BUZZ-U.S. Stocks on the Move-MannKind, Chiquita Brands, Kinder Morgan, Dean Foods
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose on Monday, with major indexes extending Friday's sharp rally as it appeared less likely that the tense situation between Russia and Ukraine would escalate. The Dow Jones industrial average was up 0.36 percent at 16,612.93, the S&P 500 was up 0.51 percent at 1,941.44 and the Nasdaq Composite was up 0.75 percent at 4,403.677.
** MANNKIND CORP, $9.44, +16.11 pct
French drugmaker Sanofi is betting on inhaled insulin as an alternative option to daily injections for diabetics by signing a worldwide licensing agreement with MannKind Corp worth up to $925 million.
** CHIQUITA BRANDS INTERNATIONAL INC, $13.235, +31.56 pct
Juice maker Cutrale Group and Brazilian investment firm Safra Group said on Monday they have offered to acquire Chiquita Brands in a cash deal that valued the banana distributor's equity at $610.5 million.
** DEAN FOODS CO, $14.88, -5.88 pct
The largest U.S. milk processor posted a wider-than-expected adjusted loss in the second quarter and withdrew its full-year forecast, citing record high milk costs. "This is by far the most difficult operating environment in the history of the company...," Chief Executive Gregg Tanner said. "The balance of the year appears rocky, with a continued unpredictable and volatile dairy commodity environment." Continued...