March 21, 2016 / 1:38 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Valspar, Starwood, Valeant, IHS, Intel

(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 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.


** 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.


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)

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