11:45 AM New York – HB Fuller agreed to acquire smaller rival Royal Adhesives for $1.6 billion. Nasdaq plans to buy eVestment for $705 million. Tronc agreed to buy the Daily News. Teleflex plan to buy NeoTract for $1.1 billion. United Technologies agreed to buy Rockwell Collins for $23 billion.
Tollbooth Index decreased 29.69 or 0.2% to 12,360.58.
HB Fuller Co
) soared 8.1% or $4.11 to $54.79 after the adhesive maker agreed to acquire smaller rival Royal Adhesives & Sealants from the private equity firm American Securities LLC for about $1.58 billion.
Royal forecasted to generate $650 million in revenue and $138 million in operating profit during H.B. Fuller’s fiscal year 2017.
The transaction is expected to close in October 2017.
) slumped 2.1% or $1.57 to $73.80 after the trading exchange operator said it intends to buy cloud-based content and analytics services provider eVestment Alliance LLC for about $705 million.
The transaction is expected to close in the fourth-quarter.
) advanced 2.2% or 32 cents to $14.98 after the parent of the Chicago Tribune and Los Angeles Times publisher said its acquired century-old New York City tabloid and 11 Pulitzer Prizes winner the Daily News.
Under the terms, tronc assumed operational and pension liabilities of the New York Daily News.
) increased $1.89 to $212.40 and the medical device maker plans to acquire the privately held urology devices maker NeoTract Inc up to $1.1 billion.
The transaction is expected to close within the next 30 days.
United Technologies Corporation
) declined 4.3% or $5.05 to $112.87 after the aerospace products maker agreed to buy airplane parts maker Rockwell Collins Inc. for about $93.33 per share in cash and $46.67 in shares or $23 billion and for a total transaction value of $30 billion, including net debt.
The transaction is expected to close in the third-quarter of 2018.
The defense products maker reaffirmed revenues forecast between $58.5 billion and $59.5 billion and earnings per share in the range of $6.45 to $6.60.