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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AKAM 19.44

-0.80 -3.95%
Volume: 4,871,249
Track AKAM

AZN 27.41

-17.22 -38.58%
Volume: 441,989
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CAO 10.78

+0.00 +0.00%
Volume: 0
Track CAO

CEGE 0.28

+0.00 +0.00%
Volume: 1,727,148
Track CEGE

HANS 30.17

-1.02 -3.27%
Volume: 1,191,716
Track HANS

KFN 0.88

-0.05 -5.38%
Volume: 1,274,637
Track KFN

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

MO 26.35

+9.67 +57.97%
Volume: 445,496
Track MO

ORLY 37.43

-0.82 -2.14%
Volume: 1,551,575
Track ORLY

PIR 27.47

+25.28 +1,154.34%
Volume: 440,537
Track PIR

TMA 0.24

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

UBS 25.08

+12.72 +102.91%
Volume: 447,224
Track UBS

VMW 29.91

+1.15 +4.00%
Volume: 441,226
Track VMW

YHOO 14.99

-0.42 -2.73%
Volume: 16,920,572
Track YHOO


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