BUZZ-U.S. Stocks on the Move-Valley Financial, Baker Hughes, Exterran
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks dipped on Monday, following four consecutive weeks of gains on Wall Street, as energy shares fell alongside crude futures after Japan slipped into recession. The Dow Jones industrial average was up 0.04 percent at 17,642.45, the S&P 500 was down 0.07 percent at 2,038.37 and the Nasdaq Composite was down 0.47 percent at 4,666.333.
** HALLIBURTON CO, $50.28, -8.71 pct
** BAKER HUGHES INC, $66.39, +10.85 pct
** SCHLUMBERGER NV, $95.74, +0.44 pct
Halliburton, the world's second-largest oilfield services provider, will buy smaller rival Baker Hughes for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger as falling oil prices threaten to erode demand.
** ALLERGAN INC, $210.62, +6.03 pct
** ACTAVIS PLC, $248.18, +1.81 pct
Allergan agreed to be bought by Actavis for $66 billion, putting an end to a hostile bid by activist investor William Ackman and Valeant Pharmaceuticals International Inc. Continued...