Boston Scientific Corporation (NYSE: BSX) rallied more than 3% in Wednesday's pre-market trading after the company announced that it has received U.S. FDA approval to market its 2.25 mm PROMUS Everolimus-Eluting Coronary Stent System for use in vessels as small as 2.25 mm in diameter. The company said that it plans to immediately launch the product in the U.S.
California Pizza Kitchen, Inc. (NASDAQ: CPKI) jumped more than 9% after the company agreed to be acquired by an affiliate of Golden Gate Capital for $18.50 per share in cash, or approximately $470 million. The purchase price represents a 32% premium to the 30-day average price prior to the Company's Board of Directors authorizing management to begin exploring strategic and financial alternatives on February 23, 2010, and a 15% premium to the 30-day average price prior to the announcement of the transaction. The transaction is currently expected to close in the third quarter of this year.
American International Group, Inc. (NYSE: AIG) declined more than 2% in pre-market trading after the company announced that the registered public offering of 300 million shares of AIG common stock, par value $2.50 per share, by AIG and the U.S. Department of the Treasury, as the selling shareholder, was priced at $29.00 per share. One hundred million shares will be issued and sold by AIG and 200 million shares will be sold by Treasury. Treasury has also granted the underwriters an option to purchase up to 45 million additional shares to cover sales of shares in excess of those 300 million shares. AIG will not receive any of the proceeds from the sale of the shares of AIG common stock by Treasury.
Netsol Technologies Inc. (NASDAQ: NTWK) surged more than 9% after the company announced that it has signed a multimillion-dollar agreement to implement the complete back-office Retail module of its NetSol Financial Suite platform for a major auto captive finance company based in Tokyo, Japan.
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