Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
French insurer AXA is buying Bermuda-based insurance company XL Group (XL) in a deal worth $15B. The debt-financed deal prices XL at nearly $58 a share. That’s a 33% premium to Friday’s closing price. The buy comes as many insurance companies turn to takeovers to grow their business.
The US is ordering chip maker Qualcomm (QCOM) to delay its shareholder meeting this week. The Wall Street Journal reports regulators requested more time to review rival Broadcom’s (AVGO) $117B unsolicited takeover offer for the chipmaker. The rare request from Washington delays Qualcomm’s vote on whether to replace six of its directors with nominees from Broadcom.
If you’re shopping around for a new computer, Apple (AAPL) wants your business. A KGI securities analyst says the tech giant is launching a cheaper MacBook Air this year. The analyst says the new 13-inch Mac will roll out in Q2 and forecasts total shipments of MacBook models will grow 10-15% year-over-year.
Google (GOOGL) is expanding its footprint here in New York. It’s reportedly closer to reaching a deal to expand its headquarters in Manhattan’s meatpacking district. If the $2.4B sale goes through, it would be one of the priciest real estate transactions in New York City’s history.