Unusual 11 Mid-Day Movers 2/21: CPS, FBN, HLTH Higher; VDSI, LAD, SSRX, LNET, NVTL Lower

February 21, 2008 12:50 PM EST

ChoicePoint Inc. (NYSE: CPS) 43.3% HIGHER; Reed Elsevier (NYSE: RUK) (NYSE: ENL) has reached an agreement to acquire ChoicePoint in an all-cash transaction is valued at approximately $4 billion, based on an offer of $50 per share. ChoicePoint closed at $33.66 on yesterday.

VASCO Data Security International Inc. (Nasdaq: VDSI) 35% LOWER; reports Q4 EPS of $0.09, 11 cents lower than the analyst estimate of $0.20. Revenues for the quarter were $31.2 million, versus the consensus of $36.60 million.

Lithia Motors (NYSE: LAD) 27.7% LOWER; downgraded at Stephens and Raymond James to Equal Weight and Underperform, respectively.

3SBio Inc. (Nasdaq: SSRX) 27.4% LOWER; reports Q4 EPS of $0.11, 2 cents lower than the analyst estimate of $0.13. Revenues for the quarter were $6.3 million, versus the consensus of $7.09 million. Sees FY08 revs of $30-$32 million, versus the consensus of $36 million.

LodgeNet Entertainment (Nasdaq: LNET) 23.4% LOWER; reports a Q4 loss of $0.87 may not compare. Revenues for the quarter were $132.8 million, versus the consensus of $133.31 million. Sees full year rev 570-585 million versus 564.6 million. Sees 2008 adjusted loss 17-61 cents.

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Novatel Wireless (Nasdaq: NVTL) 23.2% LOWER; reports Q4 EPS of $0.40, 9 cents better than the analyst estimate of $0.31. Revenues for the quarter were $118 million, versus the consensus of $120.71 million. Sees Q1 EPS of $0.27, versus the consensus of $0.29. Sees Q1 revs of $110 million, versus the consensus of $119.4 million.

Furniture Brands (NYSE: FBN) 22.2% HIGHER; 9.4% holder SCSF Equities (Sun Capital) made a non-binding proposal to acquire 100% of company. The firm said, "We are pleased to inform you of our interest in acquiring the Company for cash consideration at a substantial premium to its latest closing stock price of $10.18 per share and its 30-day average price of $8.95 per share."

HLTH Corporation (Nasdaq: HLTH) 20.5% HIGHER; HLTH and its 84% owned subsidiary, WebMD Health Corp. (Nasdaq: WBMD), announced today that they have entered into a definitive merger agreement pursuant to which HLTH will merge into WebMD. In the merger, each outstanding share of HLTH common stock will be converted into 0.1979 shares of WebMD common stock and $6.89 in cash.

ProCentury Corporation (Nasdaq: PROS) 20% HIGHER; Meadowbrook Insurance Group, Inc. (NYSE: MIG) and ProCentury have executed a definitive merger agreement for a transaction valued at approximately $272.6 million in cash and stock to be paid to ProCentury shareholders.

Itron, Inc. (Nasdaq: ITRI) 17.8% HIGHER; reports Q4 EPS of $0.81, 9 cents better than the analyst estimate of $0.72. Revenues for the quarter were $481 million, versus the consensus of $446.60 million. Full year EPS $3.20 to $3.45 versus consensus of $3.32. Full year revs $1.87 to $1.91 billion versus $1.82 billion.

American Railcar Industries Inc (Nasdaq: ARII) 15.5% HIGHER; reports Q4 EPS of $0.37, 14 cents better than the analyst estimate of $0.23. Revenues for the quarter were $161.9 million, versus the consensus of $142.96 million.

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