StreetInsider.com Pre-Open Movers 12/04

December 4, 2006 9:26 AM EST

StreetInsider.com Pre-Open Movers:

Forbes Medi Tech Inc. (Nasdaq: FMTI) 44% LOWER; cholesterol-lowering drug, FM-VP4, did not achieve the Company's established goal of a 15% average reduction in LDL cholesterol from baseline.

Onyx Pharmaceuticals, Inc. (Nasdaq: ONXX) 29.5% LOWER; Bayer Pharmaceuticals Corporation (NYSE: BAY) and Onyx Pharmaceuticals announced that a Phase III trial administering Nexavar or placebo tablets in combination with the chemotherapeutic agents carboplatin and paclitaxel in patients with advanced melanoma did not meet its primary endpoint of improving progression-free survival.

Station Casinos Inc. (NYSE: STN) 17.5% HIGHER; received a letter from Fertitta Colony Partners LLC proposing to acquire all of the Company's outstanding common stock for $82 per share in cash. Fertitta Colony Partners LLC is a new company formed by Frank J. Fertitta III, Chairman and Chief Executive Officer of Station, Lorenzo J. Fertitta, Vice Chairman and President of Station, and Colony Capital Acquisitions, LLC, an affiliate of Colony Capital, LLC

Agere Systems Inc. (NYSE: AGR) 14.7% HIGHER; LSI Logic and Agere Systems announced that they have entered into a definitive merger agreement under which the companies will be combined in an all-stock transaction with an equity value of approximately $4.0 billion.

Pfizer Inc. (NYSE: PFE) 14.6% LOWER; company stopped clinical trials and ended the development program of experimental cholesterol drug torcetrapib because of safety concerns

ISIS Pharmaceuticals Inc. (Nasdaq: ISIS) 11% HIGHER; Higher on negative Pfizer news

SimpleTech, Inc. (NASDAQ: STEC) 9% HIGHER; the company expects fourth quarter of 2006 diluted earnings per share to be in the range of $0.17-$0.18 vs. prior guidance of $0.15-0.16 vs. current consensus of $0.15. The company expects Q4 revenue to be in the range of $105-$107 million vs. prior guidance of $95-100 million vs. current consensus of $97.73 million.

Bank of New York Co. Inc. (NYSE: BK) 8.6% HIGHER; The Bank of New York Company, Inc. and Mellon Financial Corporation entered into a definitive agreement to merge, creating the largest securities servicing and asset management firm globally.

CV Therapeutics Inc. (Nasdaq: CVTX) 7.7% HIGHER; Regadenoson Meets Primary Endpoint in Second Phase 3 Clinical Trial

LSI Logic Corporation (NYSE: LSI) 7.1% LOWER; LSI and Agere Systems announced that they have entered into a definitive merger agreement under which the companies will be combined in an all-stock transaction with an equity value of approximately $4.0 billion.

Reckson Associates Realty Corp. (NYSE: RA) 5% LOWER; Mack-Cali Realty (NYSE: CLI) Withdraws from Rome Partnership in Bid for Reckson (RA),

Mellon Financial Corporation (NYSE: MEL) 4.4% HIGHER; The Bank of New York Company, Inc. and Mellon Financial Corporation entered into a definitive agreement to merge, creating the largest securities servicing and asset management firm globally.

Gold Kist Inc. (Nasdaq: GKIS) 4% HIGHER; Pilgrim's Pride (NYSE: PPC) will acquire all of the outstanding shares of Gold Kist common stock for $21.00 per share in cash

Baidu.com, Inc. (Nasdaq: BIDU) 3.6% HIGHER; to Enter Japanese Search Market in 2007

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