Schaeffer's Trading Floor Blog

Buzz Stocks: AT&T Inc., AstraZeneca plc (ADR), Google Inc, and Cisco Systems, Inc.

Today's stocks to watch in the news include T, AZN, GOOGL, and CSCO

by 5/19/2014 8:46 AM
Stocks quoted in this article:

Amid an influx of M&A news, futures are pointed slightly lower ahead of the bell. In company news, here are some stocks to watch today:

  • AT&T Inc. (NYSE:T) agreed to buy DIRECTV (NASDAQ:DTV) in a cash-and-stock deal worth $48.5 billion, or $95 per share. "This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens -- mobile devices, TVs, laptops, cars and even airplanes," said Randall Stephenson, CEO of T, in a statement. (Reuters, via Chicago Tribune)

  • AstraZeneca plc (ADR) (NYSE:AZN) rebuffed Pfizer Inc.'s (NYSE:PFE) "final" takeover offer, which would have merged the two firms into the world's largest pharmaceutical company. The 55-pounds-per-share proposal fell short of the per-share benchmark of 58.85 pounds, which AZN Chairman Leif Johansson said was the minimum for the board to recommend the bid. (Reuters)

  • Google Inc (NASDAQ:GOOGL) is reportedly looking to buy Twitch.tv -- which allows gamers to watch others as they play various video games -- for $1 billion. According to The Wall Street Journal, talks are in preliminary stages; however, Variety says an agreement is already in place and will be announced shortly. (TechCrunch)

  • Cisco Systems, Inc. (NASDAQ:CSCO) CEO John Chambers wrote a letter to President Barack Obama last week, asking him to curb the National Security Agency's (NSA) surveillance efforts and implement new "standards of conduct," before the agency undermines confidence in the tech industry. The impetus behind the letter was a set of online pictures, which showed NSA employees opening boxes of CSCO equipment that they'd allegedly intercepted. (Reuters, via CNBC)

  • Also, Campbell Soup Company (NYSE:CPB) reported quarterly earnings. (MarketWatch)

  • Finally, the Newark Star-Ledger reports that roughly 2,000 New Jersey taxpayers have received erroneous underpayment notices from the state. However, a Department of Treasury representative said the state has chosen not to contact the affected citizens about the mistake -- meaning taxpayers must call the Department of Treasury for clarification, or risk overpaying on their 2013 taxes. (Consumerist)


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