Monsanto gains on offer from Bayer; Tribune plunges

AP News
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Posted: May 23, 2016 4:33 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:

Monsanto Co., up $4.48 to $106

Bayer of Germany offered to buy the agricultural products company for $62 billion.

Tribune Publishing Co., down $2.14 to $12.09

The Chicago-based newspaper publishing company rejected a second takeover offer from Gannett.

CaesarStone Sdot-Yam Ltd., down $5.36 to $34.97

The Israel-based maker of quartz surface products announced that its CEO is resigning to "pursue other interests."

Tailored Brands Inc., up 26 cents to $12.98

Inc. magazine reported that George Zimmer is lining up investors to buy the company he founded and was later ousted from.

Ares Capital Corp., down 36 cents to $14.83

The company announced that it would acquire American Capital for about $3.4 billion.

XenoPort Inc., up $2.48 to $6.88

The biopharmaceutical company agreed to be acquired by Abor Pharmaceuticals for $7.03 in cash.

Cigna Corp., down $5.13 to $126.15

The Wall Street Journal reported that infighting has broken out between Anthem Inc. and Cigna as the two companies seek regulatory approval for their merger.

CF Industries Holdings Inc., down $1.26 to $29.85

The company scrapped its proposed acquisition of Dutch rival OCI, a maker and distributor of industrial chemicals.