Barnes & Noble: Premarket Trading
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.
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.
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-- 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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