Aeroflex (ARXX Quote) surged 19% on news of a $1 billion buyout by General Atlantic and Francisco Partners. Shareholders of the Plainview, N.Y., microelectrics firm will get $13.50 a share in cash, a 22.6% premium to Friday's closing price. Shares rose $2.13 to $13.14.
Pathmark (PTMK Quote) rose 10% after the New Jersey-based supermarket chain set plans to sell itself to A&P (GAP Quote) for about $1.3 billion in cash and stock. The deal should close between September 2007 and February 2008. Pathmark was jumping $1.12 to $12.37, while A&P was adding 92 cents, or 3%, to $31.78.
Gastar Exploration (GST Quote) rose 14% after saying work was finished on an East Texas gas well in which it has a 50% postcompletion working interest. The initial gross daily flow rate is about 12 million cubic feet, says the Houston-based company. Shares were rising 21 cents to $1.71. ...
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