Here are some of the stocks the Yahoo Finance team will be watching for you today.
Baker Hughes (BHI) shares were lower in early trading. The oil producer plans to buy back $1.5 billion in stock after a merger was called off with Halliburton (HAL). Halliburton has till Wednesday to pay for a breakup deal that’s worth over $3 billion, which is how Baker Hughes will finance the buyback. The $28 billion merger is off after opposition from U.S. and European antitrust regulators.
Apollo Education (APOL) soared in early trading following news that a group of investors, including private equity firm Apollo Global Management, have raised their offer to buy the University of Phoenix owner for $1.14 billion, or $10 a share. That’s up from $9.50 a share. This is in an effort to win over reluctant shareholders.
Apple (AAPL) shares remain in focus this morning. The stock fell 11% last week after the company reported its first revenue decline in 13 years.
Groupon (GRPN) shares fell in morning trading after RBC Capital downgraded the stock to under-perform from sector perform and cut its price target on the stock by a buck, to $3 a share.
- Basic Materials Industry
- Investment & Company Information
- Baker Hughes