Yahoo Makes Mobile Acquisition and 3 Stocks At 52-Week Highs
Texas Industries (NYSE:TXI): Closing price $66.65
Texas Industries said that its subsidiaries have completed the exchange of its expanded shale and clay aggregates manufacturing unit for the ready-mix concrete and aggregate distribution businesses of the subsidiaries of Trinity Industries in east Texas and southwest Arkansas. Resulting from the deal, Texas Industries has transferred its expanded shale and clay manufacturing facilities in Streetman, Texas; Boulder and Frazier Park, California; its DiamondPro (NYSE:R) product line; and connected assets and consideration in exchange for 42 ready-mix concrete plants from Texarkana to Beaumont, two aggregate distribution facilities in Beaumont and Port Arthur, $8.5 million in cash and related assets and consideration. Shares closed up 1.03 percent on Monday at $66.65, and have been traded in a 52-week range of $30.10 to $67.42.
Verizon Communications (NYSE:VZ): Closing price $49.16
The market-value gap has been narrowed between Vodafone Group (NASDAQ:VOD) and Verizon Communications as investors think a merger or an agreement over their domestic wireless venture more and more likely. Shares of Vodafone have risen around 12 percent since March 5, when Bloomberg said that Verizon is working to resolve their relationship in 2013, and that the firms have discussed an array of options including the idea of the United States carrier purchasing 100 percent of the Verizon Wireless venture. Shares closed up 0.29 percent on the day at $49.16, having been traded in a 52-week range of $36.80 to $49.17.
Yahoo! (NASDAQ:YHOO): Closing price $23.38
‘Yahoo! comments on its blog that “Today, we’re excited to share that we’re acquiring Summly, a mobile product company founded with a vision to simplify the way we get information, making it faster, easier and more concise. Summly solves this by delivering snapshots of stories, giving you a simple and elegant way to find the news you want, faster than ever before. For publishers, the Summly technology provides a new approach to drive interest in stories and reach a generation of mobile users that want information on the go.” The Summly team will join with Yahoo! in the coming weeks. Shares closed up 0.52 percent on the day at $23.38, and have been traded in a 52-week range of $14.59 to $23.26.
Nautilus Group (NYSE:NLS): Closing price $7.23
Headlands Strategic has reduces its passive interest in Nautilus from 5.16 to 4.14 percent. Shares closed up 1.26 percent on Monday at $7.23, having been traded in a 52-week range of $2.20 to $7.49.
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