Bayer bids $62B for Monsanto; Lending Club gains; Aflac downgrade

Midday stock movers: today's big winners and losers

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Monsanto (MON) – Bayer (BAYRY) has made an all-cash offer to acquire Monsanto for $62 billion. The deal, if successful, would create the world’s largest agrochemicals company.

Tribune Publishing (TPUB) – Tribune rejected the latest buyout bid from Gannett (GCI), which raised its per-share offer to $15 from $12.25. Tribune also revealed a $70.5 million investment from Nant Capital.

Boeing (BA) —Vietnam’s VietJet has agreed to buy 100 Boeing 737 MAX 200 jets. The deal, signed during President Obama’s visit to Vietnam, is worth $11.3 billion at list prices.

Lending Club (LC) - Affiliates of investment firm Shanda Group reported an 11.7% stake in Lending Club. The company’s shares have fallen more than 40% since its CEO Renaud Laplanche resigned earlier this month following an internal probe.

General Electric (GE) – The company announced deals worth over $1.4 billion with Saudi Arabia as the country looks to reduce its dependence on oil.

Aflac (AFL) – The company has received its second downgrade in a week. Sandler O’Neill cut its rating on Aflac from buy to hold following the stock's more than 20% move to the upside from its February lows.

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