Diamonds and Dogs
The Bard is the diamond. The medical products firm C.R. Bard (BCR) is up 20% after agreeing to be acquired by medical supplies giant Becton Dickinson. The two companies say the combination will create a highly differentiated medical technology company uniquely positioned to improve both the process of care and the treatment of disease for patients and healthcare providers. A good day to announce a merger.
Gold a little less shiny today. Gold Fields (GFI) is down 5% while AngloGold Ashanti (AU) is down 3% following a downgrade at RBC. Gold in general is lower as well following pro-growth and pro-West elections in France over the weekend.