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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

EARLY MOVERS: Logitech International SA logs a bit lower as talks on possible acquisition of Plantronics Inc end; Facebook in the frame - again

Other stocks in focus in pre-market include retailers due to Cyber Monday and STMicroelectronics NV

Wall Street shares are set to head north on Cyber Monday, which is naturally a trending topic in the webworld on the day.

One firm in focus before the New York bell was Logitech International SA (NASDAQ:LOGI), which saw shares shed 0.64% to $32.41.

It comes as the group, a Swiss manufacturer of computer keyboards, has reportedly ended discussions to acquire Plantronics Inc (NYSE:PLT) - the maker of Bluetooth earpieces and gaming headsets.

The companies confirmed on Sunday the talks had happened, but also revealed they had now been terminated.

Plantronics revealed in a statement that the well-known tech firm Logitech had approached it regarding a potential acquisition and that it engaged in discussions but would deliver on its strategy as a stand-alone company.

SCANA Corp (NYSE:SCG) shares added 3.52% to $45.61 in pre-market trade as the firm and South Carolina Electric & Gas Co. have agreed to pay more than $2 billion to settle a class action lawsuit related to failed V.C. Summer nuclear project.

SCANA abandoned the V.C. Summer nuclear plant in Fairfield County in August last year.

SCANA, which is in a deal to merge with Dominion Energy, said it and South Carolina Electric & Gas Co. deny the allegations made in the lawsuit, but have agreed to resolve the matter.

Elsewhere, STMicroelectronics NV (NYSE:STM), the computer chip maker, saw shares nudge up in pre-market as it updated on the progress of its share buy-back program.

This month, the group launched a share buy-back program of up to $750 million, which represents around 5.2% of the share capital, which is to be carried out within three years.

In other tech news, Facebook Inc (NASDAQ:FB) shares added 1.06% to $133.13 after news emerged at the weekend that a cache of Facebook documents has been seized by MPs investigating the Cambridge Analytica data scandal.

It came after rarely used parliamentary powers were deployed to demand that the boss of a US software firm Six4Three hand over the details as he was intercepted on a trip to London.

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