Jan 9 (Reuters) - UnitedHealth Group Inc said on Monday its Optum unit would buy Surgical Care Affiliates Inc in a deal valuing the company at about $2.3 billion.
The offer of $57 per share, represents a premium of 17 percent to Friday's close.
The deal will be funded between 51 percent to 80 percent with UnitedHealth Group stock, with the remainder in cash.
(Reporting by Ankur Banerjee in Bengaluru; Editing by Shounak Dasgupta)
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
Super Micro Computer just spooked its investors with a suggestion that it will earn exactly what it promised to earn three months ago.
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Recently, Zacks.com users have been paying close attention to Pfizer (PFE). This makes it worthwhile to examine what the stock has in store.
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Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
Trump Media & Technology Group wrote to Nasdaq CEO Adena Friedman alerting the exchange to "potential market manipulation" in the stock, it disclosed in a Friday filing with the Securities and Exchange Commission. Trump Media shares have been highly volatile and in recent days have hovered at nearly half their March 26 debut closing price of $57.99. In the letter, Trump Media CEO and former Congressman Devin Nunes suggested "naked" short-selling was to blame.
If you are still holding to Nvidia stock, here is a key sell signal to watch for: Shares dipped below the 50-day moving average Friday. Nvidia's chart shows that its relative strength line, which compares the company's stock performance to the S&P 500, is flattening. Chief Executive Jensen Huang recently addressed students at his alma mater of Oregon State University and stated that "artificial intelligence is the technology industry's single greatest contribution to social elevation."
Microsoft has been one of the pioneers in the field of AI, but this tech giant is also set to win big time from the growing adoption of this technology.
In seven of the past eight quarters, the company disclosed preliminary results ahead of its earnings report, generally raising its guidance.