StreetInsider.com Market Rumors: 09/11
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Market Rumors:
Tellabs (Nasdaq: TLAB): UBS lowered their price target on Tellabs from $14 to $11.50, citing the lower probability of a take-out in the short-term. The firm cited internal weakness at Nokia-Siemens Network and Nortel (NYSE: NT), the two most likely suitors.
St. Jude Medical (NYSE: STJ): Renewed speculation the company is the target of a takeover.
Countrywide (NYSE: CFC): Reports from the New York Post the company to put together another multi-billion dollar bailout as the company struggles through the credit squeeze and decline in housing prices.
Twin Disc Inc. (Nasdaq: TWIN): 5.1% holder Clarus Capital wants the Board of Directors to immediately retain a prominent investment bank to explore various alternatives for enhancing shareholder value, including a more aggressive stock buyback and the outright sale of all or part of the Company.
Accredited Home Lenders Holding Co. (Nasdaq: LEND) 8.4% holders Michael A. Roth and Brian J. Stark wants the board of directors to continue to pursue all available remedies under the Merger Agreement in order to consummate the Lone Star offer. The firm thinks Lone Star is in a weak condition to walk away from the deal.
Salesforce.com (NYSE: CRM): Renewed takeover speculation.
Tellabs (Nasdaq: TLAB): UBS lowered their price target on Tellabs from $14 to $11.50, citing the lower probability of a take-out in the short-term. The firm cited internal weakness at Nokia-Siemens Network and Nortel (NYSE: NT), the two most likely suitors.
St. Jude Medical (NYSE: STJ): Renewed speculation the company is the target of a takeover.
Countrywide (NYSE: CFC): Reports from the New York Post the company to put together another multi-billion dollar bailout as the company struggles through the credit squeeze and decline in housing prices.
Twin Disc Inc. (Nasdaq: TWIN): 5.1% holder Clarus Capital wants the Board of Directors to immediately retain a prominent investment bank to explore various alternatives for enhancing shareholder value, including a more aggressive stock buyback and the outright sale of all or part of the Company.
Accredited Home Lenders Holding Co. (Nasdaq: LEND) 8.4% holders Michael A. Roth and Brian J. Stark wants the board of directors to continue to pursue all available remedies under the Merger Agreement in order to consummate the Lone Star offer. The firm thinks Lone Star is in a weak condition to walk away from the deal.
Salesforce.com (NYSE: CRM): Renewed takeover speculation.
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