China's market selloff sent domestic markets tumbling to a sharply lower close with the Dow skidding 127 points to 17,440. Nasdaq plunged 48 points to 5,039.
On the upside
Magnetek (Nasdaq: MAG) will be acquired by Columbus McKinnon for a premium of approximately $188.9 million.
Beacon Roofing Supply (Nasdaq: BECN) will pay approximately $1.1 billion to acquire Roofing Supply Group.
Cryoport (Nasdaq: CYRX) expanded its portfolio of programs to include 45 clinical trials.
On the downside
A. M. Castle & Co. (NYSE: CAS) will be replaced on the S&P SmallCap 600 after market close on Friday, July 31.
First Majestic Silver (NYSE: AG) will acquire SilverCrest Mines.
Freeport-McMoRan (NYSE: FCX) reached an agreement with the Indonesian government for a six month export extension but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 dropped 12 points to 2067. Bitcoin added$2 to $291.
China's selloff weighs down markets
July 27, 2015 at 18:20 PM EDT