1
00:00:02,520 --> 00:00:07,360
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:08,560 --> 00:00:12,440
Speaker 2: The Stock Movers Report, your roundup of companies making moves

3
00:00:12,480 --> 00:00:15,880
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,560 --> 00:00:18,520
Speaker 3: Let's take a look at some stocks on the move today.

5
00:00:18,520 --> 00:00:22,279
Speaker 2: I'm Nathan Hager, joined by Bloomberg's Kritty Gupta on a

6
00:00:22,320 --> 00:00:26,400
Speaker 2: big time merger Mondaytty, Did you see a Kimberly.

7
00:00:25,920 --> 00:00:28,200
Speaker 3: Clark Kenview deal coming?

8
00:00:28,440 --> 00:00:31,440
Speaker 1: Good morning? Good morning, Nathan. It definitely wasn't on my

9
00:00:31,520 --> 00:00:33,960
Speaker 1: deal's bingo card. In fact, when I woke up this morning,

10
00:00:33,960 --> 00:00:35,400
Speaker 1: it felt like a slow news day. I think I

11
00:00:35,479 --> 00:00:38,120
Speaker 1: totally jinxed it. Yeah, so much for that, I know,

12
00:00:38,240 --> 00:00:40,199
Speaker 1: but it isn't em and a kind of Monday. I'll

13
00:00:40,200 --> 00:00:43,800
Speaker 1: start with Kimberly Clark. To your point, KMB is your

14
00:00:43,840 --> 00:00:46,840
Speaker 1: ticker for Kimberly Clark ken View, the maker of Tyl

15
00:00:46,920 --> 00:00:49,800
Speaker 1: and All, which is the spinoff of Johnson and Johnson.

16
00:00:50,720 --> 00:00:54,400
Speaker 1: Kvu ease the ticker there, cheers jumping Get this, Nathan.

17
00:00:54,840 --> 00:00:58,560
Speaker 1: Thirty five percent in the pre market after Kimberly Clark

18
00:00:58,720 --> 00:01:01,560
Speaker 1: agreed to buy the consumer health company. This isn't even

19
00:01:01,560 --> 00:01:05,400
Speaker 1: a rumor. This is happening. It's official. In a cash

20
00:01:05,440 --> 00:01:08,280
Speaker 1: and stock deal that's really valuing the company at about

21
00:01:08,280 --> 00:01:11,640
Speaker 1: forty eight point seven billion dollars in the classic M

22
00:01:11,640 --> 00:01:14,200
Speaker 1: and A arbitrage. You are seeing Kimberly Clark shares KMB

23
00:01:14,880 --> 00:01:18,279
Speaker 1: slump by as much as sixteen percent in the pre market.

24
00:01:18,360 --> 00:01:21,560
Speaker 1: So seeing quite a bit of a move there. Just

25
00:01:21,600 --> 00:01:23,120
Speaker 1: want to go through some of the deal details if

26
00:01:23,120 --> 00:01:25,160
Speaker 1: I can. Ken View holders are looking to get three

27
00:01:25,200 --> 00:01:29,120
Speaker 1: dollars and fifty cents per share and a portion of

28
00:01:29,200 --> 00:01:33,120
Speaker 1: Kimberly Clark shares per can View stock. So that is

29
00:01:33,200 --> 00:01:36,919
Speaker 1: a pretty interesting deal merger. And already you are seeing

30
00:01:36,959 --> 00:01:39,360
Speaker 1: this stuff really just I mean, the stock is just

31
00:01:39,440 --> 00:01:42,560
Speaker 1: flying this morning. kV u E like I said, a

32
00:01:42,680 --> 00:01:44,600
Speaker 1: higher it looks like it's now paired, it skates, but

33
00:01:44,600 --> 00:01:46,240
Speaker 1: now hied by twenty two percent. I was hired by

34
00:01:46,240 --> 00:01:49,320
Speaker 1: as much as thirty five percent on the news earlier.

35
00:01:49,480 --> 00:01:51,360
Speaker 1: It's not the only M and A story we've got

36
00:01:51,360 --> 00:01:53,360
Speaker 1: going on. And this is actually one of your biggest

37
00:01:53,360 --> 00:01:57,160
Speaker 1: movers to the upside. Dell is moving quite a bit

38
00:01:57,240 --> 00:02:00,880
Speaker 1: this morning. This comes after and I I mean, just

39
00:02:00,920 --> 00:02:03,280
Speaker 1: so many screens open, Nathan, I can't even keep up

40
00:02:03,320 --> 00:02:06,400
Speaker 1: this morning. But Dell Technology is rising about five percent

41
00:02:06,480 --> 00:02:10,320
Speaker 1: initially after the I want to say, iron ir een

42
00:02:10,760 --> 00:02:14,720
Speaker 1: secures a nine point seven billion dollar AI cloud contract

43
00:02:15,160 --> 00:02:18,080
Speaker 1: and they are looking to enter into agreement with Dell

44
00:02:18,480 --> 00:02:22,239
Speaker 1: to buy equipment for another set.

45
00:02:22,040 --> 00:02:23,560
Speaker 3: Of GPU systems within video.

46
00:02:23,639 --> 00:02:25,560
Speaker 1: So again that kind of spaghetti chart that I think

47
00:02:25,600 --> 00:02:28,760
Speaker 1: has been circulating in terms of cloud and the AI investments.

48
00:02:28,880 --> 00:02:31,680
Speaker 1: Let's add two more names to that, Dell Technologies d

49
00:02:31,760 --> 00:02:34,480
Speaker 1: Ell Hire by four percent this morning, trading at one

50
00:02:34,560 --> 00:02:37,200
Speaker 1: hundred and sixty eight dollars a share, almost one hundred

51
00:02:37,200 --> 00:02:38,000
Speaker 1: and sixty nine dollars.

52
00:02:38,040 --> 00:02:39,520
Speaker 3: We'll just round it up and call it even.

53
00:02:40,120 --> 00:02:43,960
Speaker 1: Iron ir een is the other ticker worth keeping an

54
00:02:43,960 --> 00:02:46,960
Speaker 1: eye on. Hire by twenty one percent this morning, seventy

55
00:02:47,000 --> 00:02:50,680
Speaker 1: three dollars and change as we speak. So lots going

56
00:02:50,720 --> 00:02:52,040
Speaker 1: on in the M and A space. Those are the

57
00:02:52,040 --> 00:02:53,880
Speaker 1: two major deals you definitely want to keep an eye on.

58
00:02:54,360 --> 00:02:56,240
Speaker 1: I do want to bring to everyone's attention one that

59
00:02:56,360 --> 00:02:57,880
Speaker 1: is taking a little bit of a hit this morning.

60
00:02:57,919 --> 00:03:00,320
Speaker 1: It's one that definitely again was not on my bingo card.

61
00:03:00,960 --> 00:03:07,720
Speaker 1: Marsh mcclennan is getting a pretty volatile reaction to a cut.

62
00:03:07,520 --> 00:03:09,640
Speaker 3: And ratings change over a bank of America.

63
00:03:09,680 --> 00:03:11,640
Speaker 1: They got cut to underperform a price target of one

64
00:03:11,720 --> 00:03:14,519
Speaker 1: hundred and eighty one dollars a share. They're currently training

65
00:03:14,520 --> 00:03:16,880
Speaker 1: at one hundred and seventy six dollars. MMC is your

66
00:03:16,880 --> 00:03:19,720
Speaker 1: ticker down about one percent. But this is making the

67
00:03:19,800 --> 00:03:21,760
Speaker 1: rounds because it looks like Bank of America, or at

68
00:03:21,840 --> 00:03:24,280
Speaker 1: least the analyst is saying that the price target is

69
00:03:24,320 --> 00:03:26,440
Speaker 1: now one to eighty one, down from two hundred and

70
00:03:26,560 --> 00:03:29,840
Speaker 1: forty three dollars they had previously, so a pretty decent

71
00:03:29,919 --> 00:03:32,919
Speaker 1: cut based on a lower outlook for their organic grold.

72
00:03:32,919 --> 00:03:36,400
Speaker 1: They're also not seeing any near term catalyst to support

73
00:03:36,600 --> 00:03:40,800
Speaker 1: the company's stock, so a pretty brutal revision of their

74
00:03:40,840 --> 00:03:44,080
Speaker 1: take on Marsh mcclennan. MMC really taking it off the

75
00:03:44,120 --> 00:03:46,200
Speaker 1: chin there, down about one percent.

76
00:03:47,440 --> 00:03:51,480
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

77
00:03:51,560 --> 00:03:54,119
Speaker 2: us throughout the day for the latest roundup of companies

78
00:03:54,200 --> 00:03:57,280
Speaker 2: making news on Wall Street and for the latest market

79
00:03:57,320 --> 00:04:01,760
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

80
00:04:01,880 --> 00:04:05,360
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

81
00:04:05,440 --> 00:04:11,600
Speaker 2: the Bloomberg Business app. MHM