BUZZ-U.S. STOCKS ON THE MOVE-Valspar, Starwood, Valeant, IHS
(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 indexes were little changed on Monday. The Dow Jones industrial average was down 0.15 percent at 17,576.1, the S&P 500 was down 0.21 percent at 2,045.25 and the Nasdaq Composite was down 0.12 percent at 4,789.91.
** VALSPAR CORP, $104.46, +24.61 pct
** SHERWIN-WILLIAMS CO, $275.61, -4.53 pct
Valspar's shares are set to open at a record high after rival Sherwin-Williams said on Sunday it would acquire the paint maker in an all-cash deal valued at about $9.3 bln, or $113 per share.
** STARWOOD HOTELS AND RESORTS WORLDWIDE INC, $83.88, +4.11 pct
** MARRIOTT INTERNATIONAL INC, $72.295, -1.18 pct
Marriott said it made a higher offer for Starwood that was accepted by the owner of the Sheraton and Westin hotel brands. Continued...