Morning Movers 09/16: CLU, OCNW, DIGA, HH, FUQI, EDMC, DYP, CCME Higher; HOOK Lower
Cellu Tissue Holdings (NYSE: CLU) 49.6% HIGHER; Clearwater Paper (NYSE: CLW) to buy Cellu for about $502 million, including equity value of about $247 million and net debt of about $255 million. The per share price Clearwater will pay is at $12 in cash. Clearwater says it intends to fund the deal with cash on hand and a $350 million debt financing.
Occam Networks, Inc. (Nasdaq: OCNW) 35.7% HIGHER; Calix, Inc. (NYSE: CALX) has entered into an agreement to acquire Occam for a total consideration of $171 million, or about $7.75 per share.
Digital Angel Corporation (Nasdaq: DIGA) 28.2% HIGHER; PositiveID Corporation (Nasdaq: PSID) announced today that it has presented an offer to the Digital Angel board of directors to purchase all the outstanding shares of Digital Angel common stock for $0.60 per share.
Hooper Holmes (AMEX: HH) 20.4% HIGHER; traders are cheering the appointment of a new President and CEO, Ransom Parker.
FUQI International (Nasdaq: FUQI) 16.6% HIGHER; shares seem to be breaking out above the $5 level over the last two trading sessions. The stock climbed 21% yesterday on very heavy volume. The stock has already traded almost 3.5 million shares.
Craft Brewers (Nasdaq: HOOK) 14.4% LOWER; traders are finally taking profits today; over the last 15 trading sessions, the stock has only closed in the red once. Since late August, shares rose as much as 50%.
Education Management (Nasdaq: EDMC) 11.1% HIGHER; traders are cheering comments made by company exec's at the BMO Capital Markets Back to School Education Conference going on today.
Duoyuan Printing (NYSE: DYP) 9.2% HIGHER; remains volatile following a 54% on Monday of this week amid news that it has let go of its independent accounting firm.
China MediaExpress Holdings, Inc. (NASDAQ: CCME) 8.2% HIGHER; approved a stock repurchase program for up to $30 million. The share repurchase authorization is effective immediately and remains in effect for one year.
To get this report daily visit http://www.streetinsider.com/entities/Morning+Movers.
Occam Networks, Inc. (Nasdaq: OCNW) 35.7% HIGHER; Calix, Inc. (NYSE: CALX) has entered into an agreement to acquire Occam for a total consideration of $171 million, or about $7.75 per share.
Digital Angel Corporation (Nasdaq: DIGA) 28.2% HIGHER; PositiveID Corporation (Nasdaq: PSID) announced today that it has presented an offer to the Digital Angel board of directors to purchase all the outstanding shares of Digital Angel common stock for $0.60 per share.
Hooper Holmes (AMEX: HH) 20.4% HIGHER; traders are cheering the appointment of a new President and CEO, Ransom Parker.
FUQI International (Nasdaq: FUQI) 16.6% HIGHER; shares seem to be breaking out above the $5 level over the last two trading sessions. The stock climbed 21% yesterday on very heavy volume. The stock has already traded almost 3.5 million shares.
Craft Brewers (Nasdaq: HOOK) 14.4% LOWER; traders are finally taking profits today; over the last 15 trading sessions, the stock has only closed in the red once. Since late August, shares rose as much as 50%.
Education Management (Nasdaq: EDMC) 11.1% HIGHER; traders are cheering comments made by company exec's at the BMO Capital Markets Back to School Education Conference going on today.
Duoyuan Printing (NYSE: DYP) 9.2% HIGHER; remains volatile following a 54% on Monday of this week amid news that it has let go of its independent accounting firm.
China MediaExpress Holdings, Inc. (NASDAQ: CCME) 8.2% HIGHER; approved a stock repurchase program for up to $30 million. The share repurchase authorization is effective immediately and remains in effect for one year.
To get this report daily visit http://www.streetinsider.com/entities/Morning+Movers.
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