The merger of Medtronic, the world’s largest stand-alone medical device maker, and Covidien plc (NYSE:COV), a maker of devices used in surgery, will create a close competitor to the medical device business of Johnson & Johnson Co. The deal values each Covidien share at $93.22, paid for by $35.19 in cash and 0.956 Medtronic shares. Covidien plc (NYSE:COV) net profit margin is 15.50% and weekly performance is 18.62%. On last trading day company shares ended up $86.75. Analysts mean target price for the company is $79.25. Covidien plc (NYSE:COV) distance from 50-day simple moving average (SMA50) is 21.28%.
SanDisk Corp is buying Fusion-io Inc. (NYSE:FIO) for about $US1.1 billion to bolster its fast-growing business of providing flash storage drives to companies. Fusion-io has struggled with losses since its initial public offering in 2011, but SanDisk sees its technology as a major component for its own line-up of storage products. Fusion-IO, Inc. (NYSE:FIO) shares advanced 22.41% in last trading session and ended the day on $11.36. FIO gross Margin is 55.70% and its return on assets is -17.40%.Fusion-IO, Inc. (NYSE:FIO) quarterly performance is -3.15%.
The Williams Companies, Inc. (NYSE:WMB) has agreed to acquire the full general partner’s stake in Access Midstream Partners LP for nearly $6 billion, the Tulsa-based company announced Sunday. Williams Companies, Inc. (NYSE:WMB) shares moved up 18.74% in last trading session and was closed at $56.02, while trading in range of $54.65 – $59.68. Williams Companies, Inc. (NYSE:WMB) year to date (YTD) performance is 47.97%.
The fairness of the proposed acquisition of TW Telecom Inc. (NASDAQ:TWTC) by Level 3 Communications, Inc. is the subject of an examination by WeissLaw LLP, a national class action, shareholder rights law firm. The examination is focusing on possible breaches of fiduciary duty and other violations of law by the Board of Directors of TW Telecom for agreeing to sell the Company to Level 3. On June 16, 2014, the companies jointly announced they had reached a definitive agreement for Level 3 to acquire all outstanding shares of TW Telecom for a mix of cash and stock worth $40.86 per common share, for a total equity value of $7.3 billion. TW Telecom Inc. (NASDAQ:TWTC) ended the last trading day at $38.99. Company weekly volatility is calculated as 4.53% and price to cash ratio as 15.14.TW Telecom Inc. (NASDAQ:TWTC) showed a positive weekly performance of 16.63%.
Starbucks Corporation (NASDAQ:SBUX), which has offered stock for store workers for more than two decades, will begin picking up most of the college tab for employees. Starbucks Corporation (NASDAQ:SBUX) net profit margin is 1.00% and weekly performance is -0.12%. On last trading day company shares ended up $75.09. Analysts mean target price for the company is $87.83. Starbucks Corporation (NASDAQ:SBUX) distance from 50-day simple moving average (SMA50) is 4.95%.