2016-07-24 20:55:49 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Verizon (VZ) has reached a $4.8B-plus deal to acquire Yahoo's (YHOO) core assets and plans to make an announcement before market open on Monday, Bloomberg reported. Elsewhere in M&A news, Reuters said Tesla (TSLA) and SolarCity (SCTY) are nearing consensus on a merger agreement, while ex-Verifone (PAY) CEO Doug Bergeron told Bloomberg he is watching his former company and could be interested in launching a takeout bid if shares fall near the $11-$12 range. 2. The charitable trust that controls Hershey (HSY) reached an agreement with Pennsylvania's Attorney General that will see major governance changes at the group, including resignations. Media reports of the settlement follow the recent rejection of Mondelez' (MDLZ) takeover bid by the Hershey board, which included several members of the trust. 3. Nintendo (NTDOY) issued a statement warning that "Pokemon GO" would have limited impact to its business results, adding that it has no current plans to update its financial guidance despite the craze surrounding the mobile game. 4. MediciNova (MNOV) received a so-called notice of allowance from the patent office which would grant it broad protection for its anti-fibrosis candidate tipelukast. 5. MGIC Investment (MTG), Radian (RDN), Essent Group (ESNT), CSW Industrials (CSWI), and Comcast (CMCSA) saw positive calls in Barron's, while Express Scripts (ESRX), CVS Health (CVS), UnitedHealth (UNH), and Netflix (NFLX) were discussed more negatively. | |
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