09:18 AM EDT, 06/24/2024 (MT Newswires) -- Consumer stocks were steady pre-bell Monday with the Consumer Discretionary Select Sector SPDR Fund ( XLY ) inactive and the Consumer Staples Select Sector SPDR Fund ( XLP ) modestly higher.

Sonoco Products ( SON ) said it has entered an agreement to acquire Eviosys, a European manufacturer and supplier of metal packaging, from KPS Capital Partners for about $3.9 billion on a cash-free, debt-free basis. Sonoco Products ( SON ) was more than 1% lower premarket.

Target ( TGT ) said it has agreed to sell products from the platform Shopify ( SHOP ) on its third-party digital marketplace, Target Plus. Shopify ( SHOP ) was up more than 1% pre-bell.

Under Armour ( UAA ) fell past 3% after saying late Friday it has agreed to pay $434 million to resolve a securities class action litigation filed in 2017.