Verigy: Premarket Trading
(Premarket story updated with Verigy news and share price information.)
NEW YORK (TheStreet) -- Verigy (VRGY) said Thursday it received a revised proposal from Advantest (ATE) to acquire it for $15 a share in cash, an increase from a previous offer of $12.15 a share earlier this month.
Shares of Verigy rose 10.61%, or $1.34, to $13.97 in premarket trading Thursday.
AstraZeneca (AZN) said late Wednesday it would discontinue the development of Certriad, a treatment for mixed dyslipidemia, with Abbott (ABT) when their license agreement ends on Jan. 22, 2011.
Abbott closed at $47.84 on Wednesday. AstraZeneca is down 0.19%, or 9 cents, to $45.71 in premarket trading.
Office Depot (ODP) recently filed a change-in-control agreement with several of its executives with the Securities and Exchange Commission, signaling that a takeover may be on the horizon. Shares of the office products supplier were rising 2.27%, or 12 cents, to $5.40 in premarket trading.
Rovi (ROVI) agreed to buy Sonic Solutions (SNIC) for $720 million in a stock and cash transaction in efforts to expand its digital entertainment offerings. Sonic Solutions shares were climbing 24.68%, or $2.77, to $13.97 in premarket trading Thursday.
Bed Bath & Beyond (BBBY) beat Wall Street earnings expectations for a ninth straight quarter on Wednesday. The diversified retailer reported a third-quarter profit of $188.6 million, or 74 cents a share, up from $151.3 million, or 58 cents a share, a year earlier, and well ahead of analysts' expectations of 66 cents a share. Shares of Bed Bath rose 6.61%, or $3.15, to $50.82 in premarket trading.
Micron Technologies (MU) reported first-quarter earnings of $155 million, or 15 cents a share, coming in well below the average estimate of analysts polled by Thomson Reuters for earnings of 28 cents a share. Shares of the semiconductor manufacturer were down 3.62%, or 30 cents, to $7.98 in premarket trading Thursday.
The Irish government has recapitalized Allied Irish Banks (AIB) and taken it under state control. Shares of the company fell 15.6%, or 17 cents, to 92 cents in premarket trading.
Rio Tinto Group (RIO) has reached terms on a bid implementation agreement to acquire Australia's Riversdale Mining for A$3.9 billion. The all-cash offer values Riversdale shares at A$16 each, which represents a 46% premium to the weighted average price of Riversdale's stock from Nov. 3 to Dec. 3. Rio Tinto shares fell 1.03%, or 73 cents, to $70.24 in premarket trading.
|More on Earnings Today's Top Earnings|
>To contact the writer of this article, click here: Theresa McCabe. >To follow the writer on Twitter, go to @TheresaMcCabe. >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV