Top Consumer Stocks:
WMT, +0.1%
MCD, +0.5%
DIS, -0.04%
CVS, flat
KO, +0.2%
Consumer stocks were mostly higher in Tuesday's pre-market trading .
In sector news, Buffalo Wild Wings ( BWLD ) rose 6.5% after it said it has been acquired by Arby's Restaurant Group for $157 a share in a transaction valued at $2.9 billion that includes BWLD's net debt. The transaction has been approved by both companies' boards of directors. Arby's CEO Paul Brown called Buffalo Wild Wings "distinctive and successful" and said he looks forward to "leveraging the combined strengths of both organizations into a truly differentiated and transformative multi-brand restaurant company." Arby's Restaurant Group is majority owned by Atlanta-based private equity firm Roark Capital Group,
In other sector news,
(+) UN, UL (+1.4% ) Board says single structure in best interests of company
HRL (flat) Raises FY18 targets after closing $850 million Columbus Manufacturing buy
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
