Pre-Open Movers 8/27: (KNXA) (HTZ) (HCBK) Higher; (IDIX) (PANL) (GOOG) Lower (more...)
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Kenexa Corporation (Nasdaq: KNXA) 41% HIGHER ; entered into a definitive agreement for IBM to acquire Kenexa , a publicly held company headquartered in Wayne, Pa. , in a cash transaction at a price of $46 per share, or at a net price of approximately $1.3 billion.
Hertz Global Holdings, Inc. (NYSE: HTZ) 13% HIGHER ; acquires Dollar Thrifty.
Hudson City Bancorp, Inc. (Nasdaq: HCBK) 13% HIGHER ; M&T Bank Corporation (NYSE: MTB) to acquire the company. Each Hudson City share will receive consideration valued at 0.08403 of an M&T share in the form of either M&T stock or cash.
Immunogen Inc. (Nasdaq: IMGN) 12% HIGHER ; partner Roche reported that Trastuzumab emtansine significantly improved overall survival as well as progression-free survival in its lead Phase III trial, EMILIA. Trastuzumab emtansine utilizes ImmunoGen’s TAP technology with the trastuzumab antibody and is in global development by Roche under an agreement between ImmunoGen and Genentech, a member of the Roche Group.
Idenix Pharmaceuticals Inc. (NASDAQ: IDIX) 22% LOWER; Received verbal notice from the U.S. Food and Drug Administration (FDA) that a clinical hold has been placed on IDX19368, the Company's next-generation nucleotide polymerase inhibitor under development for the treatment of hepatitis C virus (HCV) infection
Nokia Corporation (NYSE: NOK) 9% HIGHER ; related to Apple victory versus Samsung
Universal Display Corp. (Nasdaq: PANL) 9% LOWER; analyst comments after Apple victory versus Samsung
Sarepta Therapeutics (Nasdaq: SRPT) 8% HIGHER ; positive piece in Barron's over the weekend highlighting the company's treatment for Duchenne muscular dystrophy.
Navistar International Corporation (NYSE: NAV) 7% HIGHER ; has appointed Lewis B. Campbell, former Chairman, President, and Chief Executive Officer of Textron Inc. (NYSE: TXT), Executive Chairman of the Board of Directors and interim Chief Executive Officer. Daniel C. Ustian has informed the Board that he is retiring as Chairman, President, and Chief Executive Officer, effective immediately. He is concurrently leaving the Board of Directors. The Company also announced that it has promoted Troy A. Clarke, currently President of Truck and Engine operations at Navistar, to the position of President and Chief Operating Officer of Navistar.
Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) 7% HIGHER ; Hertz Global and Dollar Thrifty Automotive entered into a definitive merger agreement under which Hertz would acquire Dollar Thrifty for $87.50 per share in cash in a transaction valued at a corporate enterprise value of approximately $2.3 billion.
Fisher Communications, Inc. (NASDAQ: FSCI) 6% HIGHER ; $10/shares special div
Best Buy Co. Inc. (NYSE: BBY) 6% HIGHER ; reaches deal with Schulze for due diligence
Research In Motion Limited (Nasdaq: RIMM) 6% HIGHER ; related to Apple victory versus Samsung
Avis Budget Group, Inc. (NYSE: CAR) 5% HIGHER ; deal in the sector HTZ/CAR
Tiffany & Co. (NYSE: TIF) 5% HIGHER ; reported Q2 EPS of $0.72, $0.01 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $887 million versus the consensus estimate of $890.85 million. Tiffany & Co. sees FY2012 EPS of $3.55-3.70, versus prior guidance of $3.70-3.80 and the consensus of $3.64.
AOL Inc. (NYSE: AOL) 2.5% HIGHER ; announced today its final steps in returning approximately $1.1 billion to AOL shareholders in 2012, entering into a $600 million fixed-dollar collared Accelerated Stock Repurchase Agreement with Barclays Bank plc. (“Barclays”) and announcing its authorization of a $5.15 per share special cash dividend.
Apple Inc. (Nasdaq: AAPL) 2.5% HIGHER ; A jury found that Samsung had infringed six Apple's patents and awarded a minimum of $1.05B in damages and is looking for an injunction against infringing Samsung products.
Google Inc. (Nasdaq: GOOG) 2% LOWER; related to Apple victory versus Samsung
Hertz Global Holdings, Inc. (NYSE: HTZ) 13% HIGHER ; acquires Dollar Thrifty.
Hudson City Bancorp, Inc. (Nasdaq: HCBK) 13% HIGHER ; M&T Bank Corporation (NYSE: MTB) to acquire the company. Each Hudson City share will receive consideration valued at 0.08403 of an M&T share in the form of either M&T stock or cash.
Immunogen Inc. (Nasdaq: IMGN) 12% HIGHER ; partner Roche reported that Trastuzumab emtansine significantly improved overall survival as well as progression-free survival in its lead Phase III trial, EMILIA. Trastuzumab emtansine utilizes ImmunoGen’s TAP technology with the trastuzumab antibody and is in global development by Roche under an agreement between ImmunoGen and Genentech, a member of the Roche Group.
Idenix Pharmaceuticals Inc. (NASDAQ: IDIX) 22% LOWER; Received verbal notice from the U.S. Food and Drug Administration (FDA) that a clinical hold has been placed on IDX19368, the Company's next-generation nucleotide polymerase inhibitor under development for the treatment of hepatitis C virus (HCV) infection
Nokia Corporation (NYSE: NOK) 9% HIGHER ; related to Apple victory versus Samsung
Universal Display Corp. (Nasdaq: PANL) 9% LOWER; analyst comments after Apple victory versus Samsung
Sarepta Therapeutics (Nasdaq: SRPT) 8% HIGHER ; positive piece in Barron's over the weekend highlighting the company's treatment for Duchenne muscular dystrophy.
Navistar International Corporation (NYSE: NAV) 7% HIGHER ; has appointed Lewis B. Campbell, former Chairman, President, and Chief Executive Officer of Textron Inc. (NYSE: TXT), Executive Chairman of the Board of Directors and interim Chief Executive Officer. Daniel C. Ustian has informed the Board that he is retiring as Chairman, President, and Chief Executive Officer, effective immediately. He is concurrently leaving the Board of Directors. The Company also announced that it has promoted Troy A. Clarke, currently President of Truck and Engine operations at Navistar, to the position of President and Chief Operating Officer of Navistar.
Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) 7% HIGHER ; Hertz Global and Dollar Thrifty Automotive entered into a definitive merger agreement under which Hertz would acquire Dollar Thrifty for $87.50 per share in cash in a transaction valued at a corporate enterprise value of approximately $2.3 billion.
Fisher Communications, Inc. (NASDAQ: FSCI) 6% HIGHER ; $10/shares special div
Best Buy Co. Inc. (NYSE: BBY) 6% HIGHER ; reaches deal with Schulze for due diligence
Research In Motion Limited (Nasdaq: RIMM) 6% HIGHER ; related to Apple victory versus Samsung
Avis Budget Group, Inc. (NYSE: CAR) 5% HIGHER ; deal in the sector HTZ/CAR
Tiffany & Co. (NYSE: TIF) 5% HIGHER ; reported Q2 EPS of $0.72, $0.01 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $887 million versus the consensus estimate of $890.85 million. Tiffany & Co. sees FY2012 EPS of $3.55-3.70, versus prior guidance of $3.70-3.80 and the consensus of $3.64.
AOL Inc. (NYSE: AOL) 2.5% HIGHER ; announced today its final steps in returning approximately $1.1 billion to AOL shareholders in 2012, entering into a $600 million fixed-dollar collared Accelerated Stock Repurchase Agreement with Barclays Bank plc. (“Barclays”) and announcing its authorization of a $5.15 per share special cash dividend.
Apple Inc. (Nasdaq: AAPL) 2.5% HIGHER ; A jury found that Samsung had infringed six Apple's patents and awarded a minimum of $1.05B in damages and is looking for an injunction against infringing Samsung products.
Google Inc. (Nasdaq: GOOG) 2% LOWER; related to Apple victory versus Samsung
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