Home Depot Plans to Buy XPO Logistics, Ignyta Surges on Roche Deal

Mukesh Buch
26 Dec, 2017
New York City

Home Depot plans to acquire supply chain solutions provider XPO Logistics. Ignyta agreed to be acquired by Switzerland-based cancer drug maker Roche Holding for $1.7 billion. Sigma Labs secured contract from Germany-based privately-held Laser Zentrum Nord.

[R]10:45 AM New York City, New York – Home Depot plans to acquire supply chain solutions provider XPO Logistics. Ignyta agreed to be acquired by Switzerland-based cancer drug maker Roche Holding for $1.7 billion. Sigma Labs secured contract from Germany-based privately-held Laser Zentrum Nord.[/R]

Tollbooth Index slipped 36 or 0.3% to 13,810.48.

Earnings Review

The Home Depot Inc ((HD)) gained 82 cents to $188.97 and the home improvement retailer is planning to acquire supply chain solutions provider XPO Logistics Inc.

XPO Logistics Inc stock declined 3.1% to $87.22.

Ignyta, Inc ((RXDX)) surged 72.7% or $11.30 to $26.85 after the oncology medicine developer agreed to be acquired by Switzerland-based drug maker Roche Holding Ltd for $27 per share in cash or about $1.7 billion.

The transaction is expected to take place in the first-half of 2018.

Sigma Labs Inc ((SGLB)) surged 151.8% or $2.11 to $3.50 after the manufacturing and materials technology provider secured contract from Germany-based privately-held industrial application developer Laser Zentrum Nord GmbH for PrintRite 3D INSPECT.

Both companies did not disclose financial terms.

Walgreens Boots Alliance Inc ((WBA)) increased 1% or 73 cents to $73.44 after the drug retailer said that it will reduce its stake to 20% from the current 50% stake in its China joint venture.

Walgreens will sell its stake to its joint venture China-based partner Guangzhou Baiyunshan Pharmaceutical Holdings.