Merrill Lynch
StreetInsider.com Morning Movers:
DryShips, Inc. (NASDAQ: DRYS) 26% HIGHER; Agreed to cancel the previously declared acquisition of four Panamax dry bulk carriers, which was announced on July 3, 2008, from companies beneficially owned by George Economou, Chairman and CEO of DryShips Inc. The aggregate purchase price of US$ 400 million would have represented a significant cash outflow from the Company's cash reserves given that the Company had not obtained bank financing for the acquisition.
Genworth Financial (NYSE: GNW) 24% HIGHER; reached a definitive agreement with respect to the acquisition of InterBank, fsb of Maple Grove, Minnesota. The completion of the proposed acquisition is subject to the approval of the Office of Thrift Supervision (OTS), Genworth receiving approval to participate in the U.S. Treasury Department's Capital Purchase Program (CPP) under the Troubled Asset Relief Program (TARP), as well as the satisfaction of other customary closing conditions.
Excel Maritime Carriers, Ltd. (NYSE: EXM) ...
StreetInsider.com Pre-Open Movers:
SankDisk (Nasdaq: SNDK) 26% HIGHER; issued a statement in response to rumors, Samsung Electronics is looking to acquire the company. The company said, "SanDisk periodically has conversations with multiple parties, including Samsung."
UST (NYSE: UST) 23% HIGHER; Altria Group (NYSE: MO) in in advanced talks to buy UST, people with close knowledge of the negotiations said. Terms of a deal could not be learned.
Hoku Scientific, Inc. (NASDAQ: HOKU) 15% HIGHER; Hoku and Solargiga Sign Contract Worth Up to $455 Million
Shiloh Industries, Inc. (NASDAQ: SHLO) 15% HIGHER; reports Q3 EPS of $0.18, versus the analyst estimate of $0.06. Revenues for the quarter were $124.2 million, compared to $115.8 million in the same quarter last year.
Quiksilver (NYSE ...
StreetInsider.com Pre-Open Movers:
WCI Communities, Inc. (NYSE: WCI) 20% HIGHER; successfully amended its Senior Secured Revolving Credit Agreement and Term Loan Agreement.
Ambac Financial Group, Inc. (NYSE: ABK) 19% LOWER; Moody's reviews rating for possible downgrade
Force Protection, Inc. (NASDAQ: FRPT) 8% HIGHER; received a $74,130,482 million contract for integrated logistics support (ILS) on the Company’s Cougar MRAP Category I and Category II vehicles.
LDK Solar Co., Ltd. (NYSE: LDK) 5% HIGHER; disclosed that it has signed a ten-year contract to supply multicrystalline ...
