11:15 AM New York City, New York – Hershey to acquire Amplify Snack for $1.6 billion. Humana and private equity firms are in preliminary talks to buy Kindred Healthcare. Oracle agreed to acquire Australia-based Aconex for $1.2 billion. Penn National Gaming to buy Pinnacle Entertainment in $2.8 billion.
Tollbooth Index jumped 77.08 or 0.6% to 13,945.04.
) increased 1.1% or 70 cents to $66.65 ahead of fiscal fourth-quarter results tomorrow.
) decreased 56 cents to $113.60 after the chocolate and non-chocolate confectionery products producer said it will acquire snack food provider of Amplify Snack Brands, Inc for $12 per share in cash or $1.6 billion.
The transaction is expected to close in the first-quarter of 2018.
Amplify Snack Brands Inc stock surged 70.5% to $11.94.
) slumped 1.6% or $3.94 to $249.82 and the health insurer is in preliminary talks to acquire acute care provider Kindred Healthcare Inc in a consortium led by private equity firms Welsh, Carson, Anderson & Stowe and TPG.
) edged up 3 cents to $48.34 after the corporate information technology provider agreed to acquire Australia-based cloud-based collaboration software maker Aconex Ltd for A$7.80 per share or about $1.19 billion or A$1.56 billion.
Penn National Gaming Inc
) dropped 3.6% or $1.07 to $28.62 after the casino gaming and racing services provider intends to acquire Pinnacle Entertainment Inc $2.8 billion in a cash and stock deal.
Under the terms, shareholders of Pinnacle will receive $20 in cash and 0.42 shares of Penn National share totaling $32.47 per Pinnacle share.
The transaction is expected to close in the second-half of 2018.