Monday, May 16, 2011

Stocks In Focus: NYX, COF, VITA, RDC, SOLR


Shares of NYSE Euronext Inc. (NYSE: NYX) slumped more than 10% in Monday's pre-market trading after NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) and IntercontinentalExchange (NYSE: ICE) announced that following discussions with the Antitrust Division of the U.S. Department of Justice, they are withdrawing the joint proposal they made in April, 2011 to acquire NYSE Euronext and will not commence the exchange offer to acquire all of the outstanding shares of NYSE Euronext.

Capital One Financial Corp. (NYSE: COF) on Monday said that its net charge-offs in April edged down to 4.97% from 5.87% a month earlier atits U.S. card business but jumped to 7.06% from 6.07% internationally.

Shares of Orthovita, Inc. (NASDAQ: VITA) surged more than 35% in Monday's pre-market trading after it agreed to be acquired by Stryker Corporation (NYSE: SYK) for $3.85 per share in cash which represents a total value of approximately $316 million.

Rowan Companies, Inc. (NYSE: RDC) rose more than 2% after the company announced that it has entered into a share purchase agreement with Joy Global, Inc. (NASDAQ: JOYG) to sell all shares of common stock held by Rowan in LeTourneau Technologies, Inc. for $1.1 billion in cash. 

GT Solar International, Inc. (NASDAQ: SOLR) rallied more than 2% after th company announced that it has signed new contracts for its DSS multicrystalline growth furnaces from both new and existing customers totaling $84.3 million.

Full Disclousre: None. 
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