Morning Movers: T, TWX, BEAV, COL

 | Oct 24, 2016 | 8:39 AM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:








Shares of AT&T (T)  were slumping about 2% before the opening bell Monday on news that the proposed $85 billion acquisition of media giant Time Warner (TWX)  may face antitrust hurdles.

The Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights is slated to review potential antitrust obstacles in November. Regulators will consider whether the historic tie-up would create a global media behemoth with an anti-competitive share of the global market for television content and distribution rights. Republican Senator Mike Lee of Utah, who will be chairing the panel, noted the deal could potentially raise "significant antitrust issues, which the subcommittee would carefully examine." Shares of Time Warner were also down about 1% in premarket trading.

Meanwhile, shares of Growth Seeker holding B/E Aerospace (BEAV)  were surging on merger chatter, after Rockwell Collins (COL) unveiled a $6.4 billion bid to acquire the Wellington, Fla.-based manufacturer of passenger aircraft parts. Rockwell Collins CEO Kelly Ortberg noted the "transformational acquisition" is part of the company's broader strategy to expand its stake in the market for commercial aviation through a broader offering of cabin and cockpit components. 

Under the terms of the agreement, shareholders of B/E Aerospace would receive $62.00 per share -- a combination of $34.10 in cash and $27.90 in shares of Rockwell Collins -- a 22.5% premium to B/E Aerospace's closing price Friday. Shares of B/E Aerospace were up 16% before the opening bell Monday, while Rockwell Collins' shares were trading down slightly.

Overall, U.S. markets were up slightly in premarket trading, with the Dow Jones Industrials and S&P 500 each rising roughly 0.5%, despite a 1% slide in crude oil to $50.30 a barrel.

Columnist Conversations

View Chart »  View in New Window » View Chart » 
Hug declines in Advance Auto Parts (AAP) and Dick's Sporting Goods (DKS) made for great chances to buy stock a...
Pepsi is trading at new all time highs today. The stock is up 0.7% and is taking out major resistance near the...
FIBOCALL: AAP down 22% "FIBOCALL: AAP opens much lower today. We took a look way back to see where support ...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.