StreetInsider.com Pre-Open Movers:
ScanSource, Inc. (NASDAQ: SCSC) 17% LOWER; announced that sales results for its quarter ended March 31, 2008, are expected to be in range of $509 to $515 million, which is below the consensus of $562.6 million.
LifeCell Corporation (NASDAQ: LIFC) 16.8% HIGHER; Kinetic Concepts, Inc. (NYSE: KCI) and LifeCell Corporation announced that they have signed a definitive agreement whereby KCI will acquire LifeCell for $51.00 ...
StreetInsider.com Pre-Open Movers:
MoneyGram International, Inc. (NYSE: MGI) 53% LOWER; completed the valuation of its investment portfolio as of November 30, 2007, and has experienced additional net unrealized losses of $571 million from September 30, 2007, bringing cumulative net unrealized losses to $860 million. The Company has commenced a process to realign the portfolio away from asset-backed securities and into highly liquid assets. In January, 2008, the Company sold $1.3 billion of securities, resulting in a realized loss of approximately $200 million, which was an incremental loss of approximately $100 million from the unrealized losses reflected as of November 30 as to these securities. In Exclusive Discussions with Thomas H. Lee Partners for $800 Million Equity Investment. The securities that would be acquired by the Investors in the transaction under discussion would currently be expected to give the Investors an initial equity interest in the Company ranging ...
