Pre-Open Movers 6/10: HireRight (HIRE) Up on Buyout; Pinnacle Airlines (PNCL) Sinks On Delta Contract Termination

June 10, 2008 9:29 AM EDT

StreetInsider Pre-Open Movers:

HireRight (Nasdaq: HIRE) 48% HIGHER; To be acauired by US Investigations Services, LLC for $15.60 per share in cash.

American Superconductor Corporation (Nasdaq: AMSC) 20% HIGHER; Receives $450 Million Follow-On Order from China's Sinovel Wind

United Rentals, Inc. (NYSE: URI) 16% HIGHER; approved a "modified Dutch auction" tender offer in which the company intends to offer to purchase up to 27,160,000 shares of its common stock at a price not less than $22.00 nor greater than $25.00 per share. The low and high ends of the price range represent a 12.8% and 28.2% premium, respectively, to yesterday's $19.50 per share closing price for the common stock.

CMGI (Nasdaq: CMGI) 15.7% LOWER; reports a Q3 loss of $0.05, versus the analyst estimate of $0.08. Revenues for the quarter were $239.2 million, versus the consensus of $282.10 million. Narrows FY08 sales from $1.05-$1.15 billion to $1.05-$1.10 billion, versus the consensus of $1.11 billion.

Shuffle Master (Nasdaq: SHFL) 12% HIGHER; reports Q2 EPS of $0.09, 2 cents better than the analyst estimate of $0.07. Revenues for the quarter were $49 million, versus the consensus of $45.55 million.

CAM Commerce Solutions, Inc. (Nasdaq: CADA) 6% HIGHER; entered into a definitive merger agreement under which an affiliate of Great Hill Partners, a leading private equity investment firm, will acquire all of the issued and outstanding shares of CAM Commerce Common Stock for $40.50 per share

Sequenom (Nasdaq: SQNM) 5% LOWER; announced that it has been named as a defendant in a complaint filed by plaintiffs Beckman Coulter Inc. and Orchid Cellmark Inc.

Linn Energy, LLC (Nasdaq: LINE) 3% LOWER; Merrill cuts to Underperform

Lehman Brothers Holdings Inc. (NYSE: LEH) 2% LOWER; Downgrades at Wachovia and Credit Suisse

Continental Resources Inc. (NYSE: CLR) LOWER; DB lowers to Hold

XTO Energy Inc. (NYSE: XTO) 2% HIGHER; XTO entered into a definitive merger agreement with privately-held Hunt Petroleum Corporation and other associated entities for $4.186 billion. Consideration in the transaction includes $2.6 billion in cash and 23.5 million shares of XTO common stock valued at approximately $1.6 billion, or $67.50 per share.

Pinnacle Airlines Corp. (NASDAQ: PNCL) INDICATED LOWER; reported that its Pinnacle Airlines, Inc. subsidiary has been notified by Delta Air Lines of Delta's intent to terminate Pinnacle's contract as a Delta Connection carrier, effective July 31.

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