BUZZ-U.S. STOCKS ON THE MOVE-Transition Therapeutics, Higher One, Kingtone
(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) Wall Street drifted higher in late morning trading on Thursday as consumer staples stocks rose after reports that Oreo cookies maker Mondelez had made a bid to buy Hershey Co. The Dow Jones Industrial Average was up 0.70 percent at 17,818.5, the S&P 500 was up 0.69 percent at 2,085.04 and the Nasdaq Composite was up 0.74 percent at 4,814.427.
** HERSHEY CO, $112.99, +16.32 pct
** MONDELEZ INTERNATIONAL INC, $43.595, +1.45 pct
Mondelez, the maker of Oreo cookies and Cadbury chocolates, has made a takeover bid for Hershey, the Wall Street Journal reported.
** LIONS GATE ENTERTAINMENT CORP, $21.74, +3.82 pct
** STARZ, $31.475, +11.42 pct
Lions Gate, the film studio behind the Hunger Games movie franchise, said it would buy premium television network Starz for $4.4 billion in cash and stock, in a deal that would unite two media companies with ties to cable mogul John Malone.
** CARE.COM, $11.74, +38.61 pct Continued...