|
|
Article: United States: Denbury Acquires Encore for $4.5 B; Ford Surges.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: manish03
Ford Motor Company led gainers in the S&P 500 index with a rise of 9.5%. Ford Motor Co swings to a profit in the third quarter of $997 million. Denbury Resources agreed to acquire Encore Acquisition Corp for $4.5 billion in an exchange of cash and stock.
Of the stocks in S&P 500 index, 338 increased, 156 declined and 6 were unchanged.
Denbury Resources Inc led the decliners in the S&P 500 index with a loss of 7.6% followed by losses in Dean Foods Company of 6.7%, in Office Depot, Inc of 4.1%, in Moody s Corporation of 2.9% and in Wynn Resorts, Limited of 2.6%.
Ford Motor Company led gainers in the S&P 500 index with a ...