Onyx Pharmaceuticals, Inc. (ONXX: Quote) is surging 51 percent to $131.20 based on the news about an unsolicited proposal from Amgen Inc. (AMGN: Quote) to acquire the company's outstanding shares and share equivalents for $120 per share in cash. Onyx had evaluated the proposal and has determined that the price significantly undervalues company and therefore rejected the offer. AMGN is up nearly 1 percent to $99.50.
Canadian Solar Inc. (CSIQ: Quote) is up 6 percent to $11.72. The company announced that it has been awarded an exclusive module supply agreement to provide photovoltaic modules totaling 91MW for Soleq Solar power plant projects in Thailand.
Nokia Corp. (NOK: Quote) is up 7 percent to $4.00. The company agreed to acquire Siemens (SI)' entire 50 percent stake in their joint venture Nokia Siemens Networks for about $2.2 billion.
Apple Inc. (AAPL: Quote) is rising over 1 percent to $402.58.
Noodles & Company (NDLS: Quote), which began trading on Friday after its initial public offering, is up 4 percent to $38.40.
BlackBerry (BBRY: Quote) is down 4 percent to $10.00.
Trading in shares of EZCORP, Inc. (EZPW: Quote) was halted. The company announced that it does not expect to achieve its previously announced guidance for its third fiscal quarter ended June 30, 2013, and its current fiscal year ending September 30, due to the decline in gold prices and the subsequent decline in gross margins on gold scrapping. The company expects the impact on earnings per share to be in excess of 35 cents in the second half of the fiscal year.
Trading in shares of NetSpend Holdings Inc. (NTSP) was halted.
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by RTT Staff Writer
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