Below is the top pre-market news that 24/7 Wall St. is looking at today:
- Knight Capital (NITE) is acquiring EdgeTrade inc. for $29.5 million cash and 2.3 million shares of common stock.
- Lowe’s (LOW) 0.43 vs 0.41 est, but lowered guidance for next quarter.
- Melco PBL (MPEL) trading lower after Barron’s noted that Macau casinos are bubble valuations.
- Natrol (NTOL) being acquired by Plethico Pharmaceuticals for $4.40 per share.
- Pharmion (PHRM) being acquired for $72.00 by Celgene.
- Quanex (QX) is Spinning-off its building products unit and will merge the remaining company with Gerdau at $39.20 per share.
- Radvision (RVSN) former chairman has bought roughly $2 million in stock.
- Tween Brand (TWB) $0.46 EPS as expected, but lowered guidance.
- Western Union (WU) renewed its agreement with Kroger.
- Wynn Resorts (WYNN) trading lower after Barron’s noted that Macau casinos are bubble valuations.
- Xerox (XRX) is resuming its quarterly dividend as part of its ongoing perpetual turnaround plan.
Jon C. Ogg
November 19, 2007
Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.