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Friday, December 12, 2014

Deals of the day- Mergers and acquisitions, (NASDAQ: ADBE)

The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Friday:** China Communications Construction Co Ltd (CCCC) has agreed to purchase a building unit of Leighton Holdings Ltd for A$1.15 billion ($951 million), gaining a foothold in Australia ahead of an anticipated construction flurry.** Photoshop maker Adobe Systems Inc said it would buy stock photography company Fotolia for $800 million.

Adobe Systems Incorporated (Adobe) is a diversified software company. Shares of ADBE traded higher by 9.06% or $6.32/share to $76.06. In the past year, the shares have traded as low as $57.02 and as high as $74.69. On average, 3332140 shares of ADBE exchange hands on a given day and today's volume is recorded at 12437939.