Shares of Apple Inc. (AAPL) are down 0.94% this morning following a DigiTimes report that said Apple’s next iPhone has started entering the production process. The report also said suppliers have started to delivering parts to iPhone manufacturers Foxconn and Pegatron.
Alibaba Group Holding Limited (BABA) – China’s biggest e-commerce company said on Friday that its financial services arm Ant Financial has completed a private placement of shares. Reports in China had said Ant was seeking to raise up to $4 billion.
This was the first major private placement for Ant Financial, which gave no financial details of the deal.
Enzon Pharmaceuticals Inc. (ENZN) is a big mover this pre-market session with its shares spiking 8% to $1.32. On June 30, 2015 the company’s board of directors declared a special cash dividend of $0.50 per share of the company’s common stock, payable on August 12, 2015 to stockholders of record as of July 21, 2015.
Humana Inc. (HUM) – Health insurance firm Aetna (AET) announced early Friday its acquisition of smaller rival and U.S.’s second-largest provider of private Medicare insurance Humana Inc for about $37 billion, or $230 per share. Humana shareholders will receive $125 in cash and 0.8375 Aetna shares for each share they now hold.
HUM is up 2.23% to $191.70 at 8:40 a.m. EDT on Monday. AET is down 6.14% to $117.80.