Stocks Hitting 52-Week Highs

Mondelez International Inc MDLZ shares reached a new 52-week high of $47 as Bill Ackman disclosed a $5.5 billion stake in Mondelez. Merge Healthcare Inc. MRGE shares touched a new 52-week high of $7.06 after International Business Machines Corp. IBM announced its plans to buy Merge Healthcare in a $1 billion deal. Alaska Air Group, Inc. ALK shares rose 1.08 percent to reach a new 52-week high of $79.88 after the company announced a $1 billion share repurchase program. Coca-Cola Enterprises Inc CCE shares gained 2.43 percent to touch a new 52-week high of $53.10 following the announcement of merger with Coca-Cola Iberian Partners SA and Coca-Cola Erfrischungsgetränke AG.