Big Movers in the Stock Market
Jul. 17, 2000
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.
General Mills, fell $2.438 to $33.875
General Mills purchased Pillsbury from British food and drinks conglomerate Diageo PLC for $5.4 billion in stock and the assumption of $5.1 billion in debt.
General Electric, rose $2.25 to $53.75
General Electric signed a definitive agreement to buy railroad parts supplier Harmon Industries for about $425 million.
Corning Inc., rose $12.188 to $279.188
Corning beat Wall Street estimates for second quarter earnings by reporting profits of 94 cents a share as compared to 80 cents a share predicted by analysts.
CareerBuilder Inc., rose $3.625 to $7.75
Media companies Knight-Ridder and Tribune Co. agreed to buy the online employment agency for $200 million. CareerBuilder shareholders will receive $8 a share for each share held.
Mercator Software Inc. fell $37.188 to $25.438
The maker of software for linking computer systems said it earned about 4 cents a share on a pro forma basis in the second quarter. Wall Street analysts had predicted the company would earn 8 cents a share.
Anesta Corp. rose $7.688 to $29.813
Cephalon Inc. agreed to buy Anesta, a maker of drug-delivery systems, for $444 million. Anesta holders will receive 0.4765 share of Cephalon stock, valued at about $31.45, for each share held.