StreetInsider.com Pre-Open Movers 09/10
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StreetInsider.com Pre-Open Movers:
KMG America Corporation (NYSE: KMA) 64.8% HIGHER;: Humana Inc. (NYSE: HUM) signed a definitive agreement to purchase KMG America Corporation for cash consideration of $6.20 for each outstanding share of KMG. Shares of KMA closed at $3.49 on Friday.
Chelsea Therapeutics International, Ltd. (Nasdaq: CHTP) 11.3% HIGHER; Resolves Bioavailability Issue and Reports Greater Than 10-Fold Improvement in Relative Bioavailability of New CH-1504 Formulation
Halozyme Therapeutics Inc. (Nasdaq: HALO) 10.3% HIGHER; Baxter International Inc. (NYSE: BAX) and Halozyme entered into an agreement to apply Halozyme's proprietary Enhanze Technology to the development of a subcutaneous route of administration for Baxter's GAMMAGARD LIQUID 10%
Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) 7% HIGHER; Reaches Agreement on Special Protocol Assessment with FDA for Phase 3 Trial of Oral Deforolimus
Apple Inc. (Nasdaq: AAPL) 3.7% HIGHER; sells one millionth iPhone
Rambus Inc. (Nasdaq: RMBS) 3.6% HIGHER; Reaches Settlement in Securities Class Action
CB Richard Ellis Group (NYSE: CBG) 3% LOWER; CB Richard Ellis downgrades to Neutral
Bear Stearns Companies Inc. (NYSE: BSC) 2.5% HIGHER; Joseph Lewis/Aquarian Investments disclosed a 6.97% stake (8,096,942 shares) in the company. The aggregate purchase price for the 8,096,942 shares was approximately $860,403,183. Lewis is a British billionaire and is the 486th richest person in the world according to Forbes' 2006 list.
Intel Corp. (Nasdaq: INTC) 2% HIGHER; boosts revenue forecast range. Sees Q3 revenues of $9.4-$9.8 billion, had seen $9-$9.6 billion.
Blue Coat Systems Inc. (Nasdaq: BCSI) 1.5% LOWER; Stifel Nicolaus downgrades Blue Coat Systems to Hold saying while fundamentals remains positive, the risk/reward is more challenging.
Countrywide Financial (NYSE: CFC) 1.2% LOWER; announced plans for a workforce reduction of 10,000 to 12,000 over the next three months representing up to 20 percent of its current workforce.
Central Garden & Pet Company (NASDAQ: CENT) INDICATED LOWER; announced that it will offer 10,000,000 shares of Class A common stock to the public. Central also announced that it currently expects operating earnings for the fiscal fourth quarter ended September 29, 2007 to be in the range of $0.07 to $0.09 per fully diluted share and for fiscal 2007 to be in the range of $0.54 to $0.56 per fully diluted share, excluding any unforeseen year-end adjustments or non-cash charges. The consensus is $0.12 and $0.61.
KMG America Corporation (NYSE: KMA) 64.8% HIGHER;: Humana Inc. (NYSE: HUM) signed a definitive agreement to purchase KMG America Corporation for cash consideration of $6.20 for each outstanding share of KMG. Shares of KMA closed at $3.49 on Friday.
Chelsea Therapeutics International, Ltd. (Nasdaq: CHTP) 11.3% HIGHER; Resolves Bioavailability Issue and Reports Greater Than 10-Fold Improvement in Relative Bioavailability of New CH-1504 Formulation
Halozyme Therapeutics Inc. (Nasdaq: HALO) 10.3% HIGHER; Baxter International Inc. (NYSE: BAX) and Halozyme entered into an agreement to apply Halozyme's proprietary Enhanze Technology to the development of a subcutaneous route of administration for Baxter's GAMMAGARD LIQUID 10%
Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) 7% HIGHER; Reaches Agreement on Special Protocol Assessment with FDA for Phase 3 Trial of Oral Deforolimus
Apple Inc. (Nasdaq: AAPL) 3.7% HIGHER; sells one millionth iPhone
Rambus Inc. (Nasdaq: RMBS) 3.6% HIGHER; Reaches Settlement in Securities Class Action
CB Richard Ellis Group (NYSE: CBG) 3% LOWER; CB Richard Ellis downgrades to Neutral
Bear Stearns Companies Inc. (NYSE: BSC) 2.5% HIGHER; Joseph Lewis/Aquarian Investments disclosed a 6.97% stake (8,096,942 shares) in the company. The aggregate purchase price for the 8,096,942 shares was approximately $860,403,183. Lewis is a British billionaire and is the 486th richest person in the world according to Forbes' 2006 list.
Intel Corp. (Nasdaq: INTC) 2% HIGHER; boosts revenue forecast range. Sees Q3 revenues of $9.4-$9.8 billion, had seen $9-$9.6 billion.
Blue Coat Systems Inc. (Nasdaq: BCSI) 1.5% LOWER; Stifel Nicolaus downgrades Blue Coat Systems to Hold saying while fundamentals remains positive, the risk/reward is more challenging.
Countrywide Financial (NYSE: CFC) 1.2% LOWER; announced plans for a workforce reduction of 10,000 to 12,000 over the next three months representing up to 20 percent of its current workforce.
Central Garden & Pet Company (NASDAQ: CENT) INDICATED LOWER; announced that it will offer 10,000,000 shares of Class A common stock to the public. Central also announced that it currently expects operating earnings for the fiscal fourth quarter ended September 29, 2007 to be in the range of $0.07 to $0.09 per fully diluted share and for fiscal 2007 to be in the range of $0.54 to $0.56 per fully diluted share, excluding any unforeseen year-end adjustments or non-cash charges. The consensus is $0.12 and $0.61.
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