RISERS
Piedmont Natural Gas (NYSE:PNY) surged 39.6% to $58.92. Duke Energy is buying the energy services company for $4.9bn in cash, or $60 per share. That represents a 42% premium for Piedmont shareholders over Friday's closing price.
Roper Technologies (NYSE:ROP) advanced 2.7% to $182.10 after the maker of software and engineered products reported adjusted quarterly profit above estimates.
FALLERS
Valeant Pharmaceuticals (NYSE:VRX) fluctuated and was last down 0.1% at $116.87. Canada’s largest pharmaceutical company said it has formed a committee to review allegations against it.
General Motors (NYSE:GM) skidded 1.5% to $35.41 after the largest U.S. automaker reached a tentative agreement with the United Auto Workers union on a new four-year contract, avoiding a strike for now.
Xerox (NYSE:XRX) slipped 1.9% to $10.15, reversing an earlier gain. The company synonymous with paper copiers and printers said it would undertake a “comprehensive review of structural options,” while it posted its first quarterly loss since 2010 on a hefty charge. Shares gained in premarket trades.
FedEx (NYSE:FDX) inched down 0.4% to $158.88, erasing an earlier increase. The package delivery company said it expects to see a record number of shipments during this year's busy holiday season, buoyed by rising retail sales and a jump in ecommerce.
Concordia Healthcare (NASDAQ:CXRX) fell 1.5% to $32.71. The Canada-based healthcasre company said it expects to more than double the size of its business following the close of its acquisition of Amdipharm Merc. on Oct. 21, forecasting revenue of $1.02bn to $1.06bn for fiscal 2016.