3 Dow Movers Seeing Action Today
Cisco Systems (NASDAQ:CSCO) purchases the cloud managed networking solutions creator Meraki for around $1.2 billion while shares of network access solutions developer Aruba Networks (NASDAQ:ARUN) fall back. The buyer said that the acquisition would help it facilitate network management, enable the mobile workforces of its customers, and bring new revenue opportunities for partners.
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Chevron Corporation (NYSE:CVX): Total (NYSE:TOT) will divest its 20 percent contractor interest in OML 138 block to a wholly owned subsidiary of Sinopec (NYSE:SNP) for a price of about $2.5 billion in cash, with the transaction subject to approval by authorities in Nigeria. The block contains the Usan field, which began output in February. The Nigerian National Petroleum Corporation is the block concession holder with Chevron Petroleum Nigeria, Nexen Petroleum Nigeria (NYSE:NXY), and Esso E&P Nigeria.
AT&T’s (NYSE:T) $39 billion T-Mobile deal was killed and then Deutsche Telekom (DTEGY) waited only two days to contact Credit Suisse (NYSE:CS), MetroPCS’s bankers, says a federal filing by the latter, as reported by the Wall Street Journal.
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