Pre-Open Movers 03/04: (FOE) (OUTD) (SSYS) Higher; (GMXR) (RJET) (TSLA) Lower (more...)

March 4, 2013 9:37 AM EST
Ferro Corporation (NYSE: FOE) 28% HIGHER; A. Schulman, Inc. (Nasdaq: SHLM) announced today that it has made a proposal to the Board of Directors of Ferro Corporation (NYSE: FOE) to acquire all of the outstanding shares of Ferro common stock for per-share consideration of $6.50, representing an estimated total enterprise value of approximately $855 million including total indebtedness.

GMX Resources Inc. (Nasdaq: GMXR) 19% LOWER; failed to pay an interest payment due on its Senior Secured Second-Priority Notes due 2018 (the 2018 Notes).

Outdoor Channel Holdings, Inc. (Nasdaq: OUTD) 15% HIGHER; acknowledged that it received an unsolicited, nonbinding, written proposal from Kroenke Sports & Entertainment, LLC to acquire all of its outstanding shares of common stock in an all-cash transaction at a price of $8.75 per share, subject to the completion of limited confirmatory due diligence and the execution of a definitive merger agreement.

Stratasys, Inc. (NASDAQ: SSYS) 9% HIGHER; reported Q4 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $96.4 million versus the consensus estimate of $52.83 million. Stratasys, Inc. sees FY2013 EPS of $1.80-1.95, versus the consensus of $1.86. Stratasys, Inc. sees FY2013 revenue of $430-445 million, versus the consensus of $421.0 million

Forestar Group Inc. (NYSE: FOR) 9% HIGHER; Positive Barron's mention

Aurizon Mines Ltd. (AMEX: AZK) 5% HIGHER; Hecla Mining Company (NYSE: HL) entered into a definitive arrangement agreement with Aurizon Mines Ltd. in a transaction with a total value of approximately CAD$796 million.

The ExOne Company (NASDAQ: XONE) 5% HIGHER; new Buy ratings.

France Telecom (NYSE: FTE) 5% HIGHER; Morgan Stanley upgrades

Radian Group Inc. (NYSE: RDN) 4% HIGHER; upgraded at KBW

Tesla Motors (NASDAQ: TSLA) 3% LOWER; delays 10-K due to error on non-cash items

Republic Airways Holdings Inc. (NASDAQ: RJET) 3% LOWER; downgraded at BofA

CONSOL Energy Inc. (NYSE: CNX) 2% LOWER; downgraded at Goldman Sachs

LaSalle Hotel Properties (NYSE: LHO) 2% LOWER; downgraded at Goldman Sachs

The Charles Schwab Corporation (NASDAQ: SCHW) 2% HIGHER; upgraded at Bernstein

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