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Market Update

Caesars Ent Surges 20%, Raytheon Wins $2.4 B Contract in Qatar

Author: Mukesh Buch
Last Update: 12:02 PM ET December 22 2014

11:55 AM New York – Anthem agreed to acquire Simply Healthcare and maintained profit forecast. Caesars Entertainment consolidates Caesars Acquisition. Carnival net swung to a loss of $102 million. Ennis declare quarterly cash dividend. Raytheon secured contract worth $2.4 billion from Qatar.

Tollbooth Strategy Index gained 0.6% or 57.43 to 10,054.20.

Earnings Review

Anthem Inc (ANTM) gained 8 cents to $128.03 after the health insurer agreed to acquire Simply Healthcare Holdings, Inc. for undisclosed financial terms.

The acquisition is expected to close in the first-half of 2015.

The company forecasted net income per share to be within the range of $8.83 to $8.93.

Caesars Entertainment Corp (CZR) surged 20.3% or $2.74 to $16.23 after the diversified casino-entertainment provider signed agreement to merge affiliate Caesars Acquisition Company in an all-stock transaction.

Carnival Corporation (CCL) slid 2 cents to $44.78 after the cruise company reported total revenues in the fourth-quarter ending in November increased 1.6% to $3.72 billion form a year ago period.

Net in the quarter swung to a loss of $102 million or 13 cents a diluted share compared to profit of $66 million or 8 cents from a same quarter last year.

Ennis, Inc (EBF) climbed 3.1% or 41 cents to $13.64 after the commercial printing service provider’s board of directors declared a quarterly cash dividend of 17 1/2 cents per share payable on February 2.

Madison Dearborn Partners LLC, on media report the private equity firm is in preliminary talks to acquire majority stake of the infusion services business of Walgreen Co, drugstore chain retailer for about $1 billion.

Raytheon Company (RTN) jumped 2.5% or $2.73 to $109.55 after the defense and homeland security provider secured Foreign Military Sales contract worth $2.4 billion for new-production fire units of the combat-proven Patriot Air and Missile Defense System for the State of Qatar.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc