Top Five Weekend Stock Stories - Nov. 17, 2019

Catch up on the weekend's top five stories with this list compiled by The Fly:

1. HP Inc. (HPQ) announced that its board unanimously rejected an unsolicited proposal from Xerox Holdings Corporation (XRX) to acquire the company, but added that it recognized "the potential benefits of consolidation," and was "open to exploring whether there is value to be created for HP shareholders through a potential combination with Xerox."

2. Barrick Gold Corporation (GOLD) announced it reached an agreement to sell its 50% interest in Kalgoorlie Consolidated Gold Mines in Western Australia to Saracen Mineral Holdings Limited for a total consideration of $750M in cash. The transaction is expected to be completed in Q4 of 2019 and is subject to customary closing conditions.

3. PG&E (PCG) announced it is monitoring a potentially strong weather event for Wednesday, November 20. The company added that "projections reflect a possible weather event similar to previous PSPS events that impacted about 180,000 customers."

4. Twentieth Century Fox's (FOX, FOXA) auto racing biographical drama "Ford v Ferrari" easily outperformed domestic estimate of earning ~$22M in its opening weekend, earning $31M. However, Sony Pictures' (SNE) action comedy reboot "Charlie's Angels" finished in third place in its opening weekend with $8.6M domestically, well below expectations of a $13M open.

5. Broadridge Financial Solutions (BR) and Medtronic (MDT) saw positive mentions in this week's edition of Barron's, while Disney (DIS) and Berkshire Hathaway (BRK-A, BRK-B) saw negative mentions.

Disclosure: None.

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