Early Movers: AAPL, ELAN, AZN, BAH & More
Check out which companies are making headlines before the bell on Monday:
Apple — Apple holds its annual Worldwide Developers Conference today, and is expected to unveil new operating systems, as well as a radio service widely referred to as iRadio.
Elan — Elan rejected an increased takeover bid from Royalty Pharma, saying still undervalues the company. Elan is now evaluating inquiries from other interested parties.
AstraZeneca — The company will buy privately held U.S. drugmaker Pearl Therapeutics for up to $1.15 billion. It will pay $560 million up front, with additional amounts to be paid depending on the achievement of certain developmental and sales milestones.
Intel —The chip maker is reportedly making progress in its talks to buy content from media companies for a new TV service, according to Reuters. However, the report also notes Intel has not yet closed any programming deals.
Google — Google is close to a deal to buy mapping app company Waze for $1.3 billion, according to financial newspaper Globes.
Sprint Nextel—The Ontario Teachers Pension Plan, Sprint's 15th biggest shareholder, will vote to approve SoftBank's $20.1 billion bid for 70 percent of Sprint. Dish Network also has a bid on the table, worth $25 billion for all of Sprint.
Smithfield Foods — A takeover of Smithfield by China's Shuanghui for $4.7 billion may be complicated by state laws in the Midwest, according to Reuters. Several of those states have laws that ban foreign ownership of farmland.
Booz Allen Hamilton —The self-confessed leaker in the NSA data mining story, Edward Snowden, is currently an employee of the defense contractor.
Nokia — Nokia has begun the sale of its Lumia 925 smartphone in Germany, and plans to next roll it out in other European markets and China. Introduction to the U.S. and other markets will come after Europe and China.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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