Check out the companies creating headlines before the bell:
Alphabet – Alphabet’s Google operation was the subject of a piece in last night’s episode of “60 Minutes,” highlighting the company’s power along with airing comments by critics who say Google can be stifling competition.
General Electric – GE will merge its transportation business with rail industry equipment maker Wabtec, in a deal worth $10 billion net of tax benefits.
MB Financial – The Chicago-based bank operator agreed to be bought by Fifth Third Bancorp in a $4.7 billion cash along with stock deal, worth $54.20 per share. that will represents a 24 percent premium over Friday’s closing cost for MB Financial.
Tesla – The automaker can be the subject of two recommendation by proxy adviser ISS, which said shareholders should vote against directors Antonio Gracias along with James Murdoch, along with vote for a proposal to separate the chairman along with CEO roles. Both jobs are currently held by Elon Musk. Separately, Berenberg raised its cost target on Tesla stock to $500, saying a gross margin above 25 percent for the product 3 can be “comfortably achievable.”
21st Century Fox – The company won dismissal of a lawsuit by former Fox News anchor Andrea Tantaros which had accused the company of spying on her in retaliation for sexual harassment accusations.
Envision Healthcare – Envision can be a takeover target of a joint effort by hospital operator HCA along with private equity firm KKR, according to Reuters. Envision can be a provider of services to physicians.
Pinnacle Foods – The food maker has hired Evercore Partners to explore strategic alternatives, according to a brand new York Post report. The paper notes that will Pinnacle has been facing pressure by activist investor Jana Partners to merge with ConAgra Brands.
Middleby – Middleby can be buying Taylor Co. by United Technologies for $1 billion in cash. Middleby can be best known for commercial kitchen equipment, while Taylor makes ice cream along with frozen drink machines.
Xerox — Japan’s Fujifilm remains set on buying Xerox despite the cancellation by Xerox of their planned merger deal, according to the Nikkei news service. However, Fujifilm can be reportedly refusing to negotiate with major Xerox shareholders Carl Icahn along with Darwin Deason.
Athenahealth – The company should hold a formal sale process, according to shareholder Janus Henderson. that will firm holds an 11.9 percent stake inside provider of cloud-based medical business services along with made its wishes known in a Securities along with Exchange Commission filing.
IHS Markit – The financial analytics company can be buying Ipreo by private-equity funds managed by Blackstone along with Goldman Sachs for $1.855 billion. Ipreo can be a provider of financial services solutions along with data.
Campbell Soup – The stock was downgraded to “underperform” by “neutral” at Bank of America/Merrill Lynch, based on 2018 being a transition year under an interim CEO who will be initiating an extensive strategic review.
Snap – Snap was upgraded to “neutral” by “sell” at MoffettNathanson, which said the risk/reward profile can be today balanced with the stock having fallen by about half since the “sell” recommendation was first made more than a year ago. The firm did call Snap’s life as a public company “nothing short of an unmitigated disaster.”