AT&T is in discussions to buy DIRECTV (NASDAQ:DTV) for about $50 billion to expand its video offerings and avoid being left out in consolidation hitting the pay-TV industry. The price being discussed by the companies is in the “low-to-mid $90s” per DirecTV share, but an announcement could still be “weeks away”. DIRECTV (NASDAQ:DTV) net profit margin is 9.00% and weekly performance is 9.17%. On last trading day company shares ended up $87.16. Analysts mean target price for the company is $83.91. DIRECTV (NASDAQ:DTV) distance from 50-day simple moving average (SMA50) is 12.07%.
Hillshire Brands Co (NYSE:HSH) is pushing further outside the deli case with a deal to buy the maker of Birds Eye frozen vegetables, Duncan Hines cake mixes and Hungry-Man frozen dinners. Hillshire Brands Co (NYSE:HSH) shares fell -3.22%in last trading session and ended the day on $35.76. HSH Gross Margin is 28.80% and its return on assets is 11.30%. Hillshire Brands Co (NYSE:HSH) quarterly performance is 0.39%.
Allergan, Inc. (NYSE:AGN) may as well be getting ready to reject the offer of Valeant Pharmaceuticals International Inc. (VRX) to buy out the company. Allergan has been working with its legal advisors for the past two weeks, and as of now, is expected to reject the bid as early as today, said sources close to the matter. Allergan, Inc. (NYSE:AGN) shares moved down -0.98%in last trading session and was closed at $159.72, while trading in range of $158.08 – $161.57. Allergan, Inc. (NYSE:AGN) year to date (YTD) performance is 43.84%.
Comcast Corporation (NASDAQ:CMCSA) announced that Ken Klaer has joined the company as Senior Vice President, Premises Technology, leading the team that develops innovative CPE devices used to deliver Comcast’s video, voice, data and cross-platform applications in customers’ homes. He reports to Sree Kotay, Senior Vice President, Chief Software Architect for Comcast. Comcast Corporation (NASDAQ:CMCSA) ended the last trading day at $50.65. Company weekly volatility is calculated as 1.73% and price to cash ratio as 24.14. Comcast Corporation (NASDAQ:CMCSA) showed a negative weekly performance of -3.45%.
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