Shaw Group Inc. (SHAW: Quote) is jumping 65 percent to $43.99. Chicago Bridge & Iron Company N.V. (CBI: Quote) has agreed to acquire the company in a cash and stock transaction. Shaw's shareholders would receive $41.00 in cash and $5.00 in CB&I equity for each share of Shaw at closing. CBI is down 9 percent to $37.00.
Cal-Maine Foods Inc. (CALM: Quote) is rising 8 percent to $39.39. The company's fourth quarter profit and net sales surged from the previous year period.
Progenics Pharmaceuticals, Inc. (PGNX: Quote) is slumping 44 percent to $6.07 and Salix Pharmaceuticals, Ltd. (SLXP: Quote) is plunging 10 percent to $47.76 based on the news that they have received a complete response letter from the FDA following its review of a supplemental new drug application for RELISTOR injection for subcutaneous use for the treatment of opioid-induced constipation in adult patients with chronic, non-cancer pain.
Trina Solar Ltd. (TSL: Quote) is falling 9 percent to $4.91. The company lowered its second quarter solar module shipments and overall gross margin guidance. The company noted that an overcapacity-induced deflationary pricing environment caused the shortfall in gross margin.
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by RTT Staff Writer
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