(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 indexes were little changed on Monday. The Dow Jones industrial average was down 0.08 percent at 17,587.44, the S&P 500 was down 0.09 percent at 2,047.78 and the Nasdaq Composite was down 0.01 percent at 4,794.974.
** STARWOOD HOTELS AND RESORTS WORLDWIDE INC, $83.83, +4.05 pct
** MARRIOTT INTERNATIONAL INC, $72.25, -1.24 pct
Marriott said it made a higher offer for Starwood that was accepted by the owner of the Sheraton and Westin hotel brands.
** VALSPAR CORP, $104.32, +24.44 pct
** SHERWIN-WILLIAMS CO, $287.03, -0.58 pct
Valspar’s shares are set to open at a record high after rival Sherwin-Williams said on Sunday it would acquire the paint maker in an all-cash deal valued at about $9.3 bln, or $113 per share.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $28.37, +5.15 pct
The embattled Canadian drugmaker said Chief Executive Michael Pearson would step down and that the company had appointed activist investor William Ackman to its board.
** IHS INC, $117.8, +6.40 pct
** MARKIT LTD, $31.85, +8.00 pct
U.S. business research provider IHS said it would buy Markit in an all-stock deal valuing the London-based financial data company at about $5.9 billion.
** INTEL CORP, $32.161, -1.59 pct
Sanford C. Bernstein cuts the world’s largest chipmaker’s rating to “underperform” from “market perform” and price target to $26 from $29; Deutsche Bank trims to $37 from $38.
** NEW YORK MORTGAGE TRUST INC, $4.98, +6.64 pct
The mortgage REIT declared a regular quarterly dividend of 24 cents per share in cash for the quarter ending March 31 (Compiled by Yashaswini Swamynathan in Bengaluru; Edited by Don Sebastian)