This Day On The Street
Continue to site
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 to Watch: American Dental Partners, Force Protection

NEW YORK ( TheStreet) -- American Dental Partners (ADPI) said it agreed to be bought by funds affiliated with private-equity firm JLL Partners for $19 a share in cash, representing a premium of 83% over American Dental's closing price on Friday. The total value of the deal is roughly $398 million.

American Dental also reported third-quarter earnings of 27 cents a share, beating the Wall Street consensus target of 23 cents.

Shares were surging 79.2% to $18.60.

Specialty vehicles provider Force Protection (FRPT - Get Report) agreed to be bought by combat vehicle manufacturer General Dynamics (GD - Get Report) for $5.52 a share, or roughly $360 million.

Shares were soaring 33% to $5.60.

Mobile broadband company Tekelec (TKLC) agreed to be bought by a consortium led by Siris Capital for about $780 million. Under the deal, Tekelec's stock will be acquired for $11 a share in cash, representing an 11% premium over its closing price on Nov. 4.

Tekelec also reported third-quarter profit of 19 cents a share, beating estimates by a penny.

Shares were surging 9.9% to $10.88.

BP's (BP - Get Report) planned $7.1 billion sale of a stake in Pan American Energy to Cnooc (CEO) has fallen apart.

Bridas Corp., which is owned by China's Cnooc, and by the Bulgheroni family of Argentina, said late Saturday it scrapped the transaction, citing legal reasons and BP's behavior during deal talks.

BP, in a statement, said its financial condition has improved significantly over the past year and that it will keep its stake in Pan American Energy.

BP was falling 1.3% to $43.27.

Pay TV provider DISH Network (DISH - Get Report) reported third-quarter profit of 71 cents a share, missing the average analyst estimate by 2 cents. Shares were down 0.9% to $23.28.

Barnes & Noble (BKS - Get Report) on Monday is expected to unveil a new tablet device and could cut the price of its Nook Color, according to reports.

The bookseller plans a "very special announcement" for Monday.

Barnes & Noble's new tablet device is a response to Apple's (AAPL - Get Report) iPad and Amazon's (AMZN - Get Report) Kindle Fire. Apple shares were flat at $399.88 and Amazon shares were lower by 0.2% to $216.

Carphone Warehouse, the U.K. cell phone retailer, on Monday said it plans to sell its stake in a U.S. mobile phone venture to its partner Best Buy (BBY - Get Report) for $1.34 billion. Best Buy shares were flat at $27.29.

Berkshire Hathaway (BRK.A - Get Report) reported a drop of 24% in third-quarter profit on sharp declines in the value its equity derivative contracts.

Earnings reports also are expected Monday from Sysco (SYY - Get Report) and Louisiana-Pacific (LPX - Get Report).

-- Written by Joseph Woelfel and 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.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
AMZN $502.13 0.00%
BBY $28.20 0.00%
BP $30.46 0.00%
CEO $98.61 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs