Breaking News
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade BKS now with 

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.

Register
To receive FREE breaking news email alerts for Barnes & Noble Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.