Consumer Shares Mixed in Late Trade; rue21 Shareholders Approve Private-Equity Buyout

By
A A A
Share |

Top Consumer Stocks

WMT -0.43%

MCD -0.83%

DIS -2.06%

CVS -1.17%

KO -0.63%

Consumer stocks are ending mixed today with shares of consumer staple companies in the S&P 500 falling about 0.4% while shares of consumer discretionary stocks in the S&P are now up about 0.1%.

In company news, rue21 ( RUE ) is up 1.2% at $41.25 a share shortly before the closing bell and shareholders today voting to approve the acquisition of the apparel retailer by funds advised by Apax Partners.

The preliminary vote tally had 99.7% of the shares voted at today's meeting siding with the $42-a-share cash buyout offer. The deal now is expected to close early next month.

In other sector news,

(+) TSLA, Deutsche Bank today raises its price target for the electric auto-maker by $40 to $200 a share.

(-) SAFM, Boosts quarterly dividend by 18% to $0.20 per share. The food processor also breaks ground on a new poultry complex in Palestine, Texas, that had been on hold due to uncertainty over grain prices and other factors.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: RUE

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

89,970,926
  • $16.15 ▲ 0.12%
77,131,582
  • $58.94 ▼ 1.31%
67,336,935
  • $26.56 ▲ 1.68%
48,814,124
  • $86.20 ▲ 0.02%
47,526,126
  • $23.21 ▲ 0.78%
44,660,424
  • $23.91 ▲ 6.36%
38,799,699
  • $4.289 ▲ 4.36%
36,199,890
  • $40.01 ▼ 0.97%
As of 4/17/2014, 04:07 PM