Largest Net $ Movers of Note 05/30
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UPWARD MOVERS:
Kinder Morgan Inc. (NYSE: KMI) +$16.45; Richard D. Kinder, the Chairman and CEO of Kinder Morgan, Inc. announced that he, together with other members of management, co-founder Bill Morgan, current board members Fayez Sarofim and Mike Morgan, and investment partners Goldman Sachs Capital Partners, American International Group, Inc., The Carlyle Group and Riverstone Holdings LLC, has submitted a proposal to acquire all of the outstanding common stock of Kinder Morgan, Inc. at a price of $100 per share in cash.
ADE Corp. (NASDAQ: ADEX) +$6.27; KLA-Tencor Corporation (Nasdaq: KLAC) and ADE Corporation amended and restated their existing merger agreement to change the consideration that ADE stockholders will receive from KLA-Tencor common stock to $32.50 per share in cash.
Multi-Fineline (MFLX) +$2.81; First Albany Upgrades MFLX to Strong Buy
Marsh Supermarkets Inc. (NASDAQ: MARSA) +$2.34; Company received an unsolicited letter, dated May 22, 2006, from Drawbridge Special Opportunities Advisors LLC and Cardinal Paragon, Inc. requesting that Marsh consent to Drawbridge/Cardinal making a proposal to acquire Marsh for $13.625 per share in cash, subject to completion of due diligence, and otherwise on substantially the same terms as the previously announced merger agreement with MSH Supermarkets Holding Corp., an affiliate of Sun Capital Partners.
Tribune Co. (NYSE: TRB) +$2.07; Company to Repurchase up to 75 Million Common Shares (approx. 25% the common shares outstanding)
DOWNWARD MOVERS:
Chicago Mercantile Exchange Holdings (NYSE: CME) -$8.93; The stock has leveled off into a $433-449 trading range over the past few weeks (since news the NYSE and Euronext are getting close to a merger)
Carpenter Technology Corp. (NYSE: CRS) -$5.06; Stock moving lower with no significant news, may be profit taking - the stock has moved up from $71.81 on Jan 3, 2006 to $115-120 range
Google Inc. (Nasdaq: GOOG) -$4.86; No significant news today, however, the Nasdaq is close to the lows of the session
SanDisk Corp. (Nasdaq: SNDK) -$2.27; Lower on negative Barron's article citing softening demand for NAND chips
Marvell Technology Group Ltd. (Nasdaq: MRVL) -$2.12; No significant news article today; but the Semiconductor - Integrated Circuits sector is down 1.3% today
Kinder Morgan Inc. (NYSE: KMI) +$16.45; Richard D. Kinder, the Chairman and CEO of Kinder Morgan, Inc. announced that he, together with other members of management, co-founder Bill Morgan, current board members Fayez Sarofim and Mike Morgan, and investment partners Goldman Sachs Capital Partners, American International Group, Inc., The Carlyle Group and Riverstone Holdings LLC, has submitted a proposal to acquire all of the outstanding common stock of Kinder Morgan, Inc. at a price of $100 per share in cash.
ADE Corp. (NASDAQ: ADEX) +$6.27; KLA-Tencor Corporation (Nasdaq: KLAC) and ADE Corporation amended and restated their existing merger agreement to change the consideration that ADE stockholders will receive from KLA-Tencor common stock to $32.50 per share in cash.
Multi-Fineline (MFLX) +$2.81; First Albany Upgrades MFLX to Strong Buy
Marsh Supermarkets Inc. (NASDAQ: MARSA) +$2.34; Company received an unsolicited letter, dated May 22, 2006, from Drawbridge Special Opportunities Advisors LLC and Cardinal Paragon, Inc. requesting that Marsh consent to Drawbridge/Cardinal making a proposal to acquire Marsh for $13.625 per share in cash, subject to completion of due diligence, and otherwise on substantially the same terms as the previously announced merger agreement with MSH Supermarkets Holding Corp., an affiliate of Sun Capital Partners.
Tribune Co. (NYSE: TRB) +$2.07; Company to Repurchase up to 75 Million Common Shares (approx. 25% the common shares outstanding)
DOWNWARD MOVERS:
Chicago Mercantile Exchange Holdings (NYSE: CME) -$8.93; The stock has leveled off into a $433-449 trading range over the past few weeks (since news the NYSE and Euronext are getting close to a merger)
Carpenter Technology Corp. (NYSE: CRS) -$5.06; Stock moving lower with no significant news, may be profit taking - the stock has moved up from $71.81 on Jan 3, 2006 to $115-120 range
Google Inc. (Nasdaq: GOOG) -$4.86; No significant news today, however, the Nasdaq is close to the lows of the session
SanDisk Corp. (Nasdaq: SNDK) -$2.27; Lower on negative Barron's article citing softening demand for NAND chips
Marvell Technology Group Ltd. (Nasdaq: MRVL) -$2.12; No significant news article today; but the Semiconductor - Integrated Circuits sector is down 1.3% today
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