devices, Inc. AMD stock spiked higher by more than 7 percent after a report from The Register suggested there is a "fundamental design flaw" in Intel Corporation INTC's processor chips" which prompted a "significant redesign of the Linux and Windows kernels to defang the chip-level security bug."
- Target Corporation TGT stock continued its move higher after Gene Munster of Loup Ventures suggested Tuesday that Amazon.com, Inc. AMZN would acquire the department store, likely in 2018.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in