Barnes & Noble: Premarket Trading

Activist hedge fund manager Bill Ackman said he would be ready to finance Borders' acquisition of competitor Barnes & Noble, according to a report.
By Andrea Tse ,


NEW YORK (TheStreet) -- Activist hedge fund manager Bill Ackman has reported a 37% stake in Borders Group (BGP) , an increase from 31% in May and said he would be ready to finance Borders' acquisition of competitor Barnes & Noble (BKS) - Get Report for around $900 million, according to Dow Jones Newswires.

Shares of Barnes & Noble have shot up 19.4% to $15.85 in premarket trading. Borders finished flat on Friday at $1.08.

MetLife (MET) - Get Report

said it expects to increase operating earnings in 2011 by 38% over 2010 to between $5.1 billion and $5.5 billion, or $4.75 to $5.15 a share. It expects to grow premiums, fees and other revenues 30% next year to between $45.8 billion and $47 billion.

There were no premarket trades for MetLife early Monday. The stock closed Friday down 0.8% to $40.14.

>> MetLife Sees 2011 Operating Net Up 38%

Dollar General

(DG) - Get Report

said adjusted third-quarter net income rose 76% to $133 million, or 39 cents a share, from $76 million, or 24 cents a diluted share, the same time last year, beating the consensus estimate of 35 cents a share.

Dollar General's stock fell 2%, or 68 cents, to $32.75 in premarket trading.

Rio Tinto

(RIO) - Get Report

has approached Australia's

Riversdale Mining

about a takeover at 15 Australian dollars a share ($14.81), or $3.5 billion, according to Riversdale, the Australian miner.

Shares of Rio fell 0.1% to $70.01 in premarket trading.

>>Rio Tinto In Buyout Talks With Riversdale

AOL

(AOL)

is actively exploring a breakup involving a complicated series of transactions that may lead to a merger with

Yahoo!

(YHOO)

,

Reuters

reports, citing sources close to the plans.

There were no premarket trades for AOL early Monday. The shares rose 2.5% to $25.18 on Friday.

Yahoo! shares fell 0.3% to $16.30 in premarket trading Monday.

>>AOL Mulls Breakup, Yahoo! Deal: Report

3M

(MMM) - Get Report

agreed to acquire Switzerland's

Winterthur

for 62 Swiss francs or about $448 million.

3M fell 0.1% to $86.89 in premarket trading Monday.

>>3M to Buy Switzerland's Winterthur

Allergan

(AGN) - Get Report

has received Food and Drug Administration approval to sells its weight-loss device to Americans of lower obesity levels.

Allergan rose 0.8% to $68.80 on Friday.

FedEx

(FDX) - Get Report

said from January it will begin to ramp up its ground and home delivery rates by 4.9%.

FedEx fell 0.2% to $95 on Friday.

>>Search for Highest Dividends by Rate or Yield

-- Written by Andrea Tse in New York.

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RELATED STORIES:

>> MetLife Sees 2011 Operating Net Up 38%

>>Rio Tinto In Buyout Talks With Riversdale

>>AOL Mulls Breakup, Yahoo! Deal: Report

>>3M to Buy Switzerland's Winterthur

>> Big Lots, Walter: Premarket Trading

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