Company News for April 12, 2010 - Corporate Summary
• Mirant Corp (NYSE:MIR) agreed to a merger with rival RRI Energy (NYSE:RRI) in an all-stock deal valued at $3.1 billion
• UBS (NYSE:UBS), ahead of a likely contentious Wednesday shareholders meeting, preannounced estimated pretax profits of at least $2.36 billion for the first quarter
• Halliburton (NYSE:HAL) announced plans to acquire Boots & Coots (NYSE:WEL) for $3.00 per share
• Baird upgraded Caterpillar (NYSE:CAT) from "neutral" to "outperform" and lifted the price target from $60 to $88
• Credit Suisse (NYSE:CS) upgraded Texas Instruments (NYSE:TXN) from "neutral" to "outperform," and boosted the price target from $24 to $32
• Deutsche Bank (NYSE:DB) downgraded Freeport-McMoRan (NYSE:FCX) from "buy" to "hold," dropping the price from $110 to $95
• According to reports Palm (NASDAQ:PALM) is planning to sell itself and is looking for bids as soon as this week
• Fitch Ratings Service raised its ratings outlook for Transocean Inc (NYSE:RIG) from "stable" to "positive" as a result of the firm's efforts to lower debt levels
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
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