Time for Trending Tickers for Monday May 19th - Making the list today as measured by your Yahoo Finance ticker searches are:
DirecTV (DTV) - Investors are selling the news on DirecTV after it was confirmed over the weekend that the company will be purchased by AT&T (T). One of the possible hang-ups on the deal is whether or not DirecTV can renew its NFL Sunday Ticket deal which expires after the coming season. According to the wording of the deal if DirecTV isn't able to extend its exclusive contract with the NFL on substantially the same terms AT&T can choose not to consummate the merger. DirecTV shares are trading down 2% for the day and some 10% below the $48 billion listed price of the transaction.
AstraZeneca (AZN) - Shares of the UK-based drugmaker are tumbling after they rejected a sweetened and "final" offer from Pfizer (PFE). AstraZeneca Chairman Leif Johansson said in a statement, "Pfizer's approach throughout its pursuit of AstraZeneca appears to have been fundamentally driven by the corporate financial benefits to its shareholders of cost savings and tax minimization." Wall Street is sending a strong message to Johannson as well to get a deal done, and today's slide isn't sitting pretty with shareholders. Pfizer's offer will officially expire on May 26th.
Campbell Soup Company (CPB) - No Soup for you! Shares are sliding after the company cut its annual forecast. (FS 7) The company revealed U.S. consumers aren't buying enough soup, especially the condensed versions that have long been a staple of pantries across the country. CEO Dennis Morrison has a lot on his plate when it comes reviving the company's fortunes, although Campbell's sauces and broths posted sales gains. The stock had been up 4.3% this year before today's drop.
Those are your Trending Tickers for today, we'll see you back here tomorrow.
- Mergers, Acquisitions & Takeovers