11:45 PM New York – AT&T plans to buy DirecTV for $95 per share or $48.5 billion. Campbell Soup net rose 2% but revenue nearly flat. Johnson Controls plans to spin off its $3 billion automotive-interiors business. MasterCard agreed to acquire ElectraCard. Valspar net declined 12%.
) slid 1 cent to $36.73 after the mobile communication services provider agreed to buy DirecTV for $95 per share or $48.5 billion.
Campbell Soup Company
) dropped 2.9% or $1.31 to $43.80 after the packaged food products maker said revenues in the third-quarter ending on April 27 nearly flat at $1.97 billion from $1.96 billion a year ago.
Net income in the quarter rose 1.7% to $184 million or 58 cents a diluted share compared to $181 million or 57 cents.
Johnson Controls Inc
) climbed 3.7% or $1.65 to $46.43 after the temperature regulation systems maker plans to spin-off its $3 billion automotive-interiors business into a new company majority-owned by a China-based partner SAIC Motor Corp.
Johnson will retain a 30% interest in the new company that have total value of $7.5 billion in revenue.
KKR & Co. L.P
) jumped 2.5% or 54 cents to $22.99 after the investment company agreed to acquire Singapore-based Goodpack Ltd the maker of intermediate bulk containers with market value of $1.1 billion.
) rose 12 cents to $73.87 after the payment solution provider agreed to acquire ElectraCard Services Private Limited, a subsidiary of Opus Software Solutions Pvt. Ltd., a software solutions provider for electronic payment and card systems. Terms of the agreement were not disclosed.
The transaction is expected to close in the second quarter.
The Valspar Corporation
) jumped 2.6% or $1.97 to $75.30 after the paint and coatings products maker reported net sales in the second-quarter ending on April 25 climbed 10% to $1.1 billion.
Net income in the quarter declined 11.7% to $85.9 million or 99 cents a diluted share compared to $76.9 million or 84 cents.