Pre-Market Stock News (May 29, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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(ABN) ABN AMRO gets an RBS-led hostile bid of 71.1 billion Euros.
(AL) Alcan may still be the subject of rival bids and may even be considering turning around and trying to do a leveraged Pac-Man strategy buy of Alcoa (AA).
(ASN) Archstone-Smith may be acquired by a Tischman and Lehman investment group.
(AV) Avaya may be in takeover talks with Silver Lake according to WSJ.
(BIIB) Biogen Idec and Elan announce a FDA advisory committee meeting will review TYSABRI for the treatment of Crohn’s disease on July 31.
(CDWC) CDW is reportedly in talks to be acquired by private equity group Madison Dearborn Partners.
(CENX) Century Aluminum announces a 7.25M offering.
(ELN) Eland and Biogen Idec Elan announce a FDA advisory committee meeting will review TYSABRI for the treatment of Crohn’s disease on July 31.
(ESLT) Elbit was awarded thermal image contracts for some 450 million from Canadian and Israeli armed forces.
(EYE) Advanced Medical Optical is voluntarily recalling its Complete MoisturePlus on CDC reports that it could increase chances of cornea infection.
(F) Ford may sell Volvo’s car unit stake to BMW according to reports.
(GOOG) Google’s buy of DoubleClick is getting an FTC probe.
(JSDA) Jones Soda noted as “bubbly” and overvalued according to Barron’s.
(MEND) Micrus Endovascular received FDA clearance for its ENZO steerable microcatheter.
(NSTC) Ness Tech COO and the Chief marketing officer are leaving their posts.
(NOK) Nokia launched an “English language lesson service” for Chinese speakers via cell phones.
(NOOF) New Frontier Media CFO will step down.
(NPSN) Naspers Ltd. Unit Sanook.com is forming an online auction and ecommerce site with eBay in Thailand.
(VRSN VeriSign board elected William Roper to replace CEO that was stepping down.
(WGII) Washington Group is being acquired by URS for $80.00 implied, broken down as $43.80 cash and 0.772 URS shares.
(XFML) Xinhua Finance Media slammed hard in Barron’s article along with parent XHFNY.

Jon C. Ogg
May 29, 2007

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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