(ABBI) Abraxis Rose 4.9% to $29.24 after it showed 60% gain in ABRAXANE in tumor response compared to Taxotere.
(AHO) Royal Ahold fell 1.5% to $10.59 despite reports that it’s is in talks with private equity over potentially selling is US food service unit.
(AMSC) American Superconductor fell 9% to $9.83 after it lowered guidance.
(BMET) Biomet Shares fell 1% to $41.59 after its $44.00 private equity buyout was finally announced.
(SNN) Smith & Nephew rose a sharp 7% to $50.58 after it broke off dilutive acquisition talks with Biomet and after Merrill Lynch raised its rating to a Buy.
(BPA) BioSante rose a sharp 24% to $3.14 after it received FDA approval on Bio-E-Gel (Elestrin) for hot flashes.
(CMX) Caremark gets $26 Billion merger from Express Scripts, threatening the CVS deal; CMX rose 10.5% to $55.58.
(CVS) CVS fell 1.7% to $30.01 after the competing deal for Caremark and after it puts added pressure on the company to perform.
(H) Realogy rose 19% to $30.40 after the company received a $30.00 per share cash offer in a buyout from Apollo Management in a $9 Billion deal after debt assumptions.
(HET) Harrah’s rose 3% to $82.18 on reports that the board was accepting a $90 private equity buyout; the dela could take 1-year to clse, but maybe that’s being pessimistic.
(IMAX) IMAX traded down 8.9% to $3.71 after the company decided to rule out a potential takeover, after down 60% that was obvious.
(WTW) Weight Watchers gained 9% to $51.45 after announcing a self tender to lower its share count.
(NTRI) Nurti-system fell another 3.6% to $62.25 on worries of WTW competition.
(LLL) L3 fell almost 6% to $79.00 after losing language training pact to DynCorp according to WSJ.
(MRD) MacDermid gets $35 buyout offer from a CEO-led group; shares rose 3.7% to $34.01.
(OVEN) Turbo Chef shares rose a sharp 7% to $15.99 after Barron’s reported that shares could rise 40% in 2007.
(SGR) Shaw Group rose 8.5% to $33.20 as its consortium with Westinghouse was selected for new construction of nuclear plants in China.
(SWHC) Smith & Wesson rose 0.9% to $10.36 after it announced it is paying $102M to acquire Thompson/Center Arms and raised 2007 & 2008 guidance as result of additional company.
(UBET) YouBet.com fell 5% to $3.30 after it filed to sell 6+ million shares.
(BMC) BMC Software fell 0.1% to $32.35 after it was raised to Overweight at Lehman.
(C) Citigroup rose 2.5% to $55.44 after it was raised to Buy at Merrill Lynch.
(ELK) ElkCorp rose 8% to $38.81 on a Carlyle buyout.
Jon C. Ogg
December 18, 2006
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.