Gen-Pro spikes higher on Hologic buyout
Deal Carries 20 Percent Premium
Gen-Probe agreed to be acquired by Hologic for $82.75 a share in cash. HOLX expects the transaction to add to $0.20 to its earnings this year. GPRO is up 20 percent in the premarket on my tradeMONSTER platform.
Demand Media's Near-Takeover
Demand Media was almost acquired last week by Thomas H. Lee at a 100 percent premium, according to web site AllThingsD. The deal was flustered by complications and personnel matters, but the bulls don't care. DMD is rallying 35 percent in premarket trade this morning.
Energy Transfer to Buy Sunoco
Sunoco agreed to a buyout at the hands of Energy Transfer Partners, valuing the refiner at $50.13 a share. SUN pops 22 percent in early trading.
LDK Solar Reports Giant Loss, Terrible Outlook
LDK Solar reported a giant fourth-quarter loss of $4.63 a share, much worse than the $0.85 expected by analysts. Revenue also missed and the outlook was even worse. First-quarter sales are expected to total no more than $230 million, while consensus is looking for $397.2 million. LDK drops 10 percent before the bell.
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