Dell, Compellent: Premarket Trading
(Premarket story updated with Dell, Compellent news and share price changes)
NEW YORK (TheStreet) -- Dell( CML) says it has a deal for Compellent( CML) after it bumped up its bid by 25 cents per share for the Eden Prairie, Minn.-based data storage outfit.
Dell stock has inched down 0.9% to $13.77 in premarket trading, while
Compellent
( CML) has slipped 2.4% to $28.01.
>>Dell Ups Bid, Signs Deal for Compellent
Thermo Fisher Scientific
(TMO) - Get Report
offered to buy
Dionex
( DNEX) for $118.50 a share in cash, or about $2.1 billion.
The offer represents a 21% premium to Dionex's closing stock price on Dec. 10, the last trading day prior to the offer announcement and a 32% premium to Dionex's average closing stock price over the last 60 trading days.
Shares of Thermo Fisher Scientific rose 2.8% to $54.50 in early trading while Dionex surged 19.9% to $117.75.
Shares of Israeli software and programming services provider
Ness Technologies
(NSTC)
soared by 19.6% to $5.50 in premarket trading as
Bloomberg
reports that four investment funds are bidding to buy the company for around $300 million.
General Electric (GE) - Get Report
offered to buy the U.K.'s Wellstream Holdings, a maker of pipeline products for oil and gas transportation, for 800 million pounds ($1.3 billion).
Shares of GE rose 0.7% to $17.84 in premarket trading Monday.
>>GE to Buy Wellstream for $1.3 Billion
Great Atlantic & Pacific Tea
( GAP), the grocery chain better known as A&P, filed for Chapter 11 bankruptcy protection on Sunday.
There were no premarket quotes Monday for A&P. Shares of the company plunged 67.1% to 93 cents at Friday's closing bell.
>>Grocery Chain A&P Files for Bankruptcy
JDS Uniphase
(JDSU)
rose 4.9% to $14.08 after being upgraded to overweight from neutral by Piper Jaffray.
Huntington Bancshares
(HBAN) - Get Report
was down 4.1% to $6.56 as it announces a $920 million public offering of its common stock, plans for a $300 million subordinated debt offering, and plans to repurchase $1.4 billion of Troubled Asset Relief Program capital.
BroadSoft
(BSFT)
shares were lower by 3.7% to $24.05 in premarket trading as
Bloomberg
reports that Broadsoft holders are increasing share sales to 4.8 million shares from 4.5 million shares.
>> Thermo Fisher Buying Dionex for $2.1B
>>Search for Highest Dividends by Rate or Yield
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-- Written by Andrea Tse in New York.
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RELATED STORIES:
>>Stock Futures Rise as China Sticks
>>Grocery Chain A&P Files for Bankruptcy
>>GE to Buy Wellstream for $1.3 Billion
>> Thermo Fisher Buying Dionex for $2.1B
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