Update: Burger King (NYSE: BKW) stock finished down 4.32% Tuesday after the company's morning announcement that it will merge with Ontario-based coffee-and-donut chain Tim Hortons Inc. (USA) (NYSE: THI). THI stock closed up 8.47%.
In contrast, when news of merger talks originated on Monday, and shares in both BKW and THI enjoyed significant gains and ended that trading session up 19.51% and 18.91% respectively.
Here’s why BKW stock took a turn and finished in the red Tuesday – and why it’ll come roaring back…
Update: Burger King (NYSE: BKW) stock finished down 4.32% Tuesday after the company's morning announcement that it will merge with Ontario-based coffee-and-donut chain Tim Hortons Inc. (USA) (NYSE: THI). THI stock closed up 8.47%.
In contrast, when news of merger talks originated on Monday, and shares in both BKW and THI enjoyed significant gains and ended that trading session up 19.51% and 18.91% respectively.
Here’s why BKW stock took a turn and finished in the red Tuesday – and why it’ll come roaring back…
Despite a wide expectation that it would, Walgreen Co. (NYSE: WAG) yesterday (Wednesday) announced it would not relocate its headquarters overseas as part of a tax inversion deal designed to avoid the high U.S. corporate tax rate.
Wall Street was not amused, lopping 14.5% from the WAG stock price.
While a tax inversion would have saved the company millions in lower taxes, Walgreens in the end made the right decision.
AbbVie Inc. (NYSE: ABBV) stock was up 2.45% at noon Friday after the Chicago-based company announced it finally inked a $54.8 billion deal with Ireland-headquartered Shire Plc. (Nasdaq ADR: SHPG) after weeks of back-and-forth negotiations.
The move has strategic merit in that it gives AbbVie a much-needed new drug portfolio. But it's the substantial tax advantage that figures heavily into the equation.
Here’s why AbbVie wants Shire – and what the deal means for ABBV stock…
