June 15 (Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Share prices are as of 11:40 a.m. New York time.
Build-A-Bear Workshop Inc. (BBW US) fell $5.75, or 19 percent, to $23.86. The maker of customized stuffed animals cut its second-quarter profit forecast in half because of slumping sales. Profit for the quarter ending June 30 will be 7 cents to 10 cents a share, down from a previous forecast of 15 cents to 19 cents, the company said.
Cenveo Inc. (CVO US) rose $1.61, or 7.1 percent, to $24.19. The commercial printer of books and catalogs said it agreed to acquire Madison/Graham ColorGraphics Inc. for an undisclosed price and expects the transaction to add to earnings.
Coinmach Service Corp. (DRA US) surged $1.53, or 13 percent, to $13.24. Babcock & Brown Ltd. (BNB AU), Australia's second- largest investment bank, agreed to buy the laundry company for about $713 million, or $13.55 a share. That's 16 percent more than the closing price of Coinmach's class A shares yesterday.
EpiCept Corp. (EPCT US) rose 27 cents, or 12 percent, to $2.45. The New Jersey-based pharmaceutical company said animal tests show its Azixa drug may effectively slow the growth of human tumors. Results of the tests will appear in today's edition of Cancer Research, published by the American Association of Cancer Research, according a statement from EpiCept. The research suggests that Azixa can slow the growth of solid tumors in mice, EpiCept said.
Expedia Inc. (EXPE US) added 97 cents, or 4 percent, to $25.43. Theflyonthewall.com reported that Chairman Barry Diller may take the world's largest online travel agency private for $30 a share, citing an unidentified source. A phone message seeking comment from Expedia wasn't immediately returned. Stifel Nicolaus analyst Scott Devitt said that a deal ``would make sense.''
Hansen Natural Corp. (HANS US) rose $3.07, or 7.7 percent, to $43.01. The maker of Monster Energy drinks was upgraded to ``buy''' from ``neutral'' at Goldman, Sachs & Co., which said Hansen sales and earnings growth may accelerate in the second half as management turns its attention from an options investigation to developing new products. ``We also see significant upside optionality for Hanson as an acquisition candidate,'' Goldman wrote.
Intel Corp. (INTC US) rose 97 cents, or 4.2 percent, to $24.20. Goldman upgraded shares of the world's largest chipmaker to ``buy'' from ``neutral'' and said Intel should benefit from rival Advanced Micro Devices Inc.'s (AMD US) likely decision to farm out production.
Lexmark International Inc. (LXK US) rose $1.83, or 3.6 percent, to $52.66. The second-biggest U.S. printer maker would be an attractive acquisition candidate and a leveraged buyout is ``doable'' in the $60 to $70 range, said Sanford C. Bernstein & Co. analyst Toni Sacconaghi. ``Its valuation is significantly more attractive than other recently announced technology LBOs,'' he wrote.
Monsanto Co. (MON US) climbed $2.39, or 3.8 percent, to $65.70. The world's biggest seed producer boosted its profit forecast for the fiscal year that ends in August because of increased U.S. demand for corn seed and crop chemicals.
Motient Corp. (MNCP US) fell 35 cents, or 2.6 percent, to $13.80. The wireless communications provider said it expects to begin trading on NASDAQ on June 20.
Nymex Holdings Inc. (NMX US), the operator of the New York Mercantile Exchange, the world's largest energy market, gained $3.67, or 2.6 percent, to $143.47. The New York Mercantile Exchange is exploring a sale to NYSE Euronext, Deutsche Boerse AG or Chicago Mercantile Exchange Holdings Inc., said two people involved in the discussions. Nymex Holdings may be worth $155 a share, or $14.3 billion, 11 percent more than yesterday's closing price, said one of the people, who asked not to be identified because the talks are confidential.
Penn National Gaming Inc. (PENN US) jumped $11.35, or 22 percent, to $62.49. The owner of 18 casinos and horse racing tracks agreed to be acquired by buyout firm Fortress Investment Group LLC (FIG US) for $6.1 billion, or $67 a share. The deal also includes debt totaling about $2.8 billion.
Fortress fell $1.15, or 4.6 percent, to $23.96.
Other gaming companies also climbed.
Boyd Gaming Corp. (BYD US) added $2.50, or 5 percent, to $52.30. Isle of Capri Casinos Inc. (ISLE US) rose $2.16, or 9.5 percent, to $24.80. Pinnacle Entertainment Inc. (PNK US) advanced $2.52, or 8.9 percent, to $31.
Power Integrations Inc. (POWI US) fell $3.52, or 12 percent, to $26. The maker of chips used in consumer electronics reduced its revenue forecast. It predicted as much as $43 million in the second quarter, down from the original projection of up to $46 million. Analyst Tore Svanberg at Piper Jaffray & Co. cut the stock's rating to ``market perform'' from ``outperform.''
RAIT Financial Trust (RAS US) gained $1.81, or 6.4 percent, to $30.04. The real-estate investment trust boosted its quarterly dividend to 84 cents from 80 cents.
ShengdaTech Inc. (SDTH US) rose $1, or 21 percent, to $5.69. The Chinese chemicals maker said it expects 43 cents to 45 cents a share this year on revenue of as much as $98 million.
Silverleaf Resorts Inc. (SVLF US) rose 60 cents, or 13 percent, to $5.30. The timeshare developer and manager increased its profit forecast for this year to a range of 70 cents to 72 cents a share.
Smith & Wesson Holding Corp. (SWHC US) rose 92 cents, or 6.2 percent, to $15.83. The parent of gun manufacturer Smith & Wesson Corp. boosted its forecast for fiscal 2008, predicting profit of 62 cents a share. Three analysts surveyed by Bloomberg had an average estimate of 60 cents.
Wolseley Plc (WOS US) American depositary receipts, each worth one share, rose 91 cents, or 4 percent, to $26.32. The world's biggest distributor of plumbing and heating equipment may be the target of a leveraged buyout. ``There are a number of persistent rumors out there,'' said Simon Brown, an analyst at Evolution Securities in London. ``Today there is a rumor of private-equity interest again. Wolseley is vulnerable, it's cheap and it's a very attractive business.''


No comments:
Post a Comment