StreetInsider.com Pre-Open Movers 07/05

StreetInsider.com Pre-Open Movers:

Hilton Hotels Corporation (NYSE: HLT) 26.7% HIGHER; entered into a definitive merger agreement with The Blackstone Group\'s (NYSE: BX) real estate and corporate private equity funds in an all-cash transaction valued at approximately $26 billion. Under the terms of the agreement, Blackstone will acquire all the outstanding common stock of Hilton for $47.50 per share.

Penson Worldwide, Inc. (NASDAQ: PNSN) 20% LOWER; lowered their 2007 estimates. Previously, the Company has said it was "comfortable" with analysts\' range of net income for 2007 of $1.35 to $1.44 per share, with a consensus of $1.39 per share. The Company now believes net income for 2007 will be approximately $1.20 to $1.24 per share.

Champps Entertainment, Inc. (NASDAQ: CMPP) 16.6% HIGHER; entered into a definitive agreement to be acquired by F&H Acquisition Corp., the holding company for Fox & Hound Restaurant Group, for $5.60 per share in cash, or an aggregate purchase price of $74.8 million. Shares of CMPP closed at $4.63 on Tuesday.

Huntsman Corporation (NYSE: HUN) 12.8% HIGHER; Hexion Specialty Chemicals Inc., an Apollo Management L.P. portfolio company, made a definitive proposal to the Transaction Committee of the Board of Directors of Huntsman to acquire the Company for $10.4 billion (including refinanced debt), or $27.25 per share, in cash.

Host Hotels & Resorts Inc. (NYSE: HST) 9% HIGHER; Takeover speculation after Hilton Hotels was acquired by Blackstone Group at a hefty premium.

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) 8.7% HIGHER; Takeover speculation after Hilton Hotels was acquired by Blackstone Group at a hefty premium.

Marriott International Inc. (NYSE: MAR) 8.5% HIGHER: Takeover speculation after Hilton Hotels was acquired by Blackstone Group at a hefty premium.

Wyndham Worldwide Corporation (NYSE: WYN) Takeover speculation after Hilton Hotels was acquired by Blackstone Group at a hefty premium.

Jones Apparel Group Inc. (NYSE: JNY) 5% HIGHER; received an unsolicited non-binding proposal from Fast Retailing Co., Ltd., a Japan based company, to acquire the Company\\\'s wholly owned subsidiary Barneys New York, Inc. for $900 million in cash.

Research in Motion (Nasdaq: RIMM) 4.8% HIGHER; reports the company received the okay to sell its BlackBerry device in China after trying for eight years.

Choice Hotels International Inc. (NYSE: CHH) 3.3% HIGHER; Takeover speculation after Hilton Hotels was acquired by Blackstone Group at a hefty premium.

ACR Group, Inc. (Amex: BRR) INDICATED HIGHER; Watsco, Inc. (NYSE: WSO) and ACR Group, Inc. executed a definitive merger agreement under which Watsco will seek to acquire ACR\'s outstanding common stock in a cash tender offer of $6.75 per share.

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