On The Fly: Top five weekend stock stories - InvestingChannel

On The Fly: Top five weekend stock stories

Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. T-Mobile (TMUS) and Sprint (S) announced they have entered into a definitive agreement to merge in an all-stock transaction at a fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share or the equivalent of 9.75 Sprint shares for each T-Mobile US share. Based on closing share prices on April 27, this represents a total implied enterprise value of approximately $59B for Sprint and approximately $146B for the combined company. 2. Prologis (PLD) and DCT Industrial Trust (DCT) announced that the two companies have entered into a definitive merger agreement by which Prologis will acquire DCT for $8.4B in a stock-for-stock transaction, including the assumption of debt. The boards of directors of both companies have unanimously approved the transaction. 3. Any week now, Netflix (NFLX) will surpass in market value Walt Disney (DIS) as investors cheer on the streaming service’s continued subscriber growth, Jack Hough wrote in this week’s edition of Barron’s. Investors who buy Disney shares now could have a long wait before they learn whether the streaming push will result in a rebounding price/earnings ratio, but that is where a diversified business model helps, Hough noted. 4. Disney and Marvel’s “Avengers: Infinity War” opened to a record-setting $250M in North America and $380M overseas for a global total of $630M, the top worldwide debut of all time. The movie is the first to be shot entirely with Imax cameras, with Imax (IMAX) theaters delivering $41M of the total worldwide gross. “Avengers: Infinity War” earned a A CinemaScore and sports an 86% Rotten Tomatoes score. 5. Ensco (ESV) saw a positive mention in Barron’s, while Chipotle Mexican Grill (CMG) was mentioned cautiously.