(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 e-mini futures were up on Monday: Dow Jones industrial average futures were up 0.62 percent at 17,363, S&P 500 futures were up 0.70 percent at 2,011.25 and Nasdaq 100 futures were up 0.76 percent at 4,221.5.
** PETSMART INC, Friday close $77.67, +5.45 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.
** CIRRUS LOGIC INC, Friday close $18.84, +4.46 pct premarket
Barclays raised its price target on the audio chipmaker’s stock to “overweight” from “underweight” and hiked its price target to $28.
** KINROSS GOLD CORP, Friday close $2.96, -5.41 pct premarket
The gold miner’s Toronto-listed stock will be removed from the S&P/TSX composite index, effective after the market closes on Dec 19.
** AMERICAN AIRLINES GROUP INC, Friday close $49.97, +1.64 pct premarket
** ELECTRONIC ARTS INC, Friday close $44.895
** LAM RESEARCH CORP, Friday close $78.375
** EXPEDIA INC, Friday close $87.53
** F5 NETWORKS INC, Friday close $130.545
** MAXIM INTEGRATED PRODUCTS INC, Friday close $30.625
Nasdaq OMX Group announced the results of its annual re-ranking of the Nasdaq 100 index, which comprises the 100 largest non-financial companies listed on the exchange.
American Airlines, Electronic Arts and Lam Research will be added to the index, while Expedia, F5 Networks and Maxim Integrated will be removed effective Dec. 22.
Deutsche Bank raised its price target on American Airlines stock to $67 from $54.
** IRON MOUNTAIN INC, Friday close $36.44
Australian-listed data storage company Recall Holdings said it rejected a A$2.2 billion ($1.82 billion) takeover offer from larger U.S.-based rival Iron Mountain.
** BOB EVANS FARMS INC, Friday close $50.51
The restaurant and packaged food company said Chief Executive Steve Davis has resigned by mutual agreement effective immediately as its board steps up efforts to revamp the company following a proxy fight.
** BGC PARTNERS, Friday close $8.51
The U.S. interdealer broker said it has struck a deal to buy the UK assets of rival RP Martin.
** JUNIPER NETWORKS INC, Friday close $21.1
The network equipment maker is in talks with hedge fund Elliott Management Corp about adding a number of new directors to its board, The Wall Street Journal reported, citing people familiar with the matter. (Compiled by Anannya Pramanick in Bangalore; Editing by Savio D’Souza)