StreetInsider.com Pre-Open Movers 12/17: (CBOU) (ENZN) (LXRX) Higher; (CLWR) (SQNM) (AG) Lower (more...)

December 17, 2012 9:35 AM EST Send to a Friend
Caribou Coffee Company, Inc. (NASDAQ: CBOU) 30% HIGHER; Joh. A. Benckiser Group (JAB) will acquire Caribou for $16.00 per share in cash, or a total of approximately $340 million.

Clearwire Corporation (NASDAQ: CLWR) 11% LOWER; agrees to deal with Sprint at $2.97 per share.

Enzon Pharmaceuticals, Inc. (NASDAQ: ENZN) 11% HIGHER; announced that its Board of Directors has retained Lazard to act as financial advisor in a review of the possible sale or disposition of one or more corporate assets, or a sale of the Company.

Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) 8% HIGHER; received "Fast Track" status from the U.S. Food and Drug Administration (FDA) for the development of LX1033, an orally-delivered small molecule drug candidate for diarrhea-predominant irritable bowel syndrome (IBS-d).

Tronox Incorporated (NASDAQ: TROX) 7% HIGHER; positive Barron's article

Coffee Holding Co.Inc. (NASDAQ: JVA) 7% HIGHER; up on Caribou Coffee takeover news

First Majestic Silver Corp. (NYSE: AG) 4% LOWER; entered into a definitive agreement pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Orko for consideration of 0.1202 of a common share of First Majestic plus $0.0001 in cash per Orko common share

Sequenom, Inc. (NASDAQ: SQNM) 3% LOWER; announced that the U.S. Patent and Trademark Office has withdrawn the issuance of U.S. Patent No. 8,340,916. Sequenom has been informed by the Patent and Trademark Office that issuance was withdrawn in connection with an anticipated patent interference proceeding between parties with pending patent applications or issued patents directed to similar subject matter.

Diodes Incorporated (NASDAQ: DIOD) 3% HIGHER; Sterne Agee upgraded Diodes from Underperform to Buy with a price target of $22.00 (from $13.00).

Delta Air Lines (NYSE: DAL) 2% HIGHER; Dahlman Rose upgraded Delta Air Lines from Hold to Buy with a price target of $19.00.

US Airways Group, Inc. (NYSE: LCC) 2% HIGHER; Dahlman Rose upgraded US Airways Group from Hold to Buy with a price target of $21.00

Sprint Nextel Corp. (NYSE: S) 1% HIGHER; announced that it has entered into a definitive agreement to acquire the approximately 50 percent stake in Clearwire (NASDAQ: CLWR) it does not currently own for $2.97 per share, equating to a total payment to Clearwire shareholders, other than Sprint, of $2.2 billion.


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