Updated from 2:07 p.m. EDT with new stock prices
Small-cap stocks suffered a selloff Friday, reflecting a downward slide in the broader market. The Russell 2000 shed 3% to 740.70, and the S&P SmallCap 600 lost 2.9% to 390.40.
Among the losers,
(MRVC - Get Report) fell 24.2% to $1.44. The Chatsworth, Calif., semiconductor company said it may restate results following a review of its stock-option practices from 2002 through the first quarter of 2004.
Also sliding, shares of
(EVC - Get Report) gave up 18.3% to $4.72. Citigroup downgraded the Santa Monica, Calif.-based Spanish-language media company to hold from buy.
, a Houston-based oil and natural gas company, tumbled 17.8% to $23.17. The firm announced a 1.53 million-share private stock offering priced at $22.50 a share.
On the winning side, a buyout bid lifted
, shares of which skyrocketed 45.2% to $2.57.
said its Axway subsidiary is buying Tumbleweed, a Redwood City, Calif.-based provider of managed file transfer, email security and identity validation products, for $138 million, or $2.70 a share.
, which operates Continental Express Airlines, climbed about 9% but is now trading up about 1% at $1.97. The Houston-based company announced it reached a seven-year capacity deal with
. The contract allows ExpressJet to fly for other carriers and explore strategic alternatives.
China Architectural Engineering
announced it will begin trading on the
under ticker symbol "CAEI" on June 10. Shares climbed 7.6% to $9.91 on the Amex Friday.