The markets opened mixed with the Dow losing 22 points to 17,718 while Nasdaq rose 8 points to 4,744 as crude oil prices slipped.
On the upside
Krispy Kreme Doughnuts (NYSE: KKD) will be taken private by JAB Holding for a premium of approximately $1.35 billion in cash.
Shares of Paragon Shipping (Nasdaq: PRGN) continued soaring.
Horizon Pharma (Nasdaq: HZNP) reported a smaller than expected loss for the first quarter as revenue rose.
On the downside
LendingClub (NYSE: LC) chief executive Renaud Laplanche resigned for violating the company's business practices.
Casablanca Capital sold its equity position in Cliffs Natural Resources (NYSE: CLF) after the death of Casablanca Capital co-founder Donald Drapkin.
Investors locked in profits on ArcelorMittal (NYSE: MT).
In the broad market, advancing issues were on par with decliners on the NYSE while advancers edged out decliners by a margin of 7 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2,060. Bitcoin added $1 to $456.
