Unusual 11 Mid-Day Movers 05/29: (BTFG) (LCRY) (IBI) Higher; (HMPR) (MY) (XG) Lower
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BancTrust Financial Group, Inc. (Nasdaq: BTFG) 55.5% HIGHER; Trustmark Corporation (Nasdaq: TRMK) and BancTrust have signed a definitive agreement pursuant to which BancTrust will merge into Trustmark. BancTrust has 49 offices throughout Alabama and the Florida Panhandle with $1.3 billion in loans and $1.8 billion in deposits as of March 31, 2012.
LeCroy Corporation (Nasdaq: LCRY) 55.3% HIGHER; Teledyne Technologies Incorporated (NYSE: TDY) and LeCroy jointly announced today that they have entered into a definitive agreement that provides for the merger of LeCroy Corporation with a wholly-owned subsidiary of Teledyne. Pursuant to the transaction, Teledyne will acquire all of the outstanding common shares of LeCroy for $14.30 per share payable in cash.
Hampton Roads Bankshares Inc. (Nasdaq: HMPR) 49.3% LOWER; might be lower following the announced acquisition of BancTrust Financial Group, Inc. by Trustmark Corporation.
Interline Brands, Inc. (NYSE: IBI) 39.9% HIGHER; has entered into a definitive agreement to be acquired by affiliates of GS Capital Partners LP and P2 Capital Partners, LLC for $25.50 per share in cash.
China Techfaith Wireless Communication Technologies (Nasdaq: CNTF) 28.7% HIGHER; breaking out after the stock held above the $1 level on Friday. The price jumped over $1.25 just following this morning's opening bell.
North American Energy Partners Inc. (NYSE: NOA) 27.7% HIGHER; today announced that Martin Ferron will join the Company as President and Chief Executive Officer and a Director of the Board effective at the close of business on June 7, 2012.
A123 Systems (Nasdaq: AONE) 15.8% HIGHER; broke above some technical levels as the 50- and 200-day simple moving average's converged just after the open. May also be seeing some upside from a potential rehashing of China's Cash-for-Clunkers program in an effort to get consumers into more fuel efficient vehicles.
China Ming Yang Wind Power Group Limited (NYSE: MY) 15.1% LOWER; sees first-quarter 2012 revs of $63.5 million to $65.1 million, or RMB400 to RMB410 million. As a result, the Company expects to incur a total comprehensive loss for the first quarter of 2012 between RMB110.0 million (US$17.5 million) and RMB120.0 million (US$19.1 million).
Extorre Gold Mines Limited's (AMEX: XG) 14.1% LOWER; pulling back today following a surge late last week on reports it adopted a sharheolder rights plan.
Vertex Pharmaceuticals Inc. (Nasdaq: VRTX) 12.4% LOWER; under heavy pressure early Tuesday after correcting data about lung function from a Phase 2 trial of VX-809 and KALYDECO in cystic fibrosis patients sharply lower. Click here to see the full report.
LDK Solar Co., Ltd. (NYSE: LDK) 12.3% LOWER; LDK showing an abundance of weakness today as shares continue to click through support levels at $2.25 $2.00, and $1.95. The U,S, unveiled anti-dumping tariffs last week, kiking off some selling in the stock.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
LeCroy Corporation (Nasdaq: LCRY) 55.3% HIGHER; Teledyne Technologies Incorporated (NYSE: TDY) and LeCroy jointly announced today that they have entered into a definitive agreement that provides for the merger of LeCroy Corporation with a wholly-owned subsidiary of Teledyne. Pursuant to the transaction, Teledyne will acquire all of the outstanding common shares of LeCroy for $14.30 per share payable in cash.
Hampton Roads Bankshares Inc. (Nasdaq: HMPR) 49.3% LOWER; might be lower following the announced acquisition of BancTrust Financial Group, Inc. by Trustmark Corporation.
Interline Brands, Inc. (NYSE: IBI) 39.9% HIGHER; has entered into a definitive agreement to be acquired by affiliates of GS Capital Partners LP and P2 Capital Partners, LLC for $25.50 per share in cash.
China Techfaith Wireless Communication Technologies (Nasdaq: CNTF) 28.7% HIGHER; breaking out after the stock held above the $1 level on Friday. The price jumped over $1.25 just following this morning's opening bell.
North American Energy Partners Inc. (NYSE: NOA) 27.7% HIGHER; today announced that Martin Ferron will join the Company as President and Chief Executive Officer and a Director of the Board effective at the close of business on June 7, 2012.
A123 Systems (Nasdaq: AONE) 15.8% HIGHER; broke above some technical levels as the 50- and 200-day simple moving average's converged just after the open. May also be seeing some upside from a potential rehashing of China's Cash-for-Clunkers program in an effort to get consumers into more fuel efficient vehicles.
China Ming Yang Wind Power Group Limited (NYSE: MY) 15.1% LOWER; sees first-quarter 2012 revs of $63.5 million to $65.1 million, or RMB400 to RMB410 million. As a result, the Company expects to incur a total comprehensive loss for the first quarter of 2012 between RMB110.0 million (US$17.5 million) and RMB120.0 million (US$19.1 million).
Extorre Gold Mines Limited's (AMEX: XG) 14.1% LOWER; pulling back today following a surge late last week on reports it adopted a sharheolder rights plan.
Vertex Pharmaceuticals Inc. (Nasdaq: VRTX) 12.4% LOWER; under heavy pressure early Tuesday after correcting data about lung function from a Phase 2 trial of VX-809 and KALYDECO in cystic fibrosis patients sharply lower. Click here to see the full report.
LDK Solar Co., Ltd. (NYSE: LDK) 12.3% LOWER; LDK showing an abundance of weakness today as shares continue to click through support levels at $2.25 $2.00, and $1.95. The U,S, unveiled anti-dumping tariffs last week, kiking off some selling in the stock.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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