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Pre-market Movers For March 13 (INTC, WOLF, MDS, CRTX, WYNN, URBN)

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3/13/2012 8:48 AM ET

Gainers:

Intel Corp. (INTC: Quote) is up 0.39 percent to $27.09. The chipmaker is reportedly planning to launch an Internet-based pay-TV service to consumers in the U.S.

Great Wolf Resorts, Inc. (WOLF: Quote) is gaining 24 percent to $5.21 as it agreed to be acquired by an affiliate of Apollo Global Management LLC (APO) for $5.00 per share.

Midas, Inc. (MDS: Quote) is gaining 27 percent to $11.44. Palm Beach Gardens, Florida-based TBC Corp. agreed to acquire the company through a cash tender offer at $11.50 per share. The all-cash transaction is worth about $310 million, including the assumption of approximately $137 million in debt and pension liabilities.

Cornerstone Therapeutics, Inc. (CRTX: Quote) is up 10 percent to $ based on its announcement that the FDA has accepted a New Drug Application for CRTX 080, its product candidate for the treatment of hyponatremia.

Wynn Resorts, Ltd. (WYNN: Quote) is up 2 percent to $123.60. Universal Entertainment has filed a counterclaim against the company to prevent the redemption of shares owned by Aruze USA, Inc., at a 30 percent discount, and to seek damages, punitive damages and treble damages. Last month, Wynn filed lawsuit against Kazuo Okada, Aruze USA, Inc. and Universal Entertainment, and also asked him to resign as a director and redeemed his 20 percent stake in the company.

Decliners:

Urban Outfitters, Inc. (URBN: Quote) is falling 3 percent to $28.73 as the company's fourth quarter profit declined from the year-ago quarter. Both earnings per share and sales were below Wall Street view.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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