The three most active funds and stocks in pre-market trading on the NYSE were Nexen
(NYSE:IN), and iShares FTSE China 25 Index Fund
(NYSEARCA:FXI) as of 9:20 a.m.
Investors exchanged 12.45 million shares of
Nexen, which was up $3.43, or 14.58%
. According to the New York Times
, the Canadian government will allow China National Offshore Oil Corporation to acquire Nexen for $15 billion.
3.1 million shares of Intermec, which was up $1.84, or 23.06%. Honeywell
(NYSE:HON) will buy Intermec for $603.4 million in cash, or $10 per share. This price represents
a 25% premium to Intermec's Friday closing stock price of $7.98.
Investors also traded
1.32 million shares of
iShares FTSE China 25 Index Fund, which was up $0.15, or 0.39%.
(See also Pre-Market Primer: "A Detonator That Could Blow Up the Eurozone."
No positions in stocks mentioned.