Stocks in progress: Couche-Tard, Oracle, BMO, Novo Nordisk, Alstom

Here is a selection of the ads that have (or will) move the prices of these companies:

(Come back and read us from time to time
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kochi tard food (ATD.TO, $48.05) announced Monday that it has reached an agreement with Pic Quick to purchase 19 convenience stores and non-operating properties in New Mexico for an undisclosed price. She said that the properties purchased by Laval are mainly located in the southern part of the United States, and represent a strategic addition to its existing network. Couche-Tard’s executive vice president of operations for North America said the acquisition would help the company build on its “robust” network in that state. He added that he was “extremely happy” to welcome the Pic Quick sites and their teams to the Circle K family in New Mexico. Financial details of the acquisition, which closed last week, were not disclosed. Couche-Tard operates more than 14,000 convenience stores in 26 countries and territories, and approximately 10,800 of these stores sell fuel.

American software publisher inspiration (ORCL, $92.92) Refunded to surround (CERN, $90.67), a company specializing in the digitization and analysis of medical data, according to a statement released by the two companies on Monday. The transaction, which is expected to be completed by the end of 2022, is valued at approximately $28.3 billion, paid in cash at $95 per share, and is the largest acquisition Oracle has ever made. Founded in 1979, Cerner provides medical data storage and analysis services to more than 27,500 healthcare facilities around the world. The company, based in Kansas City, Missouri, has more than 28,000 employees. Oracle, for its part, is a heavyweight in the enterprise software sector, which weighs nearly US$260 billion in the stock market. Long-established in California’s Silicon Valley, the group moved its headquarters to Texas at the end of 2020. On Wall Street, Oracle shares fell nearly 3% to $93.94 shortly after the acquisition was announced. Cerner shares rose 0.88 percent to $90.56.

BMO Financial Group (BMO.TO, $134.11) and its US subsidiary BMO Harris Bank on Monday announced the signing of a definitive agreement with BNP Paribas (56.66 euros) to acquire Bank of the West and its subsidiaries at a cash purchase price of $16.3 billion. BMO Financial Group wrote in a press release that when the acquisition is completed, it will bring it close to 1.8 million clients and give it a solid position in three of the five largest US markets by being present in 32 states and expanding its activities with large specialized firms nationwide. Daryl White, CEO of BMO Financial Group, believes that this acquisition is in line with BMO’s strategic, financial and cultural goals and that the institution will offer a very competitive offer in new and growing markets. BMO Financial Group believes that upon closing, the transaction should immediately increase and increase its adjusted earnings per share by more than 10% in 2024, taking into account estimated cost synergies. The transaction was approved by the Board of Directors of BMO and BNP Paribas. It is expected to close by the end of 2022, subject to customary terms and approvals.

World leader in insulin, Danish Novo Nordisk (NVO-B.CO, CAD $685.50) tumbled sharply on the Copenhagen Stock Exchange on Monday, after news of supply difficulties in the United States for an anti-obesity drug. At around 5 a.m. Quebec time, the first Danish capitalization action lost more than 8%, affecting the OMX index, which was down nearly 5%. “A subcontractor filling syringes for Wegovy pens intended for the U.S. market has temporarily halted deliveries and manufacture following GMP issues (form of regulation, editor’s note)” thus “Novo Nordisk expects to be able to meet U.S. demand within the halving.” This anti-obesity treatment was recently launched across the Atlantic, a rapidly growing sector, and has “substantially exceeded expectations,” the group noted in its third-quarter report. However, it should not be These difficulties affect annual results for Novo Nordisk, which continues to expect sales and operating profit growth of 12-15%.Novo Nordisk expects to be able to meet US Wegovy demand again in the second half of 2022.

Alstom (ALO.PA, €28.23) An additional 98 wagons will be delivered to the Belgian National Railways Corporation (SNCB), as part of an agreement signed in 2015, the railway manufacturer announced on Monday. The order amount is estimated at €268 million and is part of a 2015 framework contract for the supply of 1,362 dual-tier cars. So far, the Swiss National Bank (SNCB) has ordered a 747, Alstom specifies. “This train provides SNCB with wide operational flexibility, because its buses can either be operated as a multi-unit train, or they can be towed by a specialized engine with other types of coaches. It is indicated that these trains can reach speeds of up to 200 km/h on the Belgian power grid as well as on the cross-border lines with Holland and Luxembourg.” The power unit is developed by Alstom at its center located in Valenciennes (France), while the cars are assembled at Alstom’s sites in Bruges (Belgium) and Valenciennes (France).


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