Mid-Afternoon Market Update: Given Imaging Rallies on Acquisition; Markets Mixed

Toward the end of trading Monday, the Dow traded down 0.01 percent to 16,019.65 while the NASDAQ surged 0.06 percent to 4,064.79. The S&P also rose, gaining 0.12 percent to 1,807.91.

Covidien PLC

announced its

Given Imaging

for a total of $860 million Covidien will buy all the outstanding stock of Given Imaging for $30.00 per share in cash, representing a 27% premium to the company's closing price on Friday. The deal is likely to be completed by March 31.

Given Imaging

shot up 27.12 percent to $30.07 after Covidien PLC

announced its plans to acquire Given Imaging for $30.00 per share in cash. Shares of Sysco

got a boost, shooting up 10.41 percent to $37.88 after the company announced its

US Foods for around $3.5 billion in cash and stock.. InterOil

shares rallied on Monday's session, gaining 9.73 percent to $60.90 following a massive sell off Friday. The drop triggered a series of articles and notes suggesting it may be a buying opportunity, which seemed to be fueling a relief rally on the session.

Shares of EZCORP

were down 6.31 percent to $10.31 after Sterne Agee downgraded the stock from Buy to Neutral and lowered the target price from $15.50 to $12. Newfield Exploration

was also down, falling 8.44 percent to $24.20 after it lowered its expected 2014 net production below street expectations. McDonald's

was down, falling 1.20 percent to $95.64 after the company reported a

in its US sales in November. McDonald's also reported a 0.5% rise in its global comparable sales in the month.

In commodity news,

to $97.53, while gold traded up 0.96 percent to $1,240.80. Silver traded up 1.91 percent Monday to $19.88, while copper rose 0.25 percent to $3.26.

European shares

today. The Spanish Ibex Index gained 0.83 percent, while Italy's FTSE MIB Index surged 0.49 percent. Meanwhile, the German DAX gained 0.18 percent and the French CAC 40 climbed 0.01 percent while U.K. shares fell 0.02 percent.

The TD Ameritrade IMX for November will be released today.