| 2017-08-20 20:02:37|
SBUX, LMT… 20:02 08/20 08/20/17
On The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. B&G Foods (BGS) has entered into a definitive agreement to acquire Back to Nature Foods Company from Brynwood Partners, Mondelez (MDLZ) and certain other entities and individuals for approximately $162.5M in cash. B&G Foods expects the acquisition to close during Q3 of 2017. 2. Sempra Energy (SRE) is nearing an agreement to buy Oncor Electric Delivery for about $9.3B, according to Bloomberg, citing people familiar with the matter. The Texas utility is also being pursued by Warren Buffett's Berkshire Hathaway (BRK.A) and Paul Singer's Elliott Management, the publication noted. 3. Starbucks' (SBUX) mobile order-and-pay feature has become a major hit, Alex Eule wrote in this week's edition of Barron's. In the last quarter, 9% of Starbucks' U.S. orders were placed in advance, and nearly a third of all its orders were paid for via the company's phone app, the publication noted. Eule believes that the stock could jump 20% or more over the next 12 months. 4. Lionsgate's (LGF.A) action comedy "Hitman's Bodyguard" debuted to a better than expected $21.6M from 3,377 theaters to top the weekend box-office chart, as summer revenue continues to tumble. The movie tells the story of a world-renowned bodyguard who is forced to protect an infamous hitman that is scheduled to testify. With a 38% rating on Rotten Tomatoes, "Hitman's Bodyguard" received a B+ CinemaScore rating by audiences. 5. Lockheed Martin (LMT), Gardner Denver (GDI), Cardinal Health (CAH), Patterson Companies (PDCO), ResMed (RMD), AmerisourceBergen (ABC), UnitedHealth (UNH), and Advance Auto Parts (AAP) saw positive mentions in Barron's, while Motorola Solutions (MSI) was mentioned cautiously.
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