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Last Update: 15-Dec-11 01:21 ET
Novellus trades over 20% higher announcement to be acquired by Lam Research
There were a number of stocks moving in after hours, including the following.
After Hours Gainers:
Companies trading higher in after hours in reaction to news: NVLS +20.5% (Novellus to be purchased by Lam Research (LRCX); Based on the closing price of LRCX's stock on Dec 14, 2011, the transaction values NVLS at a price of $44.42/common share).
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: NDSN -5.3%, PAY -0.4%.
Companies trading lower in after hours in reaction to news: BPAX -76.9% (LibiGel does not achieve primary endpoints), OREX -15.1% (Orexigen Therapeutics announces proposed public offering of common stock and warrants to purchase common stock).
Misc. Michael Kors Holdings IPO prices at $20/share, above the expected range of $17-19; TRIPV +2.0% will replace TLAB in the S&P 500 index.
After Hours Gainers:
Companies trading higher in after hours in reaction to news: NVLS +20.5% (Novellus to be purchased by Lam Research (LRCX); Based on the closing price of LRCX's stock on Dec 14, 2011, the transaction values NVLS at a price of $44.42/common share).
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: NDSN -5.3%, PAY -0.4%.
Companies trading lower in after hours in reaction to news: BPAX -76.9% (LibiGel does not achieve primary endpoints), OREX -15.1% (Orexigen Therapeutics announces proposed public offering of common stock and warrants to purchase common stock).
Misc. Michael Kors Holdings IPO prices at $20/share, above the expected range of $17-19; TRIPV +2.0% will replace TLAB in the S&P 500 index.
