Information provided by Theflyonthewall.com Apple
) shares advanced 2% to over $677 after a jury awarded the company $1.05 billion in damages after determining that rival Samsung
) infringed on six of its patents.
Shares of Microsoft
) and Nokia
) also gained after the ruling and Google's
) stock slid as investors bet on the wide array of expected winners and losers on the fall-out from the landmark patent case.
) and Dollar Thrifty
) came to a final agreement for their discussed merger, with Hertz set to buy Dollar Thrifty for $87.50 per share in cash. The deal was applauded by shareholders of both, with Hertz rising about 11% to $14.58 and Dollar Thrifty gaining over 7% to $87.
Among the other notable gainers Monday were a number of other companies involved in buyouts and mergers: Kenexa
) surged 41% to $45.83 after agreeing to be acquired by IBM
) for $46 per share in cash and Hudson City Bancorp
) rose 16% to $7.48 following its agreement to merge with M&T Bank
Also higher were shares of Best Buy
), up over 5%, after the company's board agreed to a deal permitting founder Richard Schulze to conduct due diligence as part of his offer to take the company private.
Among the noteworthy losers was Universal Display
), down nearly 7% near noon following the Apple/Samsung patent ruling, though Universal was defended at Goldman Sachs and Cowen. Also lower were shares Deltek
), down about 8% to $12.93, after the company agreed to be acquired by Thoma Bravo for $1.1 billion, or $13 per share in cash.
(Microsoft owns and publishes Top Stocks, an MSN Money site.)