Stocks in the news: Baker Hughes, Marvel, Disney, Oracle, AstraZeneca

Updated

Some of the companies making headlines today:

Baker Hughes Inc. (BHI) , the world's third-largest oilfield services company, today agreed to snap up smaller rival BJ Services Co. (BJS) for $5.5 billion in cash and stock. The deal represents a 16.3 percent premium over the BJ Services closing stock price on Friday. BHI shares declined about 3.5 percent, BJS jumped over 11 percent ahead of the bell.

The Walt Disney Co. (DIS) said Monday it is acquiring Marvel Entertainment Inc. (MVL) for $4 billion in cash and stock. Disney will acquire ownership of 5,000 Marvel characters, including Iron Man, Spider-Man, the Fantastic Four and the X-Men. MVL shares jumped about 25 percent in pre-market trade as shareholders will receive $30 per share in cash, plus 0.745 Disney shares for every Marvel share, which values each Marvel share at $50. MVL closed at $38.65 Friday. Meanwhile, Disney shares fell about 2.6 percent.

Advertisement