Early movers: HUM, SRG, AAPL, POT, BABA, MCD, YUM & more
Check out which companies are making headlines before the bell:
Humana-The health insurer agreeing to be bought by rival Aetna for $37 billion in cash and stock. Humana shareholders will receive $125 in cash and 0.8375 Aetna shares for each share they now hold.
Seritage Growth Properties–The real estate investment trust created by retailer Sears Holdings will begin trading Monday on the New York Stock Exchange. Sears said the rights offering of Seritage shares expired last Thursday and that it was oversubscribed.
Dollar Tree–The discount retailer has received U.S. Federal Trade Commission approval to acquire rival Family Dollar Stores after a nearly year-long review. The combined company will need to divest more than 300 stores. Dollar Tree expects the deal to be completed today.
Potash–Potash said it is still interested in acquiring German fertilizer producer K+S, despite the rejection of its $8.7 billion takeover bid. Potash said it is confident of addressing K+S concerns about its offer.
Alibaba–The China-based online retailer's financial services arm Ant Financial has completed a private placement of shares, raising an undisclosed amount. Reports in China had said Ant was seeking to raise up to $4 billion.
Harley-Davidson–Harley shares could rise 30 percent, according to Barron's, thanks to reduced costs and the motorcycle maker's buyback plan.
Chipotle Mexican Grill–Chipotle shares could drop 15 percent to 20 percent, according to another Barron's article, due to flagging growth.
McDonald's, Yum Brands–The Wall Street Journal reports McDonald's and Yum's Kentucky Fried Chicken unit both seek to add digital pay options in China, as they seek to increase sales in the crucial China market.
Apple–Apple's next iPhone has started entering the production process, according to DigiTimes, which said suppliers have started to delivering parts to iPhone manufacturers Foxconn and Pegatron.
Weight Watchers–Weight Watchers has attracted at least one unnamed suitor, according to the New York Post, after the stock lost 86 percent of its value since mid-December.
Philip Morris International–The tobacco producer is planning to sell more than $1 billion worth of shares in its Indonesian operation, according to a Wall Street Journal report.
Belk–Reuters reports that the Charlotte, N.C.-based department store chain, the largest such family owned operation in the U.S., is the target of a more than $3 billion bid from private equity firm Sycamore Partners.
TripAdvisor–Barclays upgraded the travel website operator's shares to "equal weight" from "underweight," based on prospects for TripAdvisor's "Instant Booking" platform.
Guess–Piper Jaffray raised its rating on the apparel maker's stock to "neutral" from "underweight," based on improving trends in Europe and following recent meetings with management.
Allergan–Allergan will buy development stage company Oculeve for an upfront payment of $125 million in cash and future milestone payments. Oculeve specializes in treatments for dry eye disease.
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