UnitedHealth, Norcraft Companies shares gain on acquisitions news

April 4, 2015 at 4:58PM

Prescribed buyout: Minnetonka-based UnitedHealth Group jumped 2.1 percent Monday, to $120.54 after it said it would buy pharmacy benefits manager Catamaran Corp. Shares closed the week at $117.36. Catamaran vaulted 23.9 percent, to $59.89, settling at $59.26 at week's end.

Kitchen remodel: Fortune Brands Home & Security was up 5.5 percent, to $46.71 Monday when it said it agreed to buy Eagan kitchen and bathroom cabinet maker ­Norcraft Companies for about $600 million in cash. Fortune Brands closed the week at $46.88. Norcraft gained 11.4 percent Monday, to $25.52, and closed the week at $25.74.

Bigger pharma: Shares in Auspex Pharmaceuticals soared 41.8 percent Monday after it agreed to be acquired by Teva Pharmaceuticals Industries for about $3.2 billion in cash. Auspex gained $29.62 to $100.53.

Driving profits: CarMax climbed 9 percent, to $74.73, after the dealership operator said Thursday that profits rose sharply in the latest quarter as purchases of used vehicles increased.

Cable consolidation: Shares in Charter Communications jumped 7.2 percent, to $196.59 Tuesday after it agreed to buy fellow cable operator Bright House Networks in a $10.4 billion deal. Charter shares closed the week at $189.57.

Timely profit: Movado Group surged 13.6 percent, to $29.12, after the luxury watch maker Tuesday reported better-than-expected fourth-quarter profits and raised its quarterly dividend by 10 percent. Shares ended the week at $31.53.

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