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Stock futures are pointed solidly higher today, as potentially upbeat developments between Ukraine and Russia help stoke investor sentiment. In company news, here are some stocks to watch today.
- Dollar General Corp. (NYSE:DG) put in an all-cash bid for rival Family Dollar Stores, Inc. (NYSE:FDO) for roughly $8.95 billion, or $78.50 per share, topping Dollar Tree, Inc.'s (NASDAQ:DLTR) previous per-share offer of $74.50. DG's counter-bid represents a premium of 3.2% to FDO's Friday closing price of $76.06. (MarketWatch)
- Also on the M&A front, Sensata Technologies Holding N.V. (NYSE:ST) has agreed to purchase tire-sensor issue Schrader from private equity firm Madison Dearborn Partners LLC for roughly $1 billion. Elsewhere, Ingersoll-Rand PLC (NYSE:IR) will acquire Cameron International Corporation's (NYSE:CAM) centrifugal compression arm for around $850 million. (The New York Times; Bloomberg Businessweek)
- Tesla Motors Inc (NASDAQ:TSLA) said on Friday it will extend the warranty on its Model S sedan, after Consumer Reports last week called into question technical issues surrounding the electric vehicle. The new warranty will increase coverage to eight years and unlimited mileage, matching that of the vehicle's battery pack. (Reuters)
- Apache Corporation (NYSE:APA) announced a potentially historic discovery in Western Australia after it uncovered an oil field that could hold up to 300 million barrels of crude. The country's crude production has been sliding in recent years, and the last big discovery of 127 million barrels occurred 15 years ago. (The Wall Street Journal)
- The Food and Drug Administration has approved Biogen Idec Inc's (NASDAQ:BIIB) multiple sclerosis drug Plegridy. The injectable treatment is targeted toward those with relapsing forms of the disease. (CNBC)
- Elsewhere, JinkoSolar Holding Co., Ltd. (NYSE:JKS) reported earnings. (MarketWatch)