StreetInsider.com Unusual 11 Mid-Day Movers 02/12/2007

February 12, 2007 11:11 AM EST

Onyx Pharmaceuticals (Nasdaq: ONXX) 72.4% HIGHER; Bayer Pharmaceuticals Corporation (NYSE: BAY) and Onyx Pharmaceuticals announced that an independent data monitoring committee (DMC) has reviewed the safety and efficacy data from the companies' pivotal Phase 3 trial in patients with advanced hepatocellular carcinoma (HCC), or primary liver cancer. Based on this planned interim analysis, the DMC has concluded that the trial met its primary endpoint resulting in superior overall survival (OS) in those patients receiving Nexavar tablets versus those patients receiving placebo. The DMC also noted that there was no demonstrated difference in serious adverse event rates between the two treatment arms (Nexavar and placebo). Based on these conclusions, the DMC recommended that the trial be stopped early.

Adeza (NASDAQ: ADZA) 52.8% HIGHER; Signed a definitive agreement to be acquired by Cytyc Corporation (NASDAQ: CYTC) for $24 per share, which is a purchase price of approximately $450 million.

Digital Music Group (Nasdaq: DMGI) 31.5% HIGHER; Enters into an agreement with YouTube, Inc. to make certain components of DMGI's video catalog, which includes some of the world's most beloved television and film properties, available to the YouTube community. Additionally, DMGI has agreed to allow certain music, where DMGI owns or controls the music publishing rights, to be in user-generated videos which are uploaded to YouTube.

Brush Engineered Materials (NYSE: BW) 30.1% HIGHER; Reports Q4 adjusted EPS of $0.44, 3 cents better than estimates. Revenues were $207.8 million vs. $188.53 million consensus. Sees Q1 revenues between $250-260 vs. $180 million consensus. Sees Q1 EPS between 0.60-0.75 vs. consensus of $0.41. BW also guides well above for FY07.

Administaff (NYSE: ASF) 18.3% HIGHER; Reports Q4 EPS of $0.47, 3 cents better than estimates. Revenues were $352.6 million vs. $357.56 million consensus. Separately, the company increases its stock buyback plan.

Chindex International (Nasdaq: CHDX) 17% LOWER; Reports Q3 EPS of $0.10, 4 cents better than estimates. Revenues were $30.34 million vs. $26.87 million consensus. Shares of CHDX are up over 210% since August, 16, 2006. The stock is down over 15% this morning.

China BAK Battery (NASDAQ: CBAK) 15% LOWER; Reports Q1 results

Witness Systems (NASDAQ: WITS) 21.2% HIGHER; Verint Systems Inc. (OTC: VRNT) and Witness Systems, Inc. entered into a definitive agreement under which Verint will acquire Witness for $27.50 per share in cash.

LCA Vision (Nasdaq: LCAV) 18.2% HIGHER; Reports Q4 earnings of $0.34 per share, 9 cents better than estimates. Revenues came in at $58.8 million versus the consensus of $58.4 million. Sees FY07 EPS of $2.05-$2.15 versus the consensus of $1.99.

Novelis Inc. (NYSE: NVL) 14% HIGHER; Hindalco Industries Limited, India's largest non-ferrous metals company, and Novelis entered into a definitive agreement for Hindalco to acquire Novelis in an all-cash transaction which values Novelis at approximately $6.0 billion, including approximately $2.4 billion of debt. Under the terms of the agreement, Novelis shareholders will receive $44.93 in cash for each outstanding common share.

WCI Communities (NYSE: WCI) 5.5% HIGHER; Company retains Goldman Sachs & Co. to assist the Board and senior management in a thorough review of the Company's business plans, capital structure, and growth prospects, with the objective of enhancing the company's value for all of its shareholders.

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