This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

11 Stocks to Watch: TRH, KCI, ERTS


NEW YORK ( TheStreet) -- Reinsurance firm Validus (VR) announced a $3.5 billion proposal to buy reinsurance company Transatlantic Holdings (TRH) in a bid "superior" to the $3.2 billion offer from Allied World Assurance (AWH), the company said.

Validus said its $55.95 a share offer represents a 12.1% premium to the value of Transatlantic's previously announced proposed acquisition by Allied World as of July 12 and 14.1% premium to Transatlantic's July 12 closing price.

Validus shares were falling 1.2% to $30.44 in premarket trading Wednesday, while Transatlantic shares were surging by 8% to $52.95.

Kinetic Concepts (KCI), a provider of hospital beds, said Wednesday it agreed to be acquired by funds advised by Apax Partners, and affiliates of Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, for $68.50 a share in cash, or $6.3 billion including debt.

Shares were popping 4.9% to $67.64.

Ending weeks of speculation, Electronic Arts (ERTS) announced Tuesday that it bought PopCap Games, the maker of popular smartphone games like Bejeweled and Plants vs. Zombies. The deal went down for about $750 million.

Shares of Electronic Arts were falling 3.9% to $23.23.

Hotel chain Marriott International (MAR) is expected to report second-quarter profit of 37 cents a share after the markets close Wednesday. The company reported profit of 31 cents a share a year ago.

Shares were rising 2.4% to $37.70.

Capital One Financial (COF) reported second-quarter profit of $1.97 a share vs. $1.33 a share a year ago. Analysts, on average, were expecting the company to report profit of $1.71 a share.

The company also announced plans for a $2 billion stock offering.

Capital One shares were ticking down 0.8% to $51.80 after spiking.

Bank of America's (BAC) $8.5 billion settlement with investors over mortgage-backed securities that went bad is being investigated by New York's attorney general.

Shares were rising 0.7% to $10.28.

Food giant General Mills (GIS) is expected to issue a fiscal 2012 outlook on Wednesday.

Shares were up 0.4% to $37.19.

Restaurant company Yum! Brands (YUM) is expected to report second-quarter profit of 61 cents a share after the markets close Wednesday. The company reported profit of 58 cents a share a year ago.

Shares were up 0.3% to $55.37.

Gilead (GILD) drugs prevent HIV infections, according to two new studies.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

Related links:

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

Select the service that is right for you!

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.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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