LeCroy Corp. (LCRY: Quote) is rising 55 percent to $14.18. Teledyne Technologies Inc. (TDY) has agreed to acquire the company for $14.30 per share payable in cash. The aggregate value for the transaction is approximately $291 million.
Interline Brands Inc. (IBI: Quote) is jumping 41 percent to $25.30. The company has agreed to be acquired by affiliates of GS Capital Partners LP and P2 Capital Partners, LLC for $25.50 per share in cash.
Chesapeake Energy Corp. (CHK: Quote) is gaining 3 percent to $16.29. Last week, activist investor Carl Icahn disclosed that he has acquired a 7.6 percent stake in the natural gas producer. In addition, Icahn has asked at least 4 of the current company directors be immediately replaced.
Vertex Pharmaceuticals Inc (VRTX: Quote) is plunging 19 percent to $52.25. The company corrected data in the interim analysis of Phase 2 combination study of VX-809 and KALYDECO (ivacaftor) in people with Cystic Fibrosis who have two copies of the F508del Mutation. The company stated that responder analysis showed 35% of patients experienced an absolute improvement in lung function of at least 5 percentage points and 19% had at least a 10 percentage-point improvement when treated with VX-809 and KALYDECO. On May 7th, the company announced that 46 percent experienced an improvement from baseline to Day 56 in lung function of 5 percentage points or more, and 30 percent experienced an improvement from baseline to Day 56 of 10 percentage points or more.
Facebook, Inc. (FB: Quote) is down nearly 2 percent to $31.39.
Trading in shares of BancTrust Financial Group, Inc. (BTFG: Quote) was halted. The company has agreed to merge into Trustmark Corp. (TRMK). The transaction is valued at about $55.4 million, or $3.08 per share of BancTrust common stock.
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by RTT Staff Writer
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