BUZZ-U.S. Stocks on the Move-InterMune, Burger King, Tim Hortons, Regado
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U.S. stock index futures were modestly higher on Monday, indicating the S&P 500 would open near record levels, amid corporate merger activity and as hopes grew for more monetary stimulus in European markets. Dow Jones industrial average futures were up 0.31 percent at 17,046, S&P 500 futures were up 0.34 percent at 1,994.5 and Nasdaq 100 futures were up 0.39 percent at 4,070.75.
** BURGER KING WORLDWIDE INC, Friday close $27.11, +16.01 pct premarket
** TIM HORTONS INC, Friday close $62.84, +16.88 pct premarket
Burger King is in talks to acquire Canadian coffee and doughnut chain Tim Hortons Inc in a deal that would create a fast food powerhouse with a market capitalization of roughly $18 billion.
** INTERMUNE INC, Friday close $53.8, +36.08 pct premarket
Roche Holding AG has agreed to buy U.S. biotech company InterMune for $8.3 billion in cash, helping the world's leading maker of cancer drugs expand into the treatment of rare or incurable diseases.