Monday's Winners & Losers: Station Casinos

Shares of Station Casinos(STN Quote) were among the NYSE's winners Monday, jumping 18% after the casino operator said it received an acquisition proposal for $82 a share in cash.

The bid came from CEO Frank Fertitta and Colony Capital, a private equity company that already owns several casinos. Station has set up a special committee to evaluate the offer. The proposed bid represents a 19% premium over Station's closing price of $69.10 on Friday. Shares of Station Casinos recently were up $12.31 to $81.41.

Shares of Gold Kist(GKIS Quote) climbed 4% after the poultry company agreed to be acquired by Pilgrim's Pride(PPC Quote) for $21 a share, or $1.1 billion. Gold Kist had rebuffed Pilgrim's Pride's August offer of $20 a share, calling the bid "inadequate." The sweetened bid offers a 62% premium over Gold Kist's closing price Aug. 18, the last trading day before the first proposal.

The combined company will become the world's leading chicken producer and third-largest U.S. meat protein company by revenue. Shares of Gold Kist were adding 85 cents to $20.82, while shares of Pilgrim's Pride jumped $2.30, or 9%, to $27.68.

Ashland(ASH Quote) fell 1% after Dow Chemical(DOW Quote) ended a supply agreement with the company. Ashland's agreement for the distribution of Dow plastics will end on March 1, 2007.

"While we regret Dow's decision, we are prepared to respond quickly," Ashland said. "Because of our partnerships with a variety of global manufacturers, we are prepared to offer our customers a range of conversion options to meet their performance, quality and delivery needs." Shares were trading down $1 to $66.99.