Fly Intel: Top five weekend stock stories - InvestingChannel

Fly Intel: Top five weekend stock stories

Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. Amazon (AMZN) is among bidders for healthcare company Signify Health (SGFY), The Wall Street Journal’s Laura Cooper reported, citing people familiar with the matter. The home-health services provider is for sale in an auction that could value the company at over $8 billion, sources said. 2. Warren Buffett’s bid to boost his big stake in Occidental Petroleum (OXY) even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionaire, at least for now, The Wall Street Journal’s Akane Otani, Christopher M. Matthews, and Cara Lombardo reported. In a regulatory filing Friday, the Federal Energy Regulatory Commission said that Buffett’s Berkshire Hathaway (BRK.B) had received permission to buy up to 50% of the driller’s shares. The news stoked speculation that Berkshire could be gearing up to acquire Occidental. But Buffett hasn’t informed Occidental of any plans to acquire a controlling stake in the company, according to people close to the matter. 3. In January, GSK (GSK) turned down Unilever’s (UL) offer of about $60 billion to buy its consumer healthcare division, saying the price was too low. Six months later, the former division is a stand-alone public company called Haleon (HLN), with a market value of $29 billion – about half of what Unilever was willing to pay. That gives investors in the GSK spinoff a chance to get in at a bargain price-just over $6 for each American depositary receipt, or ADR, Josh Nathan-Kazis wrote in this week’s edition of Barron’s. 4. “Dragon Ball Super: Super Hero” won the North American box office with an estimated weekend haul of $20.1M in its debut outing. Crunchyroll, which is distributing the Japanese movie, believes the sequel will score the best global opening ever for an anime film. The sequel to 2018’s “Dragon Ball Super: Broly” is playing in over 3,100 theaters in North America. 5. PNC Financial (PNC) and Glencore (GLNCY) saw positive mentions in this week’s edition of Barron’s.

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