Medtronic, Inc. (NYSE:MDT), a global leader in medical technology, services and solutions, and Covidien plc (NYSE:COV), a global healthcare technology and medical supplies provider, announced that they have entered into a definitive agreement under which Medtronic has agreed to acquire Covidien in a cash-and-stock transaction valued at $93.22 per Covidien share, or a total of approximately $42.9 billion, based on Medtronic`s closing stock price of $60.70 per share on June 13, 2014. Covidien plc (NYSE:COV) net profit margin is 15.50% and weekly performance is -2.15%. On last trading day company shares ended up $72.02. Analysts mean target price for the company is $79.25. Covidien plc (NYSE:COV) distance from 50-day simple moving average (SMA50) is 0.68%.
Weatherford International Ltd. (NYSE:WFT) announced that its shareholders have approved changing its place of incorporation from Switzerland to Ireland at the Extraordinary General Meeting of Shareholders held in Zug, Switzerland. As previously disclosed by the SIX Swiss Exchange, trading in the shares of Weatherford International Ltd. (the “Shares”) on the SIX Swiss Exchange will be suspended as from and including June 17, 2014, and, depending on the date of the registration of the merger in the commercial register of the Canton of Zug, Switzerland, the effective day of delisting of the Shares will be June 19, 2014. Weatherford International Ltd (NYSE:WFT) shares advanced 1.08% in last trading session and ended the day on $22.41. Gross Margin is 19.20% and its return on assets is -1.80%. Weatherford International Ltd (NYSE:WFT) quarterly performance is 39.28%.
Tripadvisor Inc (NASDAQ:TRIP) on June 12 announced the launch of 10 new free Mobile City Guides for iPhone and Android for Brazilian host cities: Salvador, Belo Horizonte, Fortaleza, Brasilia, Curitiba, Porto Alegre, Recife, Cuiaba, Natal and Manaus. These 10 new apps add to the ones already available for Sao Paulo and Rio de Janeiro, ensuring travelers to all 12 host cities in Brazil can benefit from TripAdvisor City Guides. Tripadvisor Inc (NASDAQ:TRIP) shares moved up 0.26% in last trading session and was closed at $101.98, while trading in range of $ 100.76 – 103.93. Tripadvisor Inc (NASDAQ:TRIP) year to date (YTD) performance is 23.12%.
OpenTable Inc. (NASDAQ:OPEN) announced Friday morning that it agreed to be acquired by Priceline.com (PCLN: Quote) for $103 per share in an all cash transaction valued at $2.6 billion. OpenTable gapped open dramatically higher Friday, but moved in a narrow range throughout the session. The stock finished up by 34.05 at $104.48 on the highest volume of the year. OpenTable soared to a new high for the year. OpenTable Inc (NASDAQ:OPEN) ended the last trading day at $104.48. Company weekly volatility is calculated as 2.53% and price to cash ratio as 20.90. OpenTable Inc (NASDAQ:OPEN) showed a positive weekly performance of 47.97%.
On June 9, Shares of YY Inc (NYSE:YY) were the target of some unusual options trading activity on Monday. Traders acquired 6,492 put options on the company,StockRatingsNetwork.com reports. This is an increase of approximately 168% compared to the average volume of 2,426 put options. YY Inc (ADR) (NASDAQ:YY) net profit margin is 27.30 % and weekly performance is 6.96%. On last trading day company shares ended up $69.76. Analysts mean target price for the company is $95.21. YY Inc (ADR) (NASDAQ:YY) distance from 50-day simple moving average (SMA50) is 10.65%.
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