gained Tuesday after the Anaheim, Calif., circuit board maker was upgraded by First Albany to strong buy from neutral.
Analyst Hugh Mai said that despite concerns about the MFS Technology acquisition, Multi-Fineline's "competitive advantages and robust growth opportunities are given away essentially for free at the current valuation." Shares climbed $2.33, or 7.3%, to $34.14.
rose after the Israel-based maker of inkjet-printing products said its principal shareholders
Clal Industries & Investments
Discount Investments Corp.
agreed to sell their shares in the company.
Israel Petrochemical Enterprise
, an Israeli holding company, will buy the stake for $165 million, or about $8.78 a share. The two companies agreed to sell all of their 18.8 million shares, which is about 49.4% of Scailex's outstanding share capital. Shares of Scailex advanced 64 cents, or 9.9%, to $7.10.
Superior Well Services
( SWSI) fell on the first trading day after the company filed documents with regulators detailing a proposed share sale.
The oil-well services company is planning to sell 2 million shares, while stockholders are selling another 2.8 million shares. The company won't get any proceeds from the stock sold by the holders. The underwriters have an over-allotment option to buy an added 720,000 shares. Superior's shares fell $1.51, or 4.9%, to $29.18.
surged after the Indianapolis-based grocery chain got a new takeover offer. The company said it received an unsolicited letter from Drawbridge Special Opportunities Advisors and Cardinal Paragon in which the firms say they want to acquire Marsh for $13.625 a share.
Earlier this month, Marsh agreed to be acquired by MSH Supermarkets Holding, an affiliate of Sun Capital Partners. That proposal valued Marsh at $11.125 a share. MSH is willing to let Marsh deal with Drawbridge and Cardinal if it agrees to certain conditions, including reimbursing MSH for transaction expenses. Marsh said it rejected MSH's conditions. Shares of Marsh were up $2.34, or 21.5%, to $13.25.