Kolkata, West Bengal -- (SBWIRE) -- 09/27/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on eBay Inc (NASDAQ:EBAY), Vale SA (ADR)(NYSE:VALE).
eBay Inc (NASDAQ:EBAY) shares gained 4.48% to $56.64. The company on Sept. 26 announced that it has agreed to acquire Braintree, the innovative global payment platform powering the next generation of leading online and mobile-first startups, for total consideration of approximately $800 million in cash. eBay Inc. plans to acquire Braintree, an innovative global payments platform. Braintree will join the company's PayPal business unit.
Additionally, eBay, one of the world's largest online marketplaces and Argos, the UK's leading general merchandise retailer, on Sept. 24 have joined forces to offer a Click & Collect service, enabling shoppers to purchase products from selected eBay merchants and pick them up at Argos stores throughout the UK.
Should Investors Buy EBAY After Yesterday’s Jump? Find Out Here
Vale SA (ADR)(NYSE:VALE) shares gained 0.44% to $16.12. The company is selling stakes in its cargo unit for about $1.2 billion to Japan’s Mitsui & Co. and a Brazilian government fund as it seeks to focus on higher-return assets.
The iron-ore producer based in Rio de Janeiro agreed to sell a 20 percent stake in the VLI unit to Mitsui for 1.51 billion reais ($675 million) and 15.9 percent to the FI-FGTS fund managed by state-owned bank Caixa Economica Federal for 1.2 billion reais, according to a regulatory filing today. Vale said it’s also in exclusive talks with Canada’s Brookfield Asset Management Inc. (BAM/A) to sell about 26 percent of VLI. Its stake would drop to less than 40 percent after all the deals, Vale said on Sept. 18.
How Should Investors Trade VALE After The Recent Volatility? Get Free Trend Analysis Here
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