Warren Buffett Offers Rich Premium
H.J. Heinz agreed to be purchased by Warren Buffett's Berkshire Hathaway and 3G Capital for $72.50 a share. HNZ, which closed at $60.48 yesterday, soars 20 percent before the bell on my tradeMONSTER platform.
Revised Deal Structure Lifts Constellation
Constellation Brands cratered last month after the Justice Department objected to a deal giving it control of the lucrative Corona beer brand in the United States. Now Anheuser-Busch InBev, another big party to that transaction, has modified the plan to appease those concerns, and STZ is rocketing 28 percent in early trading.
Bulls Log on to Angie's List
Online merchant-referral service Angie's List reported fourth-quarter profit of $0.04 a share, twice the $0.02 expected by analysts. Revenue of $46.2 million also exceeded the $45.6 million estimate, and guidance was strong. ANGI surges 27 percent in the premarket.
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