StreetInsider.com Pre-Open Movers 10/30
Tweet
Share
E-mail
StreetInsider.com Pre-Open Movers:
Trustreet Properties, Inc. (NYSE: TSY) 33% HIGHER; entered into a definitive agreement to be acquired by GE Capital Solutions, Franchise Finance, in a deal valued at approximately $3 billion, including the payment of $17.05 per outstanding share of Trustreet's common stock, in the form of cash, and the assumption or refinancing of Trustreet's outstanding debt.
American Power Conversion Corp. (Nasdaq: APCC) 26% HIGHER; American Power Conversion Corporation and Schneider Electric SA announced that the two companies have executed a definitive merger agreement under which Schneider Electric will acquire all outstanding shares of APC for $31.00 per share in cash. The aggregate transaction value is approximately $6.1 billion.
Quantum Fuel Systems (Nasdaq: QTWW) 14% LOWER; agreed to and entered into a Securities Purchase Agreement for the issuance and sale to institutional investors of 6.1 million shares of the company's common stock at $1.64 per share and warrants to purchase 2.1 million shares of the company's common stock.
Genta Inc. (Nasdaq: GNTA) 8% HIGHER; FDA Extends Review Period for Genasense(R) New Drug Application in Chronic Lymphocytic Leukemia
Point Therapeutics Inc. (Nasdaq: POTP) 3.2% HIGHER; New Data Demonstrates Talabostat's Anti-Tumor and Anti-Metastatic Properties in Preclinical Osteosarcoma Models
Yahoo! Inc. (Nasdaq: YHOO) 2.4% HIGHER; Merrill Lynch upgrades Yahoo (YHOO) to Buy
Wal-Mart Stores Inc. (NYSE: WMT) 2% LOWER; Sees Oct Sales Up Only 0.5%
Tellabs Inc. (Nasdaq: TLAB) 1.8% HIGHER; Positive Barron's article this weekend.
FPL Group Inc. (NYSE: FPL) 1.5% HIGHER; reports Q3 EPS of $1.15, 9 cents better than estimates. The company remains on track to deliver at the upper end of its 2006 adjusted earnings expectations of $2.80-$2.90, including the $0.07 impact of storm cost disallowances earlier this year. Sees 2007 EPS of $3.35-$3.45 versus the consensus of $3.28. Sees 2008 EPS of $3.60-$3.80 versus the consensus of $3.60.
Dot Hill Systems Corp. (Nasdaq: HILL) INDICATED LOWER; expects net revenue for the third quarter of 2006 to be in the range of $54 to $56 million, versus the consensus of $60.6 million. The company expected net loss for the third quarter of 2006 would have been in the range of $7 to $8 million, or $0.16 to $0.18 per fully diluted share, versus the consensus of a $0.06 loss.
Trustreet Properties, Inc. (NYSE: TSY) 33% HIGHER; entered into a definitive agreement to be acquired by GE Capital Solutions, Franchise Finance, in a deal valued at approximately $3 billion, including the payment of $17.05 per outstanding share of Trustreet's common stock, in the form of cash, and the assumption or refinancing of Trustreet's outstanding debt.
American Power Conversion Corp. (Nasdaq: APCC) 26% HIGHER; American Power Conversion Corporation and Schneider Electric SA announced that the two companies have executed a definitive merger agreement under which Schneider Electric will acquire all outstanding shares of APC for $31.00 per share in cash. The aggregate transaction value is approximately $6.1 billion.
Quantum Fuel Systems (Nasdaq: QTWW) 14% LOWER; agreed to and entered into a Securities Purchase Agreement for the issuance and sale to institutional investors of 6.1 million shares of the company's common stock at $1.64 per share and warrants to purchase 2.1 million shares of the company's common stock.
Genta Inc. (Nasdaq: GNTA) 8% HIGHER; FDA Extends Review Period for Genasense(R) New Drug Application in Chronic Lymphocytic Leukemia
Point Therapeutics Inc. (Nasdaq: POTP) 3.2% HIGHER; New Data Demonstrates Talabostat's Anti-Tumor and Anti-Metastatic Properties in Preclinical Osteosarcoma Models
Yahoo! Inc. (Nasdaq: YHOO) 2.4% HIGHER; Merrill Lynch upgrades Yahoo (YHOO) to Buy
Wal-Mart Stores Inc. (NYSE: WMT) 2% LOWER; Sees Oct Sales Up Only 0.5%
Tellabs Inc. (Nasdaq: TLAB) 1.8% HIGHER; Positive Barron's article this weekend.
FPL Group Inc. (NYSE: FPL) 1.5% HIGHER; reports Q3 EPS of $1.15, 9 cents better than estimates. The company remains on track to deliver at the upper end of its 2006 adjusted earnings expectations of $2.80-$2.90, including the $0.07 impact of storm cost disallowances earlier this year. Sees 2007 EPS of $3.35-$3.45 versus the consensus of $3.28. Sees 2008 EPS of $3.60-$3.80 versus the consensus of $3.60.
Dot Hill Systems Corp. (Nasdaq: HILL) INDICATED LOWER; expects net revenue for the third quarter of 2006 to be in the range of $54 to $56 million, versus the consensus of $60.6 million. The company expected net loss for the third quarter of 2006 would have been in the range of $7 to $8 million, or $0.16 to $0.18 per fully diluted share, versus the consensus of a $0.06 loss.
You May Also Be Interested In
- Raymond James sees token pricing gap widen in August 2026
- UBS says bull market has further to run
- Stripe’s OpenRouter deal signals a new race to control AI economics
Create E-mail Alert Related Categories
General News, Special ReportsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
