Family Dollar Stores, Inc. (NYSE:FDO) announced that its Board of Directors has adopted a one-year shareholder rights plan, details of which will be contained in a Form 8-K to be filed with the U.S. Securities and Exchange Commission. All of the Company’s directors voted in favor of the adoption of the rights plan, other than Edward Garden who voted against the plan. Family Dollar Stores, Inc. (NYSE:FDO) net profit margin is 3.80% and weekly performance is 17.02%. On last trading day company shares ended up $68.62. Analysts mean target price for the company is $56.89. Family Dollar Stores, Inc. (NYSE:FDO) distance from 50-day simple moving average (SMA50) is 18.79%.
Shares of Hillshire Brands Co (NYSE:HSH) are up after it was reported that Tyson Foods Inc. is set to buy the food company for $63 per share, or about $7.8 billion excluding debt, beating offers from Pilgrim’s Pride Corp, the Chicago Tribune reports. Hillshire Brands Co (NYSE:HSH) shares advanced 5.33% in last trading session and ended the day on $62.06. HSH Gross Margin is 28.90% and its return on assets is 9.20%. Hillshire Brands Co (NYSE:HSH) quarterly performance is 67.10%.
Hittite Microwave Corp (NASDAQ:HITT) reported $0.52 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.52. The company had revenue of $70.60 million for the quarter, compared to the consensus estimate of $68.50 million. During the same quarter last year, the company posted $0.57 earnings per share. Hittite Microwave Corp’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Hittite Microwave Corp will post $2.35 earnings per share for the current fiscal year. Hittite Microwave Corp (NASDAQ:HITT) shares moved up 28.63% in last trading session and was closed at $77.90, while trading in range of $77.71 – $78.39. Hittite Microwave Corp (NASDAQ:HITT) year to date (YTD) performance is 26.83%.
Analog Devices, Inc. (NASDAQ:ADI) and Hittite Microwave Corp (NASDAQ:HITT) announced that the two companies have entered into a definitive agreement whereby ADI will acquire Hittite for $78 per share in cash. Analog Devices, Inc. (NASDAQ:ADI) ended the last trading day at $55.31. Company weekly volatility is calculated as 1.54% and price to cash ratio as 3.61. Analog Devices, Inc. (NASDAQ:ADI) showed a positive weekly performance of 5.61%.
Merck & Co., Inc. (NYSE:MRK) said it would buyIdenix Pharmaceuticals Inc IDIX.O for $3.85 billion and plans to combine the two companies’ most promising drugs to produce a faster, more effective cure for hepatitis C. Merck & Co., Inc. (NYSE:MRK) net profit margin is 14.00%and weekly performance is 0.02%. On last trading day company shares ended up $57.94. Analysts mean target price for the company is $59.22. Merck & Co., Inc. (NYSE:MRK) distance from 50-day simple moving average (SMA50) is 2.09%.