Check out the companies making headlines before the bell:
Dave & Buster’s Entertainment – Dave & Buster’s reported quarterly profit of $1.13 per share, missing consensus estimates by a penny a share. The restaurant chain’s revenue also fell short of forecasts, as comparable sales declined by 0.3%. The company also lowered its full-year forecast.
Raytheon, United Technologies – The merger deal between the defense contractors is opposed by activist investor William Ackman, who owns a significant position in United Technologies. Ackman wants the company to call off the deal, according to a letter sent to CEO Greg Hayes and seen by The Wall Street Journal. Ackman said the deal makes no strategic sense.
Medidata Solutions – The medical cloud software company agreed to be acquired by French software maker Dassault Systems for $5.8 billion in cash or $92.25 per share. Medidata had closed Tuesday at $94.75.
PepsiCo – PepsiCo executive Laxman Narasimhan was named the new chief executive officer at British consumer products giant Reckitt Benckiser. Narasimhan is PepsiCo’s global chief commercial officer, and will become CEO at Reckitt on September 1.
Qualcomm – Qualcomm is running into opposition, as attempts to put an antitrust decision against the chipmaker on hold while it pursues an appeal. Both the Federal Trade Commission and Korea’s LG Electronics registered their opposition, with LG saying it was worried it might be
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