Unusual 11 Mid-Day Movers 09/12: (GLBL) (NETL) (MFW) Higher; (VELT) (LMLP) (CTCM) Lower
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Global Industries, Ltd. (Nasdaq: GLBL) 51.3% HIGHER; entered into a definitive merger agreement with Technip under which Technip will acquire Global for $8.00 per share in an all cash merger.
NetLogic Microsystems, Inc. (Nasdaq: NETL) 50.4% HIGHER; Broadcom Corp (Nasdaq: BRCM), to acquire NetLogic Microsystems for $50 per share in a transaction of approximately $3.7 billion, net of cash assumed.
M&F Worldwide Corp. (NYSE: MFW) 19.1% HIGHER; MacAndrews & Forbes Holdings and M&F Worldwide have entered into a definitive merger agreement under which MFW will be merged with a subsidiary of MacAndrews & Forbes and all outstanding shares of MFW common stock not owned by MacAndrews & Forbes will be converted into the right to receive $25 in cash per share.
Velti Plc (Nasdaq: VELT) 16.2% LOWER; volume is high for Velti today as it hits a 52-week low of $6.26.
LML Payment Systems Inc. (Nasdaq: LMLP) 13.7% LOWER; reports its subsidiary, LML Patent Corp., received payment in the amount of $5,000,000 and has entered into a Settlement and License Agreement with Wells Fargo Bank, N.A. with respect to litigation filed by LML in the U.S. District Court for the Eastern District of Texas alleging that Wells Fargo infringed U.S. Patent No. RE40,220.
Durect Corp. (Nasdaq: DRRX) 12.6% HIGHER; Durect is bouncing today after falling 6.5 percent last Friday.
Cal Dive International Inc (NYSE: DVR) 11.8% HIGHER; moving higher today on Global Industries news.
ACADIA Pharma (Nasdaq: ACAD) 10% HIGHER; traders are buying the stock ahead of the company's presentation at the Rodman & Renshaw Global Investment Conference later today. ACADIA will be presenting around 4:30pm ET.
CTC Media, Inc (Nasdaq: CTCM) 10.6% LOWER; revised its full year total revenues growth forecast for 2011 from approximately 20% growth year-on-year, to approximately 15% growth year-on-year, in ruble terms, when adjusting the 2010 revenues to exclude commissions payable to Video International for the direct sales of CTC Media's advertising inventory in Russia in 2010.
Colfax Corporation (NYSE: CFX) 10.2% LOWER; entered an agreement to acquire Charter International for 910 pence ($14.45) per share, comprised of 730 pence in cash and a fixed ratio of 0.1241 Colfax common shares per Charter share.
Pandora Media, Inc. (NYSE: P) 8.5% LOWER; Clear Channel has relaunched its online radio website, iHeartRadio.
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NetLogic Microsystems, Inc. (Nasdaq: NETL) 50.4% HIGHER; Broadcom Corp (Nasdaq: BRCM), to acquire NetLogic Microsystems for $50 per share in a transaction of approximately $3.7 billion, net of cash assumed.
M&F Worldwide Corp. (NYSE: MFW) 19.1% HIGHER; MacAndrews & Forbes Holdings and M&F Worldwide have entered into a definitive merger agreement under which MFW will be merged with a subsidiary of MacAndrews & Forbes and all outstanding shares of MFW common stock not owned by MacAndrews & Forbes will be converted into the right to receive $25 in cash per share.
Velti Plc (Nasdaq: VELT) 16.2% LOWER; volume is high for Velti today as it hits a 52-week low of $6.26.
LML Payment Systems Inc. (Nasdaq: LMLP) 13.7% LOWER; reports its subsidiary, LML Patent Corp., received payment in the amount of $5,000,000 and has entered into a Settlement and License Agreement with Wells Fargo Bank, N.A. with respect to litigation filed by LML in the U.S. District Court for the Eastern District of Texas alleging that Wells Fargo infringed U.S. Patent No. RE40,220.
Durect Corp. (Nasdaq: DRRX) 12.6% HIGHER; Durect is bouncing today after falling 6.5 percent last Friday.
Cal Dive International Inc (NYSE: DVR) 11.8% HIGHER; moving higher today on Global Industries news.
ACADIA Pharma (Nasdaq: ACAD) 10% HIGHER; traders are buying the stock ahead of the company's presentation at the Rodman & Renshaw Global Investment Conference later today. ACADIA will be presenting around 4:30pm ET.
CTC Media, Inc (Nasdaq: CTCM) 10.6% LOWER; revised its full year total revenues growth forecast for 2011 from approximately 20% growth year-on-year, to approximately 15% growth year-on-year, in ruble terms, when adjusting the 2010 revenues to exclude commissions payable to Video International for the direct sales of CTC Media's advertising inventory in Russia in 2010.
Colfax Corporation (NYSE: CFX) 10.2% LOWER; entered an agreement to acquire Charter International for 910 pence ($14.45) per share, comprised of 730 pence in cash and a fixed ratio of 0.1241 Colfax common shares per Charter share.
Pandora Media, Inc. (NYSE: P) 8.5% LOWER; Clear Channel has relaunched its online radio website, iHeartRadio.
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