Gold Fields (GFI) agreed to buy the Canadian gold miner in an all-stock deal that was worth $6.7 billion.
Investors in Yamana Gold will get 0.6 shares of Gold Fields for each offer they already own. Yamana jumped 14.9% before the market opened, while Gold Fields fell 11.8%.
A report from Reuters that Credit Suisse is thinking about other ways to raise money after a string of losses was not true.
Two people who knew about this situation told Reuters that the bank was just starting to look at options, such as an offer deal or selling a specialty unit.
Credit Suisse lost 3.8% before the stock market opened.
After consumer goods company Unilever added extremist financier Nelson Peltz to its board, the company’s stock price went up by 6.4% before the market opened. Trian Fund Management, which is run by Peltz, has about a 1.5 percent stake in Unilever.
After the FDA put a preliminary link with its drug Cialis for erectile dysfunction on hold, the drug maker’s shares fell 3.7% in the premarket.
The preliminary was supposed to look at the move of the treatment from “prescription only” to “over the counter.” Sanofi said that the stop was related to how the preliminary was supposed to go.
After Morgan Stanley put Nio on its “strategic thought” list, the stock jumped 5.1% in the premarket. Nio is a Chinese company that makes electric cars.
Morgan Stanley thinks that the prices will go up as COVID limits are lifted in the Shanghai area and as the company gets more money from grants for people who buy electric cars.
The stock of the videoconferencing company was given a double makeover by Daiwa Securities, which changed its rating from “fail to meet expectations” to “beat.”
Daiwa said that the new technology setback could be a great opportunity, and that the development assumptions for Zoom now seem more reasonable. Zoom gained 1.6% in trading before the stock market opened.
The stock of the clothing store fell another 5.7% before the market opened, which came after it fell 6.6% after earnings on Friday.
Morgan Stanley changed the stock’s rating from “equal weight” to “underweight” because it thinks that less direction from American Eagle’s executives might still be too optimistic.
After Credit Suisse started trading with a “fail to meet expectations” rating, the painting company’s shares dropped 2.3% before the market opened.
The company said that private and business interest in paint could be affected by the cost of loans going up.