Pre-Market Stock News (October 2, 2007)
October 2, 2007 by Douglas A. McIntyre(AXL) American Axle traded up after-hours as Cramer said they would benefit from UAW contracts like GM did.
(BMC) BMC Software names former SVP at Oracle as head of North American sales.
(BRLC) Syntax-Brillian names Li as CEO, Sollitto as Chairman.
(C) Citigroup will acquire the remaining stake in Nikko Cordial through a share exchange.
(CBH) Commerce Bancorp is being acquired $10.50 cash and 0.4142 shares of TD in total of $8.5 Billion cash and stock merger valued at $42.00 per share before any dilution.
(DM) Dolan Media noted as positive post-IPO that has been overlooked or undercovered.
(EFJI) EFJ, Inc. lowered guidance.
(F) Ford traded up after-hours as Cramer said they would benefit from UAW contracts like GM did.
(GNVC) GenVec will receive $5.1 million for second year funding from Nat’l Inst. of Health for HIV vaccines.
(HSY) Hershey CEO is stepping down at the end of the year.
(IHS) IHS is acquiring EnviroMax for $22.5 million.
(IRM) Iron Mountain is acquiring RMS Services.
(ISIS) ISIS Pharma announced it earned a $5 million milestone payment from J&J’s Ortho-McNeil for initiation of phase I study of ISIS 325568 for Type II diabetes.
(JCI) Johnson Controls trades ex-split to reflect 3 for 1 stock split.
(MIVA) MIVA lowered guidance.
(MFA) MFA Mortgage announced an offering of 5.5. million shares.
(MU) Micron reports earnings.
(PALM) Palm $0.09 EPS vs $0.08 est.; guidance was soft; stock down 4%.
(PBG) Pepsi Bottling $0.99 EPS vs $0.89 est.; raised guidance.
(PDLI) PDL traded higher after CEO is stepping down and company to persue sale.
(PH) Parker Hannifin trades ex-split to reflect a 3-2 split.
(PRW) Pro-Pharma names new CFO.
(PTNX) Printronix being acquired for $16.00 per share by Vector Capital.
(STLD) Steel Dynamics is buying private OmniSource in recycling and scrap for over $1 Billion.
(SUF) Sulfco registered just over 9 million shares for sale.
(TXC) Transwitch lowered guidance.
(VAL) Valspar lowered guidance.
(VIAC) Viacell being acquired by Perkins Elmer for $7.25 per share.
Jon C. Ogg
October 2, 2007
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