Elliott and JANA are set to gain on the buyouts of Riverbed and PetSmart that they pushed for.» Read More
Air T Inc.: Approximately 328,300 shares changed hands, a 2,029.0 percent increase over its 65- day average volume. The shares rose $3.61 or 15.6 percent to $26.77. ChemoCentryx Inc.: Approximately 2,356,500 shares changed hands, a 1,004.1 percent increase over its 65- day average volume.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Talisman Energy Inc., up 83 cents to $5.12. OPKO Health Inc., up 68 cents to $8.86.
American Realty Capital Properties Inc. fell 8.5 percent to $8.23 with 33,770,100 shares traded. Apple Inc. fell 1.4 percent to $108.23 with 66,344,000 shares traded. Cisco Systems Inc. fell. 7 percent to $26.68 with 27,283,200 shares traded.
SAN FRANCISCO— Private equity firm Thoma Bravo and a Canadian teacher pension will pay about $3.6 billion to take Riverbed Technology private a couple months after the computer networking equipment maker promised a thorough review of its business. The San Francisco company said Monday that its stockholders will receive $21 in cash for each share from Thoma...
RIVERBED TO BE TAKEN PRIVATE IN $3.6 BLN DEAL@. Dec 15- Thoma Bravo LLC and Ontario Teachers' Pension Plan said they would buy network equipment maker Riverbed Technology Inc in a deal that valued the company at about $3.6 billion. Bain Capital, Hellman& Friedman and Thoma Bravo were among the private equity firms vying for Riverbed, Reuters reported last month...
NEW YORK— Falling oil prices pushed U.S. stocks down broadly on Monday, extending losses into a second week. The stock losses in the U.S. were modest, but markets in Germany and France fell more than 2 percent. After U.S. markets closed, Russia's central bank dramatically hiked a key interest rate in an effort to stop the ruble from dropping further.
Oct 23- Network gear maker Juniper Networks Inc forecast weaker-than-expected profit and revenue for the current quarter as telecom operators, its main customers, postpone spending until the dust settles on several big mergers. Two of Juniper's largest customers, AT&T Inc and Sprint Corp, are taking time to decide whether to upgrade existing wired networks...
Take a look at some of Thursday's midday movers.
Oct 9- Riverbed Technology Inc said it would review strategic options and started a restructuring program to cut costs, three days after activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. The hedge fund, headed by billionaire Paul Singer, has been making repeated offers to buy Riverbed since January and its latest...
Oct 9- Riverbed Technology Inc said it would review its alternatives and started a restructuring program to cut costs, three days after activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. The company's stock rose 3.5 percent to $18.72 in premarket trading on Thursday. The restructuring plan was aimed at reducing...
Boston, Sept 11- EMC Corp plans to keep its majority stake in software maker VMware Inc despite pressure from activist hedge fund Elliott Management, a person familiar with EMC's thinking told Reuters on Thursday.
Sept 11- Data storage products maker EMC Corp has decided to explore selling its stake in its software unit, VMware Inc, giving into pressure from Paul Singer- run activist hedge fund Elliott Management Corp, the New York Post reported, citing sources familiar with the matter.
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*Sees Q3 earnings $0.35- $0.40/ shr vs est $0.44. *Sees Q3 revenue $1.15 bln- $1.2 bln vs est $1.26 bln. Juniper, whose clients include Verizon Communications Inc and AT&T Inc, forecast adjusted profit of 35- 40 cents per share on revenue of $1.15 billion- $1.2 billion.
July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in EMC Corp and plans to push it to spin off virtualization software unit VMware Inc, the Wall Street Journal reported, citing people familiar with the matter.
Some of Monday's midday movers:
*Expects adj rev$ $264- $265 mln vs prior view $274- $280 mln. *Expects adj profit at low end of its 26- 28 cents/ shr view. "This was a reality check quarter for Riverbed as the company faces a myriad of company-specific and secular challenges in the field," FBR Capital Markets analyst Daniel Ives said in an email.
Take a look at some of Tuesday's midday movers:
Check out which companies are making headlines after the bell Tuesday: Twitter, eBay, Costco
Some of Tuesday's midday movers: