Burlington Northern Santa Fe Corp (NYSE: BNI) surged close to 30% to a yearly high of $97.59 following news that Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) will be buying the freight rail operator for $100 per share, which places the value of the company at $44 billion.
The Black & Decker Corporation (NYSE: BDK) rallied close to 30% to a yearly high of $61.79 Â following news that the tool makers has agreed to be purchased by Stanley Works (NYSE: SWK) in an all stock deal valued at $4.5 billion.
Cognizant Technology Solutions Corp (NASDAQ: CTSH) rose over 8% to a yearly high of $42.40. Â The computer services and technology consulting company announced that its 3Q 09 profit rose roughly 21%, beating analyst estimates. Â The company also raised its 2009 profit estimate to $1.88 per share from $1.78 per share.
Landry’s Restaurants (NYSE: LNY) rose over 25% to a yearly high of $13.99.  The restaurant, hospitality and entertainment company following rose on news that the company’s chief executive, Timothy J. Fertitta has agreed to purchase the company for $14.75 per share, or $1.2 billion.
Garrett W. McIntyre
Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
