Fly Intel: Pre-market Movers

HIGHER: Amber Road (AMBR), up 27% after E2open announced a deal to acquire the company in an all-cash transaction valued at approximately $425M… Shell Midstream (SHLX), up 6% after entering into an agreement to acquire Shell’s 25.97% equity interest in Explorer Pipeline and 10.13% equity interest in Colonial Pipeline for $800M. LOWER: Uber (UBER), down 7% in its second day of trading after its disappointing IPO on Friday… Weatherford (WFT), down 58% after announcing plans to restructure through a Chapter 11 bankruptcy filing… Veritiv (VRTV), down 3% after BofA/Merrill analyst John Babcock downgraded the stock to Neutral from Buy and lowered its price target to $26 from $37… Teva (TEVA) and Mylan (MYL), down 10% and 3%, respectively, after Connecticut Attorney General William Tong led a 44-state coalition in announcing a lawsuit against Teva and 19 other generic drug manufacturers alleging a “broad conspiracy to artificially inflate and manipulate prices, reduce competition and unreasonably restrain trade for more than 100 different generic drugs.”

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