Stocks to Watch (KSW, FDO, Facebook Inc, TM, HEK)
KSW, Inc. (NASDAQ:KSW) stock soared 22.11% to $4.97 in the pre-market hour after the company announced that they have entered into a definitive merger agreement. Under the terms of the agreement, a subsidiary of Related Companies will acquire all of the outstanding shares of common stock of KSW for $5.00 per share in cash through a cash tender offer followed by a merger. The transaction is valued in the aggregate at approximately $32.1 million.
Under the terms of the merger agreement, the parties anticipate that Merger Sub will commence a tender offer for all of the outstanding shares of KSW before September 21, 2012.
Family Dollar Stores, Inc.(NYSE:FDO) shares were reissued a neutral rating by Nomura in a report released on Friday. Nomura currently has a $60.00 target price on the stock. Additionally, analysts predict that Family Dollar Stores will post $0.00 earnings per share for the current fiscal year. The company operates a chain of more than 7,000 general merchandise retail discount stores in 44 states, providing primarily consumers with a selection of merchandise in neighborhood stores.
Facebook Inc(NASDAQ:FB) stock gained 0.37% to $19.05 in the pre-market hour. The company has completed its acquisition of Instagram in a deal valued at $715.3 million. The transaction was of worth $1 billion when both the companies decided to make a deal before IPO in April, however Facebook equity price slipped more than half of its value since its Initial Public Offering.
Toyota Motor Corporation (ADR)(NYSE:TM) shares climbed 0.21% to $81.84 in pre-market hour. The company said that it will invest $164 million to lift output capacity by 50% at 2 plants in India at a time its local sales are moving up faster than many rival’s. Vice chairman of Toyota Kirloskar Motor Pvt Ltd, Vikram Kirloskar reported that India has huge potential and they want to ensure that they serve this market in best possible way.
Heckmann Corporation (NYSE:HEK) announced that it has completed the acquisition of a majority interest in Appalachian Water Services, LLC (AWS). AWS will operate as an integral part of Heckmann’s fluid management solutions strategy. Terms of the transaction were not disclosed.