Winners & Losers

Friday's Tech Winners & Losers

 

Shares of Kronos(KRON) were among technology's winners Friday, jumping 14% after the software company agreed to be acquired by private equity firm Hellman & Friedman Capital Partners for about $1.8 billion, or $55 a share.

The all-cash deal represents an 18% premium over Thursday's closing price of $46.63. "We are pleased to announce this agreement, which represents the culmination of a thorough review of our standalone plan and strategic alternatives," Kronos said. The deal is expected to close during the fourth quarter of fiscal 2007. Shares of Kronos were recently trading up $6.33, to $52.96.

Bookham(BKHM) slumped 10% after the telecom-equipment company said it will sell about 13.6 million shares of stock for $28.6 million in a private placement. The company will also issue warrants to buy about 4.1 million shares of stock. The warrants will have an exercise price of $2.80 a share. Bookham plans to use proceeds from the offering to fund its working capital needs. Shares were trading down 25 cents, to $2.10.

Shares of Bell Fuse(BELFB) soared 20% after Technitrol(TNL) offered to buy the company for about $480 million in cash, or $40.30 a share. The price, if Bell Fuse agrees to the offer, represents a 21% premium to Bell Fuse's closing price of $33.24 on Thursday.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet