Boeing, Anaplan, Nielsen Holdings and more

Check out the companies making headlines before the bell:

Boeing (BA) – A Boeing 737-800 operated by China Eastern Airlines crashed in the mountains of southern China with 132 people on board, with no immediate casualties known. Boeing shares are down 5.8% in premarket trading.

Anaplan (PLAN) – Anaplan agreed to be acquired by private equity firm Thoma Bravo for $10.7 billion, or $66 per share in cash. Shares of the business-planning software company had closed at $50.59 a share on Friday, and the stock was up 28.3% premarket.

Nielsen Holdings (NLSN) – Nielsen fell 18.6% in premarket trading after receiving a $9.13 billion takeover bid at $25.40 per share from a private equity syndicate had declined. Nielsen said the offer grossly undervalues ​​the company best known for its TV ratings.

Alleghany (Y) — Berkshire Hathaway (BRK.B) is buying the insurance company for $11.6 billion in cash, or $848.02 per share, compared to Alleghany’s Friday close of $676.75 per share. Alleghany will operate as an independent subsidiary of Berkshire.

General Motors (GM) – GM bought Softbank’s $2.1 billion stake in its Cruise driverless car division. It also announced it would invest an additional $1.35 billion in cruises, replacing funds pledged by Softbank. GM initially fell more than 1% premarket, but then erased those losses.

SAP (SAP) – SAP fell 2% in premarket trading. Chief Financial Officer Luka Mucic will leave the German enterprise software company at the end of March 2023.

Manchester United (MANU) – Deutsche Bank has upgraded the football team’s shares to a buy from a hold, stating that Manchester United is undervalued compared to its peers in the sports and live events category. Manchester United is up 1.6% premarket.

Nio (NIO) – Nio said it has no immediate plans to raise prices for its electric vehicles, although the China-based automaker said it has flexibility on pricing. Competitors like Tesla (TSLA) and BYD have recently raised prices due to higher material costs.

BlackBerry (BB) – The communications software company’s stock rose 2.1% premarket after RBC upgraded it to “Sector Perform” from “Underperform,” and said the stock’s price is now more aligned with BlackBerry’s fundamentals. Boeing, Anaplan, Nielsen Holdings and more

Gary B. Graves

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