Shares of

Paxar

(PXR)

were among the

NYSE's

winners Friday, jumping 20% after the maker of tags and labels agreed to be acquired by

Avery Dennison

(AVY) - Get Report

for $1.34 billion in cash.

Avery Dennison will pay $30.50 a share, a 27% premium over Paxar's closing price of $24.03 on Thursday. "This combination is a terrific strategic fit," said Avery Dennison. "Paxar's highly complementary capabilities advance our strategy to deliver exceptional products and superior service to customers at every level of the global retail supply chain, and to increase efficiency and reduce costs in a rapidly changing and increasingly competitive global marketplace."

Avery Dennison expects the transaction to result in annual cost savings of about $90 million to $100 million. The deal is expected by the end of the year, and after that is projected to add to Avery Dennison's earnings within one year. Shares of Paxar were trading up $4.76 to $28.79. Avery Dennison shares were gaining $1.37, or 2.1%, to $66.92.

CastlePoint

( CPHL), an insurance products company, saw its shares jump 11% on their first day of trading. The company's initial public offering priced at $14.50 a share, toward the high end of its proposed range of $13 to $15. The offering of 7.7 million shares raised about $111 million. Friedman Billings led the underwriting syndicate. The shares were trading up $1.55 to $16.05.

Shares of

Oneok

(OKE) - Get Report

rose 1% after the natural-gas distributor issued a first-quarter earnings guidance that was well above expectations. The company sees earnings of $1.31 to $1.41 a share. Analysts polled by Thomson First Call project earnings of $1.03 a share. For the full year, the company continues to forecast earnings of $2.35 to $2.75 a share, in line with Wall Street's forecast of $2.55. "

As anticipated, higher earnings related to more normal weather patterns and the benefit of the Kansas rate case are expected to result in a stronger first quarter 2007 performance, compared with the same period a year earlier," Oneok said. Shares were up 30 cents to $46.17.

Shares of

Jabil Circuit

(JBL) - Get Report

slumped 10% after the electronics-services provider gave a disappointing guidance for the third and fourth quarters, overshadowing stronger-than-expected second-quarter revenue. For the second quarter ended Feb. 28, the company posted revenue of $2.9 billion, up from $2.3 billion a year earlier. Analysts expected revenue of $2.81 billion. Jabil didn't release earnings because of an ongoing investigation into its stock-option practices.

Looking ahead, Jabil forecast third-quarter adjusted earnings of 17 cents to 23 cents a share, with revenue of $2.9 billion to $3 billion. Wall Street had targeted earnings of 44 cents a share and revenue of $3.04 billion.

For the fourth quarter, Jabil sees adjusted earnings of 29 cents to 34 cents a share, well below analysts' forecast of 50 cents. The company predicts revenue of $2.9 billion to $3 billion, compared with Wall Street's projection of $3.18 billion. Shares were down $2.55 to $22.38.

Shares of

A. Schulman

(SHLM) - Get Report

fell 6% after the supplier of plastic compounds cut its fiscal-year earnings outlook. For the period ending Aug. 31, the company now sees earnings of $25 million to $30 million, down from an earlier forecast of at least $32.7 million.

"The markets in both Europe and North America have been very difficult and we are not seeing the kind of recovery we were expecting earlier this year," the company said. Shares were slipping $1.27 to $20.76.

NYSE volume leaders included

Motorola

( MOT), up 26 cents to $17.76;

Ford

(F) - Get Report

, up 5 cents to $8.13;

Freeport McMoRan

(FCX) - Get Report

, down 16 cents to $61.75;

Nortel

( NT), down 62 cents to $23.96;

Qwest

(Q)

, up 17 cents to $9;

EMC

(EMC)

, up 27 cents to $13.80;

General Electric

(GE) - Get Report

, down 11 cents to $35.70; and

Pfizer

(PFE) - Get Report

, down 24 cents to $25.55.

Nasdaq

volume leaders included

CMGI

( CMGI), up 4 cents to $2.22;

Sun Microsystems

(SUNW) - Get Report

, down 11 cents to $6.20;

Amgen

(AMGN) - Get Report

, down $2.98 to $57.49;

Microsoft

(MSFT) - Get Report

, down 12 cents to $28.15;

Imclone Systems

(IMCL)

, up $4.04 to $37.92;

Cisco Systems

(CSCO) - Get Report

, down 2 cents to $26.35;

Intel

(INTC) - Get Report

, up 16 cents to $19.32; and

Oracle

(ORCL) - Get Report

, down 2 cents to $18.47.