Tyco International Ltd. (TYC) is rising nearly 2 percent to $54.50. Pentair, Inc. (PNR) is gaining 19 percent to $48.00. The company announced a definitive agreement to combine Tyco's Flow Control business with Pentair in a tax-free, all-stock merger. The new company will be named Pentair and will be led by Randall Hogan.
Netlist, Inc. (NLST) is gaining 12 percent to $3.96. The company announced that the U.S. Patent and Trademark Office recently issued two favorable Office Actions in the reexaminations of its '537 and '274 patents.
Robbins & Myers, Inc. (RBN) is gaining 10 percent to $50.16. The company's second quarter profit surged from the year-ago period. Sales also increased from the prior year period, and were above consensus. The company raised its fiscal 2012 adjusted earnings per share guidance range.
Family Dollar Stores, Inc. (FDO) is up nearly 1 percent to $58.76. The company's second quarter profit and sales improved from the previous year. The company also raised the lower end of its fiscal 2012 earnings guidance.
Synnex Corp. (SNX) is falling over 9 percent to $39.50. The company's first quarter profit increased 29 percent from the previous year. However, revenues fell 1.6 percent, and were also below Wall Street view. Additionally, the company guided second quarter results below consensus.
Arena Pharmaceuticals, Inc. (ARNA) is falling 6 percent to $3.06.
by RTT Staff Writer
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