ENB - Hot Stocks: CXP gets bought; ELY raises guidance; YI buyback; VRTX downgrade; END makes purchase

A couple of multi-billion-dollar deals drew discussion on Wall Street during Tuesday's midday trading. Columbia Property Trust (NYSE:CXP) signed a deal to be acquired, while Enbridge (NYSE:ENB) announced a $3B purchase. Elsewhere, an increased forecast bolstered shares of Callaway Golf (NYSE:ELY). 111 Inc. (NASDAQ:YI) also gained ground, as news of a stock repurchase plan sparked a double-digit percentage rally. On the downside, Vertex (NASDAQ:VRTX) was a noteworthy loser on the day. Shares slipped following a negative analyst comment. Columbia Property Trust (CXP) jumped more than 15% in midday trading after the company announced a deal to be acquired by Pacific Investment Management Co., or PIMCO. The purchase price for the deal consists of $19.30 per share in cash. This leads to a total value of $3.9B, including debt. Another multi-billion-dollar deal was announced by Enbridge (ENB). The Canada-based pipeline company said it will acquire Moda Midstream Operating for $3B in

For further details see:

Hot Stocks: CXP gets bought; ELY raises guidance; YI buyback; VRTX downgrade; END makes purchase