2017-05-29 20:43:28 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Payments solution company CardConnect (CCN) agreed to be acquired by First Data (FDC) for $15.00 per share in cash, the companies announced Sunday. 2. A Dutch court rejected activist investor Elliott Management's attempt to force AkzoNobel (AKZOY) to engage with U.S. paint and coating rival PPG (PPG). PPG, which has made several offers to acquire AkzoNobel, said it remains willing to meet with the company but cautioned that "without productive engagement, PPG will assess and decide whether or not to pursue an offer." 3. ISS joined fellow advisory firm Glass Lewis in recommending General Motors (GM) shareholders reject Greenlight Capital's push for board seats as well as its proposal to split the carmaker's stock into two classes. 4. Despite opening well below average for the series, Disney's (DIS) latest "Pirates of the Caribbean" topped box offices over Memorial Day weekend as Viacom's (VIA) "Baywatch" failed to meet expectations. 5. Ford (F), International Paper (IP), Crocs (CROX) and Yahoo (YHOO) saw positive mention in Barron's, while Foot Locker (FL) was discussed cautiously. | |
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