Updated from 11:34 a.m. EDT

Shares of

First National Bankshares of Florida

were among the


winners Monday after the company agreed to be acquired by

Fifth Third Bancorp

(FITB) - Get Report

for $1.58 billion in stock.

First National shareholders will receive 0.5065 shares of Fifth Third Bancorp, or $25 a share in stock. First National has assets of about $5.3 billion and $3.9 billion in total deposits. The acquisition will allow Fifth Third to expand its presence in Florida, giving it more than $6 billion in managed assets in the state. One-time costs associated with the acquisition are not expected to exceed $100 million during the integration period. Shares of First National Bankshares traded up $6.52, or 37.7%, to $24.31. Fifth Third Bancorp traded down 20 cents, or 0.4%, to $49.16.

Reynolds American


rose after it reported strong second-quarter earnings. Reynolds American, the newly formed company comprising R.J. Reynolds and Brown & Williamson, earned $1.77 a share on sales of $1.35 billion. A year ago, it earned 83 cents a share on sales of $1.43 billion. The 5.5% sales reduction was offset by cost-cutting measures that were implemented during the integration of the two companies. Shares of Reynolds American traded up $2.35, or 3.3%, to $74.30.

Shares of

ATP Oil and Gas


rose after the company reported better-than-expected second-quarter earnings and sales. The oil and natural gas producer earned 28 cents a share on sales of $32.9 million. Analysts polled by Thomson First Call had expected it to earn 6 cents a share on sales of $31.9 million. A year ago it earned 2 cents a share on sales of $18.5 million. Shares traded up 78 cents, or 8.5%, to $9.97.

Corinthian Colleges


fell after it warned that fourth-quarter earnings would miss the mark and said the quarter ending Sept. 30 would fall short as well. The for-profit education company said that it now expects to earn 19 cents to 20 cents a share during the fourth quarter. Analysts had expected it to earn 28 cents a share. For its fiscal first quarter, which ends Sept. 30, it now expects to earn 17 cents to 19 cents a share. Analysts were looking for 28 cents a share. Corinthian said that higher marketing costs and other expenses contributed to the dour outlook. Shares of Corinthian Colleges traded down $8.43, or 45%, to $10.29.

Shares of

Cox Communications


rose after its parent company, Cox Enterprises, said it would buy all of the company's outstanding shares for about $7.9 billion. Citigroup Global Markets and Lehman Brothers served as advisers to Cox Enterprises and have agreed to provide $7.9 billion in funding for costs associated with the transaction and an additional $2.1 billion that Cox Enterprises will use for working capital and other corporate expenses. Shares of Cox Communications traded up $5.58, or 20.2%, to $33.16.

NYSE volume leaders included



, up 2 cents to $3.07;

Nortel Networks


, up 16 cents to $3.82;


(C) - Get Report

, up 23 cents to $44.32;

Liberty Media

(L) - Get Report

, up 12 cents to $8.60; and

General Electric

(GE) - Get Report

, up 1 cent to $33.26.


volume leaders included


(INTC) - Get Report

, up 52 cents to $24.90;


(MSFT) - Get Report

, up 3 cents to $28.52;


(CSCO) - Get Report

, up 32 cents to $21.24;


(ORCL) - Get Report

, up 16 cents to $10.67; and

JDS Uniphase


, up 2 cents to $3.47.