September 12, 2016 / 11:42 AM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-Potash Corp, Perrigo, Praxair

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Sept 12 (Reuters) - U.S. stock index futures were lower for the third straight day on Monday as oil prices fell and on increasing speculation about a possible U.S. interest rate hike as early as next week.

Dow Jones industrial average futures were down 0.64 percent at 17,926, S&P 500 futures were down 0.61 percent at 2,109.75 and Nasdaq 100 futures were down 0.77 percent at 4,635.25.

** PERRIGO CO PLC, Friday close $88.71, +3.67 pct premarket

Starboard Value LP disclosed a 4.6 percent stake in the generic drugmaker, making the activist investor one of the Dublin-based drugmaker’s biggest shareholders.

** POTASH CORP OF SASKATCHEWAN INC, Friday close $16.97, +2.24 pct premarket

Canada’s Agrium Inc and Potash Corp said on Monday they would combine to create a fertilizer and farm retailing giant with proforma enterprise value of $36 billion.

** PRAXAIR INC, Friday close $117.41, -1.70 pct premarket

German industrial gases group Linde AG and U.S. rival Praxair Inc have ended talks to create a $60-billion-plus market leader, they said on Monday, after failing to agree where to locate key activities and who would run the business.

** HP INC, Friday close $14.07, -2.91 pct premarket

The computer and printer maker said it would buy Samsung Electronics Co Ltd’s printer business in a deal valued at $1.05 billion.

** TESLA MOTORS CO, Friday close $194.47, -0.86 pct premarket

The electric-car maker’s Chief Executive Elon Musk said on Sunday the automaker was updating its semi-autonomous driving system Autopilot with new limits on hands-off driving and other improvements that likely would have prevented a fatality in May. (Compiled by Arunima Banerjee in Bengaluru; Edited by Shounak Dasgupta)

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