StreetInsider.com Pre-Open Movers 12/18

StreetInsider.com Pre-Open Movers:

BioSante Pharmaceuticals, Inc. (Amex: BPA) 48% HIGHER; received U.S. Food and Drug Administration (FDA) approval for the marketing of Bio-E-Gel) in the United States. Bio-E-Gel, which will be marketed under the name Elestrin, is indicated for the treatment of moderate-to-severe vasomotor symptoms (hot flashes) associated with menopause. Two doses of Elestrin, 0.87 grams per day and 1.7 grams per day, were approved.

Syntroleum Corp. (Nasdaq: SYNM) 28% HIGHER; reports a B-52 bomber made a test flight Friday using the company's synthetic diesel fuel

Hydro (NYSE: NHY) 24% HIGHER; The Board of Directors of Hydro and Statoil (NYSE: STO) have agreed to recommend to their shareholders a merger of Hydro's oil and gas activities with Statoil, creating the world's largest offshore operator with a strengthened platform for future growth.

Realogy Corporation (NYSE: H) 21% HIGHER; announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity firm Apollo Management, L.P., in a transaction valued at approximately $9.0 billion, including debt. Realogy stockholders would receive $30.00 per share in cash at closing.

DynCorp International Inc (NYSE: DCP) 15% HIGHER; wins Army linguist contract

Caremark Rx, Inc., (NYSE: CMX) 9% HIGHER; Express Scripts, Inc. (Nasdaq: ESRX) offered to acquire Caremark Rx, Inc., for $29.25 in cash and 0.426 shares of Express Scripts stock for each share of Caremark stock. Based on the Express Scripts closing stock price on Friday, December 15, 2006, the offer has a value of $58.50 per Caremark share or approximately $26 billion in the aggregate. The offer tops bid from CVS.

Joy Global Inc. (Nasdaq: JOYG) 9% HIGHER; reports Q4 EPS of $0.71, including 8c tax charge, 5 cents better than estimates. Revenues were $689 million vs. $655.64 million consensus.

ElkCorp (NYSE: ELK) 6% HIGHER; announced it has entered into a definitive agreement to be acquired and taken private by global private equity firm The Carlyle Group in an all-cash transaction valued at approximately $1.0 billion, including the assumption of approximately $173 million of net debt. $38 per share

Exelixis, Inc. (Nasdaq: EXEL) 5.5% HIGHER; The comapny and Bristol-Myers Squibb Company (NYSE: BMY) announced a worldwide collaboration to discover, develop and commercialize novel targeted therapies for the treatment of cancer

L-3 Communications (NYSE: LLL) 3.5% LOWER; Lowered guidanced after announcing that the U.S. Army's Intelligence and Security Command did not select L-3's contract proposal to provide translators and linguists worldwide, including support to the U.S. military operations in Iraq and Afghanistan, as well as related activities at the U.S. detention facility in Guantanamo Bay, Cuba.

American Superconductor Corporation (NASDAQ: AMSC) 3% LOWER; is revising its forecasted operating results for the third quarter and the full fiscal year 2007.

Harrah's Entertainment Inc. (NYSE: HET) 3% HIGHER; reports private eqyity bid raised to $90

You May Also Be Interested In

• After-Hours Movers: QCOM, COHR, APP, HUBS, SNAP, FSLY, FIG, ZG, BROS, CDE
• China pledges to reduce trade tensions with Canada
• Premarket movers: Qualcomm, Snap slide premarket; Unity surges