Stock Market Briefs: Xerox, Johnson & Johnson, Kraft, Cadbury, Toyota

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Stock Market Briefs: Xerox, Johnson & Johnson, Kraft, Cadbury, Toyota

By Zacks Investment Research on September 28, 2009 | More Posts By Zacks Investment Research | Author's Website

Xerox (XRX) is buying Affiliated Computer Services (ACS) for $6.4 billion or $63.11 per share, equaling $18.60 in cash plus 4.935 Xerox shares for each ACS share owned.
Johnson & Johnson (JNJ) said they have purchased 18.1% of Crucell (CRXL) for $440 million, a 30% premium to Friday’s close.
Kraft Foods (KFT) is likely to launch a hostile bid for Cadbury (CBY), in a deal worth $17.6 billion, as the London Observer noted.
Toyota Motor (TM) increased its global sales projection for 2009 by 3% to 6.7 million cars.

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