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All Posts Term: strong earning report
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Deal News and Earnings Allow Share Prices to Soar

Pride International

A number of huge acquisitions coupled with a strong earning report from Loews Corporation has allowed share prices to soar.

Pride International Incorporation has managed to gain 16% after Ensco PLC an oil rig operator based in London announced that it would acquire offshore driller for a whooping $7.3 billion.

Beckman Coulter also jumped 16% after Danaher Corporation announced that it was planning to acquire the company for $ 5.8 billion. Beckman Coulter Manufacturers medical diagnostic test equipment.

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