Apple’s Latest Acquisition Interest, Boeing’s Busy Weekend, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): AllThingsD is reporting that Apple has purchased the 3D sensing company PrimeSense in a deal valued around $345 million, according to the Israeli publication Calcalist. However, it was emphasized that the deal is not yet solidified or completed, and that it would have little material effect for investors; PrimeSense built the technology used for Microsoft’s (NASDAQ:MSFT) Kinect gaming system.
Boeing Co. (NYSE:BA): It was an eventful weekend for Boeing, which saw an expansion of its relationship with the Abu Dhabi investment fund Mubadala, a company that offers ”the opportunity to supply as much as $2.5 billion in advanced composites and machined metals to [Boeing] commercial programs, including the 787 and 777X.” Separately, a 737 crashed in the Russian city of Kazan on Monday, killing 50 passengers; the 23-year-old jet, which was owned by Tatarstan Airlines, had been trying to abort its landing when it crashed.
T-Mobile US (NYSE:TMUS): T-Mobile — just days after pricing a $1.65 billion stock offering — has announced a follow-up offering of $2 billion worth of senior notes, due 2022 and 2024. The proceeds from the sale will be used toward “general corporate purposes, including capital investments, enhancing its financial flexibility and opportunistically acquiring additional spectrum in private party transactions and/or government auctions.”
Pinnacle Foods (NYSE:PF): Pinnacle Foods has declared a 21 cent per share quarterly dividend, a 16.7 percent raise from the prior dividend of 18 cents. It has a forward yield of 2.96 percent and is payable on January 10 for shareholders of record December 2. It has an ex-dividend date of November 27.
Washington Post Co. (NYSE:WPO): The Washington Post Co. will soon be re-dubbing itself the Graham Holdings Co., effective November 29. Accordingly, the company will trade under the ticker GHC; the shift was “a foregone conclusion” after Amazon’s Jeff Bezos bought up the Washington Post newspaper and other assets.