Molycorp Rallies On Renewed Takeover Chatter

Shares of Molycorp Inc. (NYSE: MCP) rallied more than 2% on Friday on renewed speculation that the company could be a takeover target. Molycorp, Inc., a development stage company, engages in the production and sale of rare earth oxides in the western hemisphere. Its rare earth products include oxides, metals, alloys, and magnets for various inputs in existing and emerging applications comprising clean energy technologies, multiple high-tech uses, defense applications, and water treatment technology. The company primarily owns and operates the Molycorp Mountain Pass facility, an open-pit mine containing rare earth deposits outside of China located in San Bernardino County, California. It also intends to produce and sell rare earth oxides and rare metals in Europe; and rare earth alloys in the United States. Stay tuned for more.

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Splunk Soars On Takeover Chatter

Shares of Splunk, Inc. (NASDAQ: SPLK) jumped more than 6% on Friday on speculation that the company could be a takeover target. Splunk, Inc. provides software solutions that provide real-time operational intelligence. It offers Splunk, an engine that collects, indexes, and harnesses machine data generated by physical, virtual or in the cloud IT infrastructure; and Splunk Storm, a cloud version of Splunk to analyze cloud based applications.

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Skullcandy Jumps On takeover Speculation

 

Shares of Skullcandy Inc. (NASDAQ: SKUL) surged as much as 6% in Wednesday's pre-market trading on speculation that the headphone maker could be a takeover target. David King, an analyst for Roth Capital, told Bloomberg the company's management may not be pushing for a sale, but added "you can't ignore" the possibility of a deal "when the stock's trading where it is and the value being as cheap as it is." A Skullcandy spokesperson declined to comment, the Bloomberg report said.

Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers in the United States and to distributors internationally.

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