Verigy: Premarket Trading
(Premarket story updated with Verigy news and share price information.)
NEW YORK (TheStreet) -- Verigy( VRGY) said Thursday it received a revised proposal from Advantest (ATE) to acquire it for $15 a share in cash, an increase from a previous offer of $12.15 a share earlier this month.
Shares of Verigy rose 10.61%, or $1.34, to $13.97 in premarket trading Thursday.
>> Verigy Gets Raised Bid From Advantest
AstraZeneca
(AZN) - Get Report
said late Wednesday it would discontinue the development of Certriad, a treatment for mixed dyslipidemia, with
Abbott
(ABT) - Get Report
when their license agreement ends on Jan. 22, 2011.
Abbott closed at $47.84 on Wednesday. AstraZeneca is down 0.19%, or 9 cents, to $45.71 in premarket trading.
>> AstraZeneca, Abbott End Certriad Pact
Office Depot
(ODP) - Get Report
recently filed a change-in-control agreement with several of its executives with the Securities and Exchange Commission, signaling that a takeover may be on the horizon.
Shares of the office products supplier were rising 2.27%, or 12 cents, to $5.40 in premarket trading.
>>Retail Takeovers: Rumors Run Rampant
Rovi
(ROVI)
agreed to buy
Sonic Solutions
( SNIC) for $720 million in a stock and cash transaction in efforts to expand its digital entertainment offerings.
Sonic Solutions shares were climbing 24.68%, or $2.77, to $13.97 in premarket trading Thursday.
>> Rovi to Buy Sonic Solutions for $720M
Bed Bath & Beyond
(BBBY) - Get Report
beat Wall Street earnings expectations for a ninth straight quarter on Wednesday. The diversified retailer reported a third-quarter profit of $188.6 million, or 74 cents a share, up from $151.3 million, or 58 cents a share, a year earlier, and well ahead of analysts' expectations of 66 cents a share.
Shares of Bed Bath rose 6.61%, or $3.15, to $50.82 in premarket trading.
>> Bed, Bath & Beyond Breaks Out
Micron Technologies
(MU) - Get Report
reported first-quarter earnings of $155 million, or 15 cents a share, coming in well below the average estimate of analysts polled by Thomson Reuters for earnings of 28 cents a share.
Shares of the semiconductor manufacturer were down 3.62%, or 30 cents, to $7.98 in premarket trading Thursday.
>> Bed, Bath & Beyond, Micron: After-Hours Trading
The Irish government has recapitalized
Allied Irish Banks
(AIB)
and taken it under state control.
Shares of the company fell 15.6%, or 17 cents, to 92 cents in premarket trading.
>> Allied Irish Reportedly To Be Nationalized
Rio Tinto Group
(RIO) - Get Report
has reached terms on a bid implementation agreement to acquire
Australia's Riversdale Mining
for A$3.9 billion.
The all-cash offer values Riversdale shares at A$16 each, which represents a 46% premium to the weighted average price of Riversdale's stock from Nov. 3 to Dec. 3.
Rio Tinto shares fell 1.03%, or 73 cents, to $70.24 in premarket trading.
>> Rio Tinto Inks Deal to Buy Riversdale
More on Earnings Today's Top Earnings |
-- Written by Theresa McCabe in Boston.
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RELATED STORIES:
>> Verigy Gets Raised Bid From Advantest
>> Allied Irish Reportedly To Be Nationalized
>> AstraZeneca, Abbott End Certriad Pact
>>Retail Takeovers: Rumors Run Rampant
>> Rovi to Buy Sonic Solutions for $720M
>> Bed, Bath & Beyond Breaks Out
>> Bed, Bath & Beyond, Micron: After-Hours Trading
>> Rio Tinto Inks Deal to Buy Riversdale
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.