Fly Intel: Pre-market Movers

HIGHER: Zayo Group (ZAYO), up 9% after announcing an agreement to be acquired by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund for $35 in cash per share… Andeavor Logistics (ANDX), up 4% after entering into a definitive merger agreement whereby MPLX (MPLX) will acquire Andeavor in a unit-for-unit transaction at a blended exchange ratio of 1.07x. This represents an equity value of approximately $9B and an enterprise value of $14B for the acquired entity. MPLX is down 4% following the deal announcement. UP AFTER EARNINGS: Electronic Arts (EA), up 8%… Office Depot (ODP), up 3%… Wendy’s (WEN), up 2%… McKesson (MCK), up 3%. DOWN AFTER EARNINGS: Coty (COTY), down 5%… HubSpot (HUBS), down 3%… Inogen (INGN), down 31%… Potbelly (PBPB), down 16%.