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|  | JANUARY 31, 2005 03:53 PM
 MARKET MOVERS MetLife to Buy Citigroup Unit SBC higher on AT&T acquisition; Exxon Mobil profits rise; plus more of Monday's stocks in the news MetLife (MET ) to acquire Citigroup's (C ) Travelers Life & Annuity and substantially all of Citigroup's international insurance businesses, for $11.5 billion. AT&T (T ) agreed to be acquired by SBC Communications (SBC ) for a total of about $16 billion, or $19.71 per share. Terms of the agreement call for AT&T shareholders to receive 0.77942 SBC share per AT&T share. Also, at the time of the deal's closing, AT&T is to pay a special dividend of $1.30 per share. Exxon Mobil (XOM ) posted $1.30, vs. $1.01 fourth-quarter earnings per share on a 26% revenue rise. Pulitzer Inc. (PTZ ) agreed to be acquired by Lee Enterprises (LEE ) in a $1.46 billion deal. Terms of the agreement give $64 cash per Pulitzer share. Creo (CREO ) agreed to be acquired by Eastman Kodak (EK ) in a $980 million deal. Terms of the agreement give $16.50 cash per Creo share. The Pentagon announced Lockheed Martin's (LMT ) Team US101 won the U.S. Navy's $1.6 billion contract to build a new fleet of presidential helicopters. Lockheed Martin is the prime contractor and systems integrator. Mattel (MAT ) posted 68 cents, vs. 49 cents fourth-quarter earnings per share on a 6% rise in worldwide net sales. Wyeth (WYE ) posted lower-than-expected 63 cents, vs. 57 cents fourth-quarter earnings per share on a 7% net revenue rise. The results excluded items and reserve-related charges for Redux and Pondimin diet drug litigation. It sees 2005 net revenue rise of 5% to 9%. ConAgra Foods (CAG ) to pay a $14 million settlement of a class action lawsuit brought in 2001 by shareholder plaintiffs, principally related to accounting matters at a former ConAgra unit, United Agri Products. Lowe's (LOW ) sets a $1 billion stock buyback. Flowers Foods (FLO ) announced a final settlement of nationwide class action lawsuit. Flowers will donate $1 million in cash and $1.5 million in bread products to charitable organizations. Costs were provided for in the first quarter of 2004. Merrill reportedly upgrades Delta Air Lines (DAL ) and AirTran (AAI ) to neutral from sell. Merrill reportedly upgrades Continental Airlines (CAL ) and America West (AWA ) to buy from neutral. Wyeth (WYE ) posted a lower-than-expected 63 cents, vs. 57 cents fourth-quarter earnings per share on a 7% net revenue rise. The results exclude items and reserve-related charges for Redux and Pondimin diet drug litigation. It sees 2005 net revenue rise of 5% to 9%. M-Sys Flash Disk (FLSH ) posted 24 cents, vs. 6 cents fourth-quarter earnings per share on a sharp revenue rise. It says due to seasonality after end of year holidays, the company sees 14 cents first-quarter earnings per share on revenue of at least $90 million. It sees 2005 earnings per share at or above $1.00, revenues of at least $450 million. Tyson Foods (TSN ) posted 14 cents, vs. 16 cents first-quarter earnings per share on a slight sales drop. The company expects market conditions to remain challenging during the first half of the fiscal year. It sees $1.05 to $1.30 fiscal 2005 earnings per share. Hilton Hotels (HLT ) posted 18 cents, vs. 11 cents fourth-quarter earnings per share from opeartions on 7% higher total revenue. It sees 2005 earnings per share in the low 70s range and revenue of $4.5 billion to $4.525 billion. The company anticipates a favorable economic environment and continuation of strong hotel demand. Kellogg (K ) posted 45 cents, vs. 46 cents fourth-quarter earnings per share as a higher tax rate offset a 12% revenue rise. The company reaffirms $2.28 to $2.32 2005 earnings per share forecast. Univision Communications (UVN ) and Time Warner's (TWX ) Cable unit, in a multi-year deal to offer all of Univision's television products to Time Warner Cable's customers nationwide. XM Satellite Radio (XMSR ) announces Nissan North America, Inc., has chosen XM to supply satellite-delivered data and telematics services to properly equipped Nissan and Infiniti vehicle navigation systems.  All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.
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