Company news for December 24, 2013

Zacks

•    Shares of Seagate Technology PLC (NASDAQ:STX) rose more than 0.6%, after the company revealed it was purchasing Xyratex Ltd. (NASDAQ:XRTX) for nearly $374 million. Following the announcement, Xyratex shares also rose, by 27%

•    Taminco Corp (NYSE:TAM) disclosed it would widen its product range by purchasing the formic acid division of Kemira Chemicals, Inc. for about 140 million euros or $191 million.

•    Shares of The Men's Wearhouse, Inc. (NYSE:MW) dropped nearly 1%, after Jos. A. Bank Clothiers Inc. (NASDAQ:JOSB) rejected Men's Wearhouse’s $1.5 billion purchase proposal.

•    The Walt Disney Company (NYSE:DIS) has said Twitter Inc. (NYSE:TWTR) co-founder Jack Dorsey will join its board as an independent member
 

Read the analyst report on STX

Read the analyst report on XRTX

Read the analyst report on TAM

Read the analyst report on MW

Read the analyst report on JOSB

Read the analyst report on DIS

Read the analyst report on TWTR


Zacks Investment Research

Rates

View Comments