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Corporate Summary

•    Shares of Seagate Technology PLC (NASDAQ:STX) rose more than 0.6%, after the company revealed it was purchasing Xyratex Ltd. (NASDAQ:XRTX) for nearly $374 million. Following the announcement, Xyratex shares also rose, by 27%

•    Taminco Corp (NYSE:TAM) disclosed it would widen its product range by purchasing the formic acid division of Kemira Chemicals, Inc. for about 140 million euros or $191 million.

•    Shares of The Men's Wearhouse, Inc. (NYSE:MW) dropped nearly 1%, after Jos. A. Bank Clothiers Inc. (NASDAQ:JOSB) rejected Men's Wearhouse’s $1.5 billion purchase proposal.

•    The Walt Disney Company (NYSE:DIS) has said Twitter Inc. (NYSE:TWTR) co-founder Jack Dorsey will join its board as an independent member
 

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