Rio Tinto plc (ADR) (NYSE:RIO) fell 1.01% to $70.25. Rio Tinto plc
and Riversdale Mining Ltd announced that they have entered into a Bid
Implementation Agreement (BIA) for a cash offer (the Offer) by Rio Tinto to
acquire all of the issued and outstanding shares of Riversdale by way of a
recommended off-market takeover offer. The Offer price of AUD16 per share
values Riversdale at approximately AUD3.9 billion.
In the past
one month of trading sessions, the stock jumped more than 8%.
Micron Technology, Inc. (NASDAQ:MU) lost 3.44% to $7.99. The company has
Price/Sales ratio of 0.97. The stock has the 50- Day Moving Average and 200-Day
Moving Average prices of $7.86 and $7.84 respectively. At current market price,
the market capitalization of the company stands at $7.97 billion.
So far this year, the stock is down more than
Verizon Communications Inc. (NYSE:VZ) added 0.82% to $35.47. Verizon
Communications Inc. is a provider of communications services. Verizon operates
in two segments: Domestic Wireless and Wireline.
Wall Street price target on the stock is $34 and the high target is set at $39.
The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $33.19
and $30.83 respectively.
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