The markets opened mixed with the Dow rising 25 points to 12,195 while Nasdaq fell 10 points to 2774. Mergers and acquisitions buoyed investor sentiment even as escalating violence in Libya sparked another surge in crude oil prices.
On the upside
Accuray (Nasdaq: ARAY) will pay approximately $277 million in cash and stock to acquire TomoTherapy (Nasdaq: TOMO).
Western Digital (NYSE: WDC) will purchase the hard disk drive business of Hitachi in a cash and stock deal valued at approximately $4.3 billion.
Fortune reported that Sprint (NYSE: S) may offer the Google smartphone with 4G and WiMAX.
On the downside
