Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Hershey (HSY) is getting into the health food space. The chocolate maker is buying SkinnyPop parent Amplify Snack Brands for $1.6B. Hershey will pay $12 per share. That’s a 71% premium to Friday’s closing price. The buy strengthens Hershey’s presence in snack food aisles across the country as the company looks to diversify its product lineup.
Health insurer Humana (HUM) and two private equity firms are reportedly in advanced talks to buy the acute care provider Kindred Healthcare. The deal, which would value Kindred at $9 a share, could be announced as early as next week.
Toyota’s (TM) future is electric. The carmaker says it will market more than 10 all-electric models in the early 2020s. To do that, it’s looking beyond its partnership with Panasonic to insure it can meet its battery needs. The second-largest automaker maker by sales says electric vehicles will make up half its global sales by 2030.
Amazon (AMZN) is in some hot water overseas. The UK’s Advertising Standards Authority is looking to investigate the e-commerce giant after multiple Prime members claimed they weren’t receiving their packages in time. In the UK, Prime promises subscribers “unlimited one-day delivery.”
Investors are keeping an eye on CSX Corp (CSX), the third-largest railroad in the United States. Shares are lower after the death of CEO Hunter Harrison over the weekend, a day after he took a medical leave of absence. Jim Foote will be the acting CEO. Harrison was in the midst of overhauling the company to boost profits.