March 25, 2015 / 11:34 AM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Kraft Foods, Kofax, Nationstar Mortgage

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index e-mini futures pointed lower on Wednesday: Dow Jones industrial average futures were down 0.13 percent at 17,926, S&P 500 futures were down 0.06 percent at 2,083.75 and Nasdaq 100 futures were up 0.05 percent at 4,431.25.

** KRAFT FOODS GROUP INC, Tuesday close $61.325, +25.56 pct premarket

The maker of Velveeta cheese and Oscar Mayer meats will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Berkshire Hathaway Inc, to form North America’s third-largest food and beverage company.

** KOFAX LTD, Tuesday close $7.5, +45.60 pct premarket

** LEXMARK INTERNATIONAL INC, Tuesday close $40.79, +7.87 pct premarket

Lexmark, known for its printers, said it would buy Kofax in an about $1 billion deal that would double the size of its enterprise software business.

** NATIONSTAR MORTGAGE HOLDINGS INC, Tuesday close $31.14, -7.68 pct premarket

The mortgage servicer said it is offering 17.5 mln shares, which represents about 19 percent of the company’s outstanding stock.

** ONCOLYTICS BIOTECH INC, Tuesday close $0.789, +12.80 pct premarket

The European Medicines Agency grants orphan drug designation to the company’s lead drug, Reolysin, to treat patients with ovarian cancer.

** VBL THERAPEUTICS, Tuesday close $5.5853, +29.81 pct premarket

The Israel-based company said a mid-stage study of its experimental brain cancer drug met the main goal of increasing overall survival.

** MERCK INC, Tuesday close $58.63, +1.71 pct premarket

The drugmaker said its board authorized an additional share repurchase of up to $10 billion of the company’s common stock. (Compiled By Manya Venkatesh in Bengaluru; Edited by Don Sebastian)

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