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Pre-market Movers For April 30- BKS, HUM, SUN, GPRO, MNKD, SCHL, LYB, HOLX, WCRX

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Gainers:

Barnes & Noble, Inc. (BKS: Quote) is jumping 91 percent to $26.16. Microsoft (MSFT) will make a $300 million investment in a new Barnes & Noble subsidiary at a post-money valuation of $1.7 billion in exchange for an approximately 17.6% equity stake. Barnes & Noble will own approximately 82.4% of the new subsidiary, which would include NOOK Digital and College Businesses.

Sunoco, Inc. (SUN: Quote) is up 21 percent to $49.50 based on the news that Energy Transfer Partners L.P. (ETP) has agreed to acquire the company in a transaction valued at $50.13 per share, or a total consideration of approximately $5.3 billion.

Gen-Probe Inc. (GPRO: Quote) is rising 20 percent to $82.24. Hologic Inc. (HOLX: Quote) has agreed to acquire all of the outstanding shares of the company for $82.75 per share in cash, or a total enterprise value of nearly $3.7 billion. HOLX is up 5 percent to $22.25.

MannKind Corp. (MNKD: Quote) is up 7 percent to $2.40. The company announced a license agreement granting Tolero Pharmaceuticals exclusive rights to develop and commercialize compounds from its novel Bruton's tyrosine kinase program, which are currently being developed for the treatment of hematological malignancies and inflammatory diseases. Tolero will pay MannKind upfront and milestone payments of approximately $130 million.

Scholastic Corp. (SCHL: Quote) is rising 10 percent to $34.18 as the company lifted its fiscal 2012 earnings forecast, citing stronger than anticipated sales of The Hunger Games trilogy following the March 23rd movie release. Meanwhile, the company said its prior 2012 guidance for revenue and free cash flow remains unchanged.

Warner Chilcott plc (WCRX) is gaining 17 percent to $22 amid a report that it is seeking options, including possible sale of the company.

Decliners:

Humana Inc. (HUM: Quote) is falling nearly 4 percent to $84.07. The company's first quarter profit declined from the previous year period and was below analysts' estimate. Consolidated revenues improved 11 percent. The company expects second quarter and fiscal 2012 earnings below Wall Street view.

LyondellBasell Industries (LYB: Quote) is down 2 percent to $44.90. The company's first quarter earnings and sales and other operating revenues declined from the year-ago quarter.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
After recovering from an initial move to the downside, stocks have shown a lack of direction over the course of the trading day on Tuesday. The choppy trading comes on the heels of the notable pullback seen in the previous session. With lawmakers failing to address corporate tax reform before adjourning for the campaign season, the Treasury Department announced Monday that it is taking targeted action to reduce the tax benefits of corporate tax inversions. Eurozone business activity in September expanded at the slowest pace seen so far this year, adding pressure on the European Central Bank to provide more measures to stimulate the region. The composite output index of the purchasing managers' survey fell to a nine-month low of 52.3 in September from 52.5 in August, preliminary data from Markit Economics showed Tuesday.
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