Go Symbol Lookup
Loading...

Stocks to Watch: CVH, AET, BBY & More

 Text Size  
Published: Monday, 20 Aug 2012 | 7:56 AM ET
Peter Schacknow By: | Senior Producer, CNBC

Take a look at some of Monday's morning movers:

Coventry Health Care - Coventry has struck a deal to be acquired by Aetna for $5.7 billion in cash and stock. The price of $42.08 per share is a more than 20 percent premium to Coventry’s closing price on Friday.

Best Buy - Buyout talks between the electronics retailer and founder Richard Schulze have broken down, with Best Buy saying Schulze had rejected its due diligence offer. Schulze has offered to buy the company for between $24 and $26 per share. Separately, Best Buy has selected Hubert Joly as its new CEO to replace interim chief Mike Mikan. Joly is former head of privately held travel company Carlson.

Facebook - A court has rejected a proposed legal settlement over charges that Facebook violated its members’ rights through its "sponsored stories" advertising program.

AMR Corp. - American Airlines flight attendants have accepted the company’s contract offer, voting nearly 60 percent in favor. That means AMR will not go to court to attempt to void a prior pact with that group as it unsuccessfully tried to do with its pilots.

Google - The company's Motorola Mobility unit has filed a new claim with the International Trade Commission against Apple, saying Apple infringed seven of its patents. Those patents include those for the iPhone, iPad, and iPod Touch. (Read More: What Apple's Patent Case Could Mean for Smartphones.)

Netflix - CEO Reed Hastings tells the Sunday Telegraph that his company will attempt to outbid British Sky Broadcasting for the premium rights to movies from Hollywood’s six biggest studios. BSkyB current holds those rights. Netflix launched in the U.K. and Ireland in January and has more than one million customers there.

Groupon - The Wall Street Journal reports that early backers of the daily deals company are now selling their shares, including Silicon Valley veteran Marc Andreesen.

Diageo - The spirits maker is reportedly close to buying the Jose Cuervo tequila business from Mexico's Beckmann family for about $3 billion. That's according to London's Sunday Times.

—By CNBC’s Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

 Print
Take a look at some of Monday's morning movers:

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            
            
        

Featured

  • Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • Greenberg is senior stocks commentator for CNBC appearing throughout business day programming and on CNBC.com.

  • A CNBC reporter since 1990, Pisani reports on Wall Street and the stock market from the floor of the New York Stock Exchange. Follow him on Twitter @BobPisani.

  • Epperson covers the global energy, metals and commodities markets from the NY Mercantile Exchange for CNBC and CNBC.com.

  • Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • CNBC Markets Producer

  • Senior Producer at CNBC's Breaking News Desk.