This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Monday's Winners & Losers: Primedia

Primedia (PRM) was among the NYSE's winners Monday, as shares jumped 13% after the media company agreed to sell its portfolio of enthusiast magazines to Source Interlink (SORC) for $1.2 billion in cash.

The deal includes more than 70 magazines and 90 Web sites. "Our review of strategic alternatives is complete and our direction is clear," Source Interlink said. "Over the last several years Source has driven the consolidation of a fragmented and inefficient channel for the distribution and merchandising of home entertainment content at retail and the newsstand. This acquisition is a first step to leverage what we have built by transforming Source into a fully integrated media company with both print and digital content."

The acquisition, which is expected to close during the middle of the summer, should be accretive to earnings, Source Interlink said. Shares of Primedia were trading up 33 cents to $2.82, while shares of Source Interlink were trading down $1.23, or 18%, to $5.57.

Republic Property Trust (RPB) jumped 12% after the real estate investment trust said that it formed a special committee to explore strategic alternatives, including the possible sale of the company. The company also said that it received an unsolicited indication of interest last week from another publicly traded REIT. "It is contemplated that this and any other expressions of interest will be referred to the special committee and its advisors for their evaluation and consideration," the company said. Shares were trading up $1.31 to $12.32.

Shares of Stone Energy (SGY) rose 5.8% after the company agreed to sell its Rocky Mountain natural gas assets to Newfield Exploration (NFX) for $575 million in cash.

"The sale of our Rocky Mountain properties will provide us with the proceeds to materially reduce our debt position, just as we planned back in January," Stone Energy said. "This sale is consistent with the four key goals we set for the year -- hit or exceed our production target, drill successful exploitation wells, execute the sale of the Rocky Mountain properties and selected Gulf Coast properties, and materially reduce debt through these asset sales and free cash flow." The company said that it plans to maintain a 35% proportional working interest in several undeveloped areas in the region, accounting for about 60,000 acres. The sale is expected to close at the end of June or in early July. Shares of Stone were trading up $1.89 to $34.63.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David 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
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
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.
DOW 16,424.85 +162.29 1.00%
S&P 500 1,862.31 +19.33 1.05%
NASDAQ 4,086.2250 +52.0640 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs