Caterpillar
said today it has agreed to buy Bucyrus in an $8.6 billion transaction, including debt. Bucyrus shareholders will receive $92 per share in cash, a 32% premium to Bucyrus' closing price Friday for a total of $7.6 billion in cash. Shares are higher by 29 percent.
EMC
agreed to purchase
Isilon Systems
for $2.25 billion, pushing it deeper into the $19 billion external-storage market. EMC expects to generate $1 billion in annual sales from the purchase by the second half of 2012. Shares are higher by 28.5 percent.
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Telestone Technologies
shares are higher following the announcement of Q3 financial results.
The networking infrastructure equipment maker to the China market reported revenue of $43.1 million and profits of $1.14 a share beating analyst estimates. The company also reaffirmed 2010 guidance for revenue of $129.4 million and profit of $2.17 a share.
The stock is higher by 25 percent.
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