Pre-Market Stock News (September 19, 2007)
September 19, 2007 by Douglas A. McIntyre(AIR) AAR Corp. $0.36 EPS vs $0.39 est.
(CMO) Capstead Mortgage will sell 8.5M shares of common stock.
(DT) Deutsche Telecom’s T-Mobile won iPhone exclusivity in Germany.
(EPAY) Bottomline Technologies announced a strategic pact with Wipro Technologies of Wipro to provide corporate payments and global cash management solutions to financial institutions.
(ETEL) eTelecare Global (ETEL) is acquiring AOL’s Customer Care & Technical Support subsidiary.
(GIS) General Mills $0.81 EPS vs $0.79 estimate.
(KMX) CarMax $0.29 EPS vs $0.29e; lowered 2008 guidance to $0.92-0.98 vs. prior guidance of $1.03-1.14.
(KWD) Kellwood received a $21 non-binding offer proposal from Sun Capital.
(LEND) Accredited Home Lenders Holding Co. trading up 17% at $11.50 as Lone Star and it agreed on a lowered $11.75 buyout price.
(MS) $1.38 EPS vs $1.54 estimate; will take $940 million or $0.33 per share in writedowns; $480 million in quantitative strategies.
(PAA) Plains All American Pipeline’s subsidiary Plains L.P.G. Services has signed a definitive agreement to acquire the Tirzah L.P.G. storage facility from Suburban Propane and Suburban Pipeline for approximately $55 million.
(RNVS) Renovis to be acquired by Evotec in an all stock transaction valued at approximately US$ 151.8 million.
(TASR) TASER won a U.S. Forest Service purchase order for 700 TASER X26 electronic control devices.
(XMSR/SIRI) XM & Sirius trading down on UBS downgrade, and Wisconsin AG sent letter to US Atty General asking him to block the merger.
Jon C. Ogg
September 19, 2007
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