StreetInsider.com Pre-Open Movers 4/22: (PWER) (MPR) (MSFT) Higher; (AFSI) (WIT) (PHG) Lower (more...)

April 22, 2013 9:40 AM EDT Send to a Friend
Power-One, Inc. (NASDAQ: PWER) 56% HIGHER; ABB (NYSE: ABB) announced an agreement to acquire the company $6.35 per share in cash or $1.028 billion in equity. The deal comes at at 51.2 percent premium to Friday's close for Power-One of $4.40 per share.

Met-Pro Corporation (NYSE: MPR) 38% HIGHER; CECO Environmental Corp. (Nasdaq: CECE) entered into a definitive agreement to acquire Met-Pro for $13.75/share.

AmTrust Financial Services, Inc. (Nasdaq: AFSI) 10% LOWER; completed the acquisition of Sequoia Insurance Company and its subsidiaries, Sequoia Indemnity Company and Personal Express Insurance Company ("Sequoia"), for approximately $60 million.

Wipro Ltd. (NYSE: WIT) 6% LOWER; Jefferies Downgrades to Hold

Halliburton Co. (NYSE: HAL) 5% HIGHER; reported Q1 EPS of $0.67, $0.10 better than the analyst estimate of $0.57. Revenue for the quarter came in at $6.97 billion versus the consensus estimate of $6.89 billion.

Koninklijke Philips Electronics NV (NYSE: PHG) 4% LOWER; reported pre-tax earnings of €421 million, with analyst estimates at €441 million. On a per-share basis, basic income was €0.18, versus €0.20 reported last year. Sales fell 0.9 percent to €5.26 billion, versus revs of €5.48 billion expected.

Microsoft Corporation (NASDAQ: MSFT) 4% HIGHER; ValueAct Capital to disclose $2 billion stake

Sarepta Therapeutics, Inc. (NASDAQ: SRPT) 3% HIGHER; new Buy rating at Needham & Company

Beazer Homes USA Inc. (NYSE: BZH) 3% HIGHER; upgraded at Credit Suisse

Under Armour, Inc. (NYSE: UA) 2% LOWER; downgraded at Buckingham

Caterpillar, Inc. (NYSE: CAT) 1% HIGHER; reported Q1 EPS of $1.31, $0.15 worse than the analyst estimate of $1.46. Revenue for the quarter came in at $13.2 billion versus the consensus estimate of $13.8 billion.

Kimberly-Clark Corporation (NYSE: KMB) 1% LOWER; downgraded at BofA/ML

General Electric (NYSE: GE) 1% LOWER; downgraded at JPMorgan

McDonald's (NYSE: MCD) 1% LOWER; downgraded at CLSA


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