Take a look at some of the biggest movers in the premarket:
Citrix Systems (CTXS) – Citrix is near a deal to be taken private for roughly $13 billion, according to multiple media reports. The deal would see the cloud computing company acquired by Vista Equity Partners and an affiliate of Elliott Management for $104 per share. That's below the Friday closing price for Citrix of $105.55 a share, with the stock up over the past few months on reports of takeover talks. Its shares fell 3.4% in premarket trading.
BlackBerry (BB) – The communications software company's stock tumbled 6.1% in the premarket after it announced a deal to sell its non-core patent assets for $600 million. The patents primarily involve mobile devices, messaging and wireless networking, with patents essential to its current core business not involved in the deal. The buyer is Catapult IP innovations, a special purpose vehicle formed specifically to buy those patents.
Spotify (SPOT) – Spotify shares rose 1.5% in premarket trading after the audio streaming service took steps to address the controversy surrounding its Joe Rogan podcast, which has been accused of spreading Covid-19 misinformation. Spotify publicized its platform policies and announced the creation of a coronavirus information hub.
Otis Worldwide (OTIS) – The elevator and escalator maker reported quarterly profit of 72 cents per share, 4 cents a share above estimates. Revenue essentially came in line with forecasts. Otis also said sales growth would slow this year and forecast adjusted 2022 earnings per share at $3.20 to $3.30, compared to a consensus estimate of $3.29 a share.
Walgreens (WBA) – Walgreens has kicked off the sales process for its Boots international drug store unit, according
Read more on cnbc.com