StreetInsider.com Pre-Open Movers 10/09
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StreetInsider.com Pre-Open Movers:
New River Pharmaceuticals Inc. (Nasdaq: NRPH) 45% HIGHER; received an approvable letter from the FDA for NRP104, for the treatment of Attention-Deficit/Hyperactivity Disorder (ADHD) in children aged 6 - 12. No additional studies have been requested by the FDA as a condition for approval of NRP104.
Amkor Technology Inc. (Nasdaq: AMKR) 33% HIGHER; Files Quarterly Report on Form 10-Q, Cures Alleged Defaults on Outstanding Debt and Terminates Consent Solicitation
Mercantile Bankshares Corp. (Nasdaq: MRBK) 21% HIGHER; PNC Financial Services Group, Inc. (NYSE: PNC) and Mercantile Bankshares announced that they have signed a definitive agreement for PNC to acquire Mercantile for $47.24 per share, or approximately $6.0 billion in stock and cash.
Powerwave Technologies, Inc. (NASDAQ: PWAV) 16.7% LOWER; anticipates that revenues for its third quarter ending October 1, 2006 will be in the range of $155 million to $160 million. This updates previous expectations of revenues in the range of $200 million to $210 million for the third quarter. The consensus is $206.2 million.
NetRatings, Inc. (NASDAQ: NTRT) 15% HIGHER; VNU Group B.V. is proposing to acquire the outstanding publicly held minority interest in NetRatings for $16.00 per share in cash, representing a 10% premium over the Company's closing price on October 6, 2006.
Cablevision Systems Corp. (NYSE: CVC) 13.7% HIGHER; Charles F. and James L. Dolan, on behalf of members of the Dolan Family Group, announced that they have proposed to purchase 100 percent of the outstanding publicly held shares of common stock of Cablevision for $27 per share.
Shire (Nasdaq: SHPGY) 10% HIGHER; Partner New River Pharma received an approvable letter from the FDA for NRP104, for the treatment of Attention-Deficit/Hyperactivity Disorder (ADHD) in children aged 6 - 12. No additional studies have been requested by the FDA as a condition for approval of NRP104.
Cheesecake Factory Inc. (Nasdaq: CAKE) 4% LOWER; Reports Preliminary Q3 Revenues of $325.0 million versus the consensus of $336.2 million.
Mastercard Incorporated (NYSE: MA) 3.3% LOWER; Citigroup Downgrades Mastercard (MA) to Hold; Goldman Sachs downgrades Mastercard (MA) to Sell
Verizon Communications Inc. (NYSE: VZ) 2% LOWER; Citigroup Downgrades Verizon (VZ) to Sell
Chipotle Mexican Grill, Inc. (NYSE: CMG) 2% HIGHER; JP Morgan upgrades Chipotle (CMG) to Overweight
Sprint Nextel Corp. (NYSE: S) 1.6% LOWER; UBS downgrades Sprint Nextel (S) to Neutral
AT&T Inc. (NYSE: T) 1% HIGHER; Citigroup Upgrades AT&T (T) to Buy
CNS, Inc. (NASDAQ: CNXS) INDICATED HIGHER; GlaxoSmithKline plc (NYSE: GSK) and CNS, Inc. announced execution of a definitive agreement for GSK to acquire CNS, the manufacturer of Breathe Right nasal strips and FiberChoice dietary fiber supplements for $37.50 per share in cash, valuing the transaction at approximately $566 million.
New River Pharmaceuticals Inc. (Nasdaq: NRPH) 45% HIGHER; received an approvable letter from the FDA for NRP104, for the treatment of Attention-Deficit/Hyperactivity Disorder (ADHD) in children aged 6 - 12. No additional studies have been requested by the FDA as a condition for approval of NRP104.
Amkor Technology Inc. (Nasdaq: AMKR) 33% HIGHER; Files Quarterly Report on Form 10-Q, Cures Alleged Defaults on Outstanding Debt and Terminates Consent Solicitation
Mercantile Bankshares Corp. (Nasdaq: MRBK) 21% HIGHER; PNC Financial Services Group, Inc. (NYSE: PNC) and Mercantile Bankshares announced that they have signed a definitive agreement for PNC to acquire Mercantile for $47.24 per share, or approximately $6.0 billion in stock and cash.
Powerwave Technologies, Inc. (NASDAQ: PWAV) 16.7% LOWER; anticipates that revenues for its third quarter ending October 1, 2006 will be in the range of $155 million to $160 million. This updates previous expectations of revenues in the range of $200 million to $210 million for the third quarter. The consensus is $206.2 million.
NetRatings, Inc. (NASDAQ: NTRT) 15% HIGHER; VNU Group B.V. is proposing to acquire the outstanding publicly held minority interest in NetRatings for $16.00 per share in cash, representing a 10% premium over the Company's closing price on October 6, 2006.
Cablevision Systems Corp. (NYSE: CVC) 13.7% HIGHER; Charles F. and James L. Dolan, on behalf of members of the Dolan Family Group, announced that they have proposed to purchase 100 percent of the outstanding publicly held shares of common stock of Cablevision for $27 per share.
Shire (Nasdaq: SHPGY) 10% HIGHER; Partner New River Pharma received an approvable letter from the FDA for NRP104, for the treatment of Attention-Deficit/Hyperactivity Disorder (ADHD) in children aged 6 - 12. No additional studies have been requested by the FDA as a condition for approval of NRP104.
Cheesecake Factory Inc. (Nasdaq: CAKE) 4% LOWER; Reports Preliminary Q3 Revenues of $325.0 million versus the consensus of $336.2 million.
Mastercard Incorporated (NYSE: MA) 3.3% LOWER; Citigroup Downgrades Mastercard (MA) to Hold; Goldman Sachs downgrades Mastercard (MA) to Sell
Verizon Communications Inc. (NYSE: VZ) 2% LOWER; Citigroup Downgrades Verizon (VZ) to Sell
Chipotle Mexican Grill, Inc. (NYSE: CMG) 2% HIGHER; JP Morgan upgrades Chipotle (CMG) to Overweight
Sprint Nextel Corp. (NYSE: S) 1.6% LOWER; UBS downgrades Sprint Nextel (S) to Neutral
AT&T Inc. (NYSE: T) 1% HIGHER; Citigroup Upgrades AT&T (T) to Buy
CNS, Inc. (NASDAQ: CNXS) INDICATED HIGHER; GlaxoSmithKline plc (NYSE: GSK) and CNS, Inc. announced execution of a definitive agreement for GSK to acquire CNS, the manufacturer of Breathe Right nasal strips and FiberChoice dietary fiber supplements for $37.50 per share in cash, valuing the transaction at approximately $566 million.
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