Major markets were mixed in midday trading Wednesday with just the Nasdaq trading in the green. The S&P 500 and Dow Jones Industrial are heading lower as investors await the outcome of the eurozone finance ministers meeting on the Greek situation. Shares of Pier 1 Imports (PIR) are off their lows but still collapsing after the company slashed its 2015 earnings outlook. Separately, the company announced the retirement of its CFO. Deals news are driving stocks higher including Rite Aid (RAD). The drug store chain is buying EnvisionRx, a pharmacy benefit manager for about $2 billion. Lions Gate (LGF) is spiking on news it has agreed to a stock swap deal with affiliates of John Malone. In the deal, Malone also gets a seat on Lion Gate’s board.
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