(EMAILWIRE.COM, March 09, 2010 ) Dallas, Tx - MetLife, Inc. (NYSE:MET) increased 5.09% to $40.90 on 15.60 million shares after the company announced a definitive agreement to acquire one of American International Group, Inc.`s (AIG) international subsidiaries, American Life Insurance Company (ALICO), for approximately $15.5 billion. The consideration will consist of $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities, subject to closing adjustments.
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Maguire Properties, Inc. (NYSE:MPG) also rose 16.13% to $2.16 on 7.37 million shares.
Cisco Systems, Inc. (NASDAQ:CSCO) gained 3.65% to close at $26.13 on 116.18 million shares after the company will host a live media, blogger and industry analyst webcast Tuesday, March 9, at 8:00 a.m. (PST) to make a significant announcement that will forever change the Internet and its impact on consumers, businesses and governments.
Applied Materials, Inc. (NASDAQ:AMAT) went up 0.57% to $12.36 on 29.72 million shares after the company announced that its Board of Directors has approved a 17% increase in the quarterly cash dividend to $0.07 per share, payable on June 16, 2010 to stockholders of record as of May 26, 2010. Previously, the quarterly cash dividend was $0.06 per share.
DryShips Inc. (NASDAQ:DRYS) rose 7.60% to $6.09 on 61.47 million shares.
Research In Motion Limited (USA) (NASDAQ:RIMM) advanced 5.60% to $73.39 on 27.73 after BMO Capital Markets upgraded Research In Motion to outperform from market perform and lifted its price target to $88 from $70 a share.
Sprint Nextel Corporation (NYSE:S) added 3.66% to $3.40 on 74.91 million shares.
EMC Corporation (NYSE:EMC) surged 3.08% to $18.42 on 42.15 million shares. The stock today made its new 52-week high of $18.46.
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