Pre-Open Movers: CSK Auto (CAO) Up On Buyback, Lehman Bros (LEH) Up on Oversubscribed Offer

April 1, 2008 9:25 AM EDT

StreetInsider.com Pre-Open Movers:

Thornburg Mortgage Inc. (NYSE: TMA) 31% HIGHER; Raises $1.35 Billion Through Private Placement of Senior Subordinated Secured Notes and Warrants

Cell Genesys, Inc. (Nasdaq: CEGE) 22% HIGHER; The company and Takeda Pharmaceutical formed a global alliance for the development and commercialization of GVAX immunotherapy for prostate cancer, Cell Genesys' lead product candidate currently in Phase 3 clinical development.

CSK Auto Corporation (NYSE: CAO) 22% HIGHER; O'Reilly Automotive, Inc. (Nasdaq: ORLY) and CSK Auto Corporation announced that the two companies have signed a definitive merger agreement under which O'Reilly will acquire all of the outstanding shares of CSK common stock pursuant to an exchange offer, in a transaction valued at approximately $1.0 billion, including approximately $500 million of debt. Under the terms of the agreement, CSK shareholders will receive $11.00 of O'Reilly common stock, subject to a collar, plus $1.00 in cash for each share of CSK common stock.

Lehman Brothers Holdings Inc. (NYSE: LEH) 10% HIGHER; Raises $4 billion in a Convertible Preferred offering. This is up from the $3 billion expected to be raised.

UBS (NYSE: UBS) 9% HIGHER; Higher despite announcing a Q1 estimated net loss of approximately CHF 12 billion on writedowns of approximately USD 19 billion on US real estate and related structured credit positions.

KKR Financial Holdings LLC (NYSE: KFN) 6% LOWER; announced a proposed public offering of 20,000,000 of its common shares.

Hansen Natural (Nasdaq: HANS) 5% HIGHER; Goldman upgrades to Buy

Akamai Technologies (Nasdaq: AKAM) 5% HIGHER; Piper upgrades to Buy

Pier 1 Imports (NYSE: PIR) 4.6% HIGHER; DB upgrades to Buy

Altria Group Inc. (NYSE: MO) 4% LOWER; MS downgrades to EqualWeight

AstraZeneca plc (NYSE: AZN) 3.5% HIGHER; JPMor ugprades to Neutral

Yahoo! Inc. (Nasdaq: YHOO) 2.6% LOWER; WSJ reports Microsoft may not raise its bid for the company

VMware, Inc. (NYSE: VMW) 2% HIGHER; Wachovia upgrades to Outperform

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[LJ]


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Stocks Mentioned

AKAM 23.92

-0.37 -1.52%
Volume: 1,444,393
Track AKAM

AZN 45.29

-1.09 -2.35%
Volume: 1,262,510
Track AZN

CAO 10.78

+0.00 +0.00%
Volume: 0
Track CAO

CEGE 0.33

+0.00 +0.00%
Volume: 796,581
Track CEGE

HANS 34.76

-0.24 -0.69%
Volume: 414,895
Track HANS

KFN 5.39

-0.23 -4.09%
Volume: 759,735
Track KFN

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

MO 19.00

-0.19 -0.99%
Volume: 13,636,460
Track MO

ORLY 38.99

-0.59 -1.49%
Volume: 564,032
Track ORLY

PIR 4.03

-0.25 -5.84%
Volume: 705,415
Track PIR

TMA 0.24

+0.00 +0.00%
Volume: 17,069,102
Track TMA

UBS 15.66

-0.43 -2.67%
Volume: 3,329,817
Track UBS

VMW 41.30

-1.29 -3.03%
Volume: 489,015
Track VMW

YHOO 15.00

-0.30 -1.96%
Volume: 11,452,844
Track YHOO


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