Friday's Small-Cap Winners & Losers
Updated from 12:56 p.m. EDT
Image Entertainment (DISK) soared 21.1% Friday after BTP Acquisition, a group lead by film financier and producer David Bergstein, agreed to buy the film distributor for $4.40 a share, a 27% premium to Thursday's closing price. The $132 million deal should close by July 31. Shares of the Chatsworth, Calif., company closed up 73 cents to $4.19.
Magma Design Automation (LAVA), a Mountain View, Calif., semiconductor, gained on word it had settled a patent-infringement suit brought by Synopsys (SNPS) for $12.5 million. Other terms weren't disclosed. Magma shares rose $1.74, or 17%, to $11.96. Synopsys was lately up 12 cents to $26.23.
Minnesota's Gander Mountain (GMTN) bested Wall Street estimates for the quarter ended Feb. 3. Income totaled $15.3 million, or 85 cents a share -- which, excluding a one-off 50-cent per-share charge, crushes the 97-cent consensus, according to Thomson Financial. Revenue, at $326.9 million, tops the $318.1 million consensus estimate. Shares of the outdoor-equipment retailer added $1.31, or 13.3%, to $11.16.
Vivus (VVUS) will sell rights and assets related to EvaMist, its proposed spray treatment for menopause symptoms, to KV Pharma (KVA) for $10 million upfront, another $140 million on regulatory approval and up to $30 million in milestone payments depending on sales. California-based Vivus rose 40 cents, or 8.5%, to $5.13. KV class A shares closed off 23 cents to $24.73; its class B stock (KVB) fell 20 cents to $24.68.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV