MARKET PULSE-Triquint, Jos A Bank, BlackBerry, eBay, Trex, Pfizer

Mon Feb 24, 2014 10:06am EST
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks opened slightly higher on Monday, led by energy and healthcare shares, with the S&P 500 nearing resistance at its record high set last month. The Dow Jones industrial average was up 0.75 percent at 16,224.39, the S&P 500 was up 0.75 percent at 1,849.99 and the Nasdaq Composite was up 0.77 percent at 4296.08.

** TRIQUINT SEMICONDUCTOR INC, $10.99, +19.07 pct

** RF MICRO DEVICES INC, $6.68, +14.97 pct

Radio frequency chipmaker RF Micro Devices will buy peer TriQuint Semiconductor for about $1.6 billion in an all-stock deal to create a company that could better compete in selling chips to mobile-handset makers.

** MEN'S WEARHOUSE INC, $48.37, +7.23 pct

** JOS. A. BANK CLOTHIERS INC, $59.5, +8.08 pct

Men's Wearhouse raised its offer for Jos. A. Bank Clothiers by over 10 percent, nearly two weeks after its smaller rival looked to fend off the unsolicited bid by agreeing to acquire Eddie Bauer.   Continued...