Avago Technologies Ltd. (NASDAQ: AVGO) and LSI Corp. (NASDAQ:LSI) reported that Avago has completed its acquisition of LSI Corp. for USD11.15 per share in an all-cash transaction valued at approximately USD6.6bn. The acquisition creates a diversified semiconductor market leader with approximately USD5bn in projected annual revenues. Avago Technologies Ltd (NASDAQ:AVGO) shares after opening at $67.75 moved to $68.61 on last trade day and at the end of the day closed at $66.81. Company price to sales ratio in past twelve months was calculated as 6.29 and price to cash ratio as 15.01. Avago Technologies Ltd (NASDAQ:AVGO) showed a positive weekly performance of 5.21%.
Mondelez International Inc. (NASDAQ:MDLZ) is combining its coffee business, which includes brands like Maxwell House and Gevalia, with one from a smaller rival and restructuring its business as growth in the global snacks business slows. Mondelez International Inc. (NASDAQ:MDLZ) shares advanced 8.18% in last trading session and ended the day on $38.10. MDLZ return on equity ratio is recorded as 12.20% and its return on assets is 5.40%. Mondelez International Inc. (NASDAQ:MDLZ) yearly performance is 23.38%.
Chesapeake Energy Corp. (NYSE:CHK) is on track to make more cash than it spends for the first time in more than a decade as Chief Executive Officer Doug Lawler’s cost cuts take hold. Chesapeake Energy Corporation (NYSE:CHK) shares moved up 4.44% in last trading session and was closed at $29.61, while trading in range of $28.10 – $29.84. Chesapeake Energy Corporation (NYSE:CHK) year to date (YTD) performance is 9.83%.
ExxonMobil Corp. (NYSE:XOM) is approaching its research, development, and qualification of subsea processing technologies from a more global rather than project-specific perspective to help reduce costs and streamline schedules for future subsea projects, the company told a technical session on May 7 at the Offshore Technology Conference in Houston. Exxon Mobil Corporation (NYSE:XOM) weekly performance is 0.68%. On last trading day company shares ended up $103.11. Exxon Mobil Corporation (NYSE:XOM) distance from 50-day simple moving average (SMA50) is 5.94%. Analysts mean target price for the company is $100.17.
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