BUZZ-U.S. Stocks on the Move-Regal Beloit, Honeywell, Petrobras, Petsmart
(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. stock index futures rose on Monday, following the worst week for the S&P 500 in more than two years, with investors focused on a rebound in crude oil prices which earlier hit a fresh 5-1/2-year low.
Dow Jones industrial average futures were up 0.66 percent at 17,370, S&P 500 futures were up 0.75 percent at 2,012.25 and Nasdaq 100 futures were up 0.86 percent at 4,225.5.
** EMERSON ELECTRIC CO, Friday close $58.43, +2.46 pct premarket
** REGAL BELOIT CORP, Friday close $68.38, +9.68 pct premarket
Emerson said it would sell its power transmission business to Regal Beloit, a maker of electric motors, for $1.44 billion. The unit makes parts under brands such as Browning, Kop-Flex and Rollway and had revenue of more than $600 million in 2014.
** PETSMART INC, Friday close $77.67, +4.54 pct premarket
The pet supply retailer succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. The offer price is $83.00 per share in cash.