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Morning Market Snapshot: June 24, 2011

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Good Morning. It's Friday, June 24, 2011. At this hour, U.S. equity futures are up. Overseas, the Asian markets advanced, while the European markets are mostly higher. Williams Cos. (NYSE:WMB) announced that it proposed to acquire all of the outstanding shares of Southern Union Company (NYSE:SUG) for $39.00 per share in cash, for a total enterprise value of $8.7B. Oracle (NASDAQ:ORCL) CEO Larry Ellison says acquisitions are not attractively priced now. Oracle sees growth of Exadata and Exalogic spurring top-line and bottom line results. Micron (NYSE:MU) sees continued pricing pressure in DRAM. Campbell Soup (NYSE:CPB) announced a $1B share repurchase program. Kaiser Aluminum (NASDAQ:KALU) and Airbus (PINK:EADSY) reached a long-term supply agreement. Sears Holdings (NASDAQ:SHLD) announced Orchard Supply Hardware filed for spin off. SeraCare Life Sciences (NASDAQ:SRLS) acknowledged the receipt of an unsolicited offer from MSMB Capital proposing to purchase all of the outstanding shares of SeraCare for $4.25 per share.
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