Burlington Northern Santa Fe Corp (NYSE: BNI) surged close to 30% to a yearly high of $97.59 following news that Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) will be buying the freight rail operator for $100 per share, which places the value of the company at $44 billion.
The Black & Decker Corporation (NYSE: BDK) rallied close to 30% to a yearly high of $61.79 following news that the tool makers has agreed to be purchased by Stanley Works (NYSE: SWK) in an all stock deal valued at $4.5 billion.
Cognizant Technology Solutions Corp (NASDAQ: CTSH) rose over 8% to a yearly high of $42.40. The computer services and technology consulting company announced that its 3Q 09 profit rose roughly 21%, beating analyst estimates. The company also raised its 2009 profit estimate to $1.88 per share from $1.78 per share.
Landry’s Restaurants (NYSE: LNY) rose over 25% to a yearly high of $13.99. The restaurant, hospitality and entertainment company following rose on news that the company’s chief executive, Timothy J. Fertitta has agreed to purchase the company for $14.75 per share, or $1.2 billion.
Garrett W. McIntyre
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