12:35 PM New York City, New York – The Archer Daniels agreed to acquire France-based Neovia for $1.75 billion. Acxiom plans to sell its marketing solutions business to Interpublic Group for $2.2 billion. Dell Technologies offered to acquire VMware.
Tollbooth Index slumped 104.78 or 0.7% to 14,974.96 but for the year-to-date advanced 8.8%.
The Archer Daniels Midland Company
) fell 32 cents to $45.51 after the food processor and commodities trader today agreed to acquire France-based animal nutrition business of Neovia for about $1.75 billion or €1.5 billion in cash.
The transaction is expected to close by the fourth-quarter of this year.
) surged 11.8% or $3.54 to $33.49 after Reuter said that marketing technology provider is close to selling its marketing solutions business to Interpublic Group of Companies Inc for about $2.2 billion.
A10 Networks Inc
) gained 1.6% or 10 cents to $6.33 ahead of its scheduled earnings result after the market close.
Herman Miller Inc
) fell 30 cents to $33.60 ahead of its scheduled earnings result after the market close today.
, the men’s accessories maker today said it has made a non-binding proposal to acquire Perry Ellis International Inc at a price of $28 per share in cash or about $444 million, representing 3% premium to its closing price on Friday.
However, earlier former executive chairman George Feldenkreis of Perry Ellis had offered a deal to take the company private at $27.50 per share.
Perry Ellis International Inc stock jumped 6.9% to $29.04.
) surged 7.4% or $10.93 to $157.90 after the parent Dell Technologies Inc said it plans to acquire the cloud computing and platform virtualization software and services and subsidiary of in a cash and stock deal.
The VMware board of directors offered one-time special pro-rata dividend of about $11 billion to its stockholders to close the transaction.
VMware reaffirmed fiscal 2019 second-quarter earnings per share forecast in the range of $5.43 per share to $5.73 and free cash flow of about $3.27 billion.