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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Stocks to Watch: Primedia, Siga


NEW YORK (TheStreet) -- Shares of online apartment finder Primedia (PRM) were surging 54.1% to $6.75 after agreeing to be bought by private-equity firm TPG Capital for $7.10 a share in cash, or about $525 million.






The provider of products that fight biowarfare diseases, Siga Technologies (SIGA), was surging 8.9% to $15.45, after announcing that it has won a five-year contract with the Biomedical Advanced Research and Development Authority of the U.S. Department of Health and Human Services to deliver 2 million courses of its smallpox antiviral product, ST-246, to the strategic national stockpile.






Exchange operator NYSE Euronext (NYX) was plunging 8.7% to $37.35 after the NASDAQ OMX Group (NDAQ)and IntercontinentalExchange (ICE) announced that they are withdrawing their proposal to buy NYSE Euronext, following discussions with the U.S. Department of Justice antitrust division.






Shares of Lowe's (LOW), the home-improvement retailer, were tumbling 5.1% to $24.45 in premarket trading Monday after saying its first-quarter earnings fell 5.7% and came in below analysts' estimates.






Joy Global (JOYG), the maker of mining equipment, agreed to acquire LeTourneau Technologies from Rowan (RDC) for $1.1 billion in cash. Rowan shares were trading sideways at $38.01.






Pay TV company Dish Network (DISH) said Joseph Clayton has been named the company's new CEO, effective June 20.






Amylin Pharmaceuticals (AMLN) is suing Eli Lilly (LLY), accusing Lilly of anticompetitive activity and breaching alliance agreements with Amylin on maximizing the commercialization of diabetes treatment exenatide.






American International Group (AIG) and the U.S. Treasury's $9 billion stock sale have drawn interest from investors for about half the offering, the Wall Street Journal reported, citing sources familiar with the situation.

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-- Written by Andrea Tse in New York.



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Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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