(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. stocks opened higher on Monday as four M&A deals in the biotech sector lifted market sentiment after the worst weekly decline for the S&P 500 in two months. Dow Jones industrial average futures were up 1.46 percent at 17,884, S&P 500 futures were up 1.05 percent at 2,074 and Nasdaq 100 futures were up 0.98 percent at 4,368.
** CELLULAR DYNAMICS INTERNATIONAL INC, $16.45, +107.18 pct
Japan’s Fujifilm Holdings Corp said on Monday it has agreed to acquire U.S. biotechnology firm Cellular Dynamics International Inc (CDI) for $307 million.
** HORIZON PHARMA PLC, $24.94, +14.35 pct
** HYPERION THERAPEUTICS INC, $46.05, +7.74 pct
Ireland’s Horizon said it would buy the U.S. drugmaker for about $1.1 billion to add to its line-up of drugs that treat rare diseases. Horizon will pay $46 per share, a premium of 7.6 percent to Hyperion’s Friday closing price.
** UNITEDHEALTH GROUP, $122.1, +3.47 pct
** CATAMARAN CORP, $60.125, +24.43 pct
Health insurer UnitedHealth’s unit OptumRx Corp agreed to buy pharmacy benefit manager Catamaran in a deal worth about $12.8 billion.
** BIODELIVERY SCIENCES INTERNATIONAL INC, $10.42, -24.98 pct
The drugmaker said its pain drug failed to meet the main goal of a late-stage study.
** TEVA PHARMACEUTICAL INDUSTRIES LTD, $62.6, +1.00 pct
** AUSPEX PHARMACEUTICALS INC, $100.33, +41.49 pct
Israel’s Teva said it would buy the U.S. drug developer for $3.5 billion to boost its portfolio of treatments for the central nervous system.
** HARVEST NATURAL RESOURCES INC, $0.45, -1.29 pct
The oil and gas producer said it was facing a severe cash crunch and would consider restructuring if it failed to obtain sufficient funding.
** ALCATEL LUCENT SA, $3.79, +2.43 pct
China Telecom, which was granted a full license to operate a nationwide, high-speed 4G network this month, named Alcatel Lucent as one of its top three suppliers for the rollout of 4G in 40 cities.
** FORTUNE BRANDS HOME & SECURITY, $46.5, +4.99 pct
** NORCRAFT COS INC, $25.45, +11.14 pct
Fortune Brands will acquire bathroom and kitchen cabinet maker Norcraft for $441.4 million. Fortune, which makes MasterBrand cabinets and Moen faucets, will pay $25.50 per share, a premium of 11.4 percent to Norcraft’s Friday closing price.
** AMAZON.COM INC, $374.65, +1.10 pct
Amazon is launching a home services marketplace that will connect customers with electricians, plumbers and painters in a move to have its services tied to every product sold on its website. Amazon Home Services, which will launch on Monday, allows customers to buy 700 services, such as car maintenance, TV wall-mounting and house cleaning, at upfront prices.
** ZIMMER HOLDINGS INC, $118.9, +1.19 pct
The U.S. medical device maker gained European Union regulatory approval for its proposed $13.4 billion purchase of rival Biomet after agreeing to divest three businesses in Europe to allay competition concerns.
** ALIBABA GROUP HOLDING LTD, $84.83, +0.30 pct
Germany’s BMG music rights company said it had signed a music digital distribution deal with China’s Alibaba, as the world’s largest e-commerce firm firms up its bid to become a digital media empire.
** EXXON MOBIL CORP, $85.41, +2.19 pct
Exxon is considering scaling up plans for a multibillion-dollar expansion of its Beaumont, Texas, oil refinery to make it one of the largest in the world, according to sources familiar with the plans.
** ADAMIS PHARMACEUTICALS CORP, $3.9304, -27.08 pct
The United States Food and Drug Administration rejected Adamis’ injection for treating severe allergic reactions, the company said.
** E-HOUSE CHINA HOLDINGS LTD, $5.685, +6.06 pct
** LEJU HOLDINGS LTD, $8.61, +8.85 pct
** SOUFUN HOLDINGS LTD, $6.48, +8.72 pct
Shares of U.S.-listed Chinese real estate companies rose after China’s central bank eased lending policies for purchases of second homes. The People’s Bank of China said it would adjust the minimum down-payment for second home buyers and improve lending policies to promote “healthy development of the real estate market”.
** DOW CHEMICAL CO, $49.03, +2.66 pct
** OLIN CORP, $31.75, +2.42 pct
Dow will separate a portion of its century-old chlorine business and sell it to Olin in a tax-efficient deal worth $5 billion as part of efforts to shed low-margin assets.
** YAHOO INC, $45.2799, +0.40 pct
** MICROSOFT CORP, $41.41, +1.07 pct
Yahoo and Microsoft agreed to extend by 30 days the deadline to re-negotiate a 10-year search deal, as the two internet companies attempt to revamp a thorny partnership crafted by former chief executives.
** DUPONT, $73.03, +1.93 pct
Fidelity Investments, a major investor in DuPont, has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people close to the matter.
** FORD MOTOR CO, $16.14, +1.00 pct
The automaker plans to resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand’s image in the United States and China.
** BEST BUY CO INC, $39.09, +1.59 pct
The U.S. electronics retailer plans to close some stores and consolidate its operations in Canada, its second-largest market, in a move that will hurt earnings this year, the company said on Saturday.
** CHEVRON CORP, $106.29, +1.93 pct
The U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.
($1 = 1.2905 Australian dollars)
** MYLAN NV, $58.46, -5.14 pct
The generic drugmaker said shareholder Abbott Laboratories would sell about a third of its stake, or 35 million shares, through a secondary share offering. (Compiled by Ramkumar Iyer in Bengaluru; Editing by Simon Jennings)