C&J Energy Services shares gain on deal

Business | 18 Jun 2019 11:26 am

Oilfield services company C&J Energy Services surged by 20 percent after announcing it is being bought by rival Keane Group in an all-stock deal. LegacyTexas Financial Group rose roughly 2 percent after it announced a US$2.1 billion cash and stock sale to regional bank Prosperity Bancshares.

Align Technology fell more than 6 percent after the medical device maker ended discussions about a potential distribution deal with Straumann Group. The company focuses on products for the dental industry. The deal was initially part of a patent dispute settlement with a unit of Straumann. Instead, Align will receive a US$16 million payment.

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