Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.
Shares of Burger King (BKW) and Tim Hortons (THI) surged in early trading after reports the hamburger-maker is in talks to buy the Canadian-based coffee shop. The inversion deal would move Burger King’s headquarters to Canada to take advantage of a lower tax rate.
InterMune (ITMN) shares soared in the pre-market after Swiss pharmaceutical giant Roche said it will buy the California biotech firm for $8.3 billion in cash, or $74 a share. The deal will give Roche access to InterMune's lung disease therapies. InterMune which is still not profitable, makes a drug to treat idiopathic pulmonary fibrosis, a deadly disease which scars the lungs.
Ann (ANN) shares rose before the bell. The owner of Ann Taylor stores is under pressure from activist investor Engine Capital and the hedge fund Red Alder to put itself up for sale. The Wall Street Journal reported the two firms believe the women's apparel retailer could fetch up to $2.5 billion. Last week, Ann cut its sales outlook for the current quarter as it continues to struggle with a slow sales, traffic and as promotions continue to squeeze margins.
Apple (AAPL) shares continue to be on investors' radar, the stock is up before the bell. Apple shares are at their highest level since the stock split in June. The surge likely being driven by the worst-kept secret in tech a new, bigger iPhone 6 expected next month.
- Investment & Company Information
- Burger King
- Tim Hortons