Market Updates
U.S. Movers: DeMet's Candy, GM, Molycorp, SunGame, Textron, W.P. Carey
Mukesh Buch
27 Dec, 2013
New York City
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DeMet''s Candy agreed for acquired by Yildiz Holdings for $221 million. GM
[R]11:15 AM New York – DeMet''s Candy agreed for acquired by Yildiz Holdings for $221 million. GM’s partner Saic will recall approx 1.46 million vehicles in China. Molycorp soared after its multi-stage cracking plant is become operational. Textron buy Beechcraft for $1.4 billion in cash.[/R]
DeMet''s Candy Co, the leveraged buyout firm Brynwood Partners divested its stake in chocolate maker to Turkey-based Yildiz Holdings for $221 million.
General Motors Company ((GM)) fell 31 cents to $41.21 after the automobile company said its China-based partner SAIC Motor Corp. will recall 1.46 million Buick and Chevrolet cars to fix defective fuel-pump brackets.
Molycorp Inc ((MCP)) soared 8.1% or 39 cents to $5.20 after the rare earth metals producer said that the final-unit of multi-stage cracking plant of Mountain Pass is commissioned and is operational.
SunGame Corporation ((SGMZ)) surged 17.6% or $4.50 to $30 after the three-dimensional, virtual game maker said it is scheduled to ship its next batch of Flightdeck Commander 3D Android tablets before the year-end.
Textron Inc ((TXT)) gained 1.4% or 50 cents to $36.70 after the helicopter maker and defense contractor plans to buy Beechcraft Corporation, the aircraft maker for about $1.4 billion in cash.
W.P. Carey Inc. REIT ((WPC)) slid 18 cents to $61.99 after the real estate investment company declared cash dividend payment of $0.98 a share to be paid on January 15, 13.95% increase from the last quarter.
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