Information storage company Western Digital was rising 8.3% after it said it would acquire the global storage unit of Japanese diversified electronics company Hitachi, Hitachi Global Storage Technologies, for about $4.3 billion.Communications company Ciena was falling 6.9% in premarket trading Monday despite reporting a narrower-than-expected loss.
Nasdaq OMX Group was rising 2.6% as the The Sunday Times reported that the London Stock Exchange is considering a takeover of the company.
Specialty retailer Urban Outfitters was rising 2.3% ahead of its expected fourth-quarter earnings report of 52 cents a share after the markets close Monday.
Vodka producer Central European Distribution was down 0.9% after being cut to underperform from outperform at Credit Suisse.
MetLife was gaining 0.7% after Barron's reported that the insurer's return on equity may rise two percentage points to 12% in the next two years.
Pfizer and Sanofi-Aventis were down 0.2% and flat, respectively, after Japan's health ministry said it halted using certain vaccines made by the drug companies after four children died after their inoculations.
Dow component AT&T was unchanged after saying Friday that Rick Lindner, its chief financial officer since 2004, plans to step down June 1.
Japan-based Mitsubishi Heavy Industries has received an order for the Macau Light Rapid Transit.
Copper, zinc and gold producer Inmet Mining announced that it and Lundin Mining have agreed to postpone their special shareholders meeting on merger plans.
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