LDK Solar Co., Ltd. (NYSE: LDK) rallied more than 2% in Wenesday's pre-market trading after the company announced that it has signed contracts to supply solar modules to two leading electric power companies in China. The first sales contract is for 30 megawatts (MW) of solar modules in the Qinghai province to be delivered in August of 2011. The second contract is for 5 MW of solar modules in the Jilin province to be delivered in the first half of 2012.
Electronic Arts Inc. (NASDAQ: ERTS) on Wednesday announced an agreement to acquire PopCap Games, a leading provider of games for mobile phones, tablets, PCs and social network sites. With blockbuster titles like Plants vs. Zombies, Bejeweled, and Zuma, and a proven ability to create new hits, PopCap is a leader in the fast growing market for casual digital games.EA will pay approximately $650 million in cash and $100 million in shares of EA common stock to be issued to certain stockholders of PopCap. In addition, the PopCap sellers are entitled to additional variable cash consideration, contingent upon the achievement of certain non-GAAP earnings before interest and tax ("EBIT") performance milestones through December 2013, EA's third fiscal quarter end. EA also reaffirmed its oon-GAAP Q1 FY12 and full year FY12 financial guidance.
The Federal Communications Commission (FCC) on Wenesday approved the pending merger between CenturyLink, Inc. (NYSE: CTL) and Savvis, Inc. (NASDAQ: SVVS). The merger previously received an early termination notice under the Hart-Scott-Rodino Act from the Department of Justice and the Federal Trade.
Kinetic Concepts Inc. (NYSE: KCI) rallied more than 5% in Wednesday's pre-market trading after it agreed to be acquired by a group of investors led by private-equity fund Apax Partners in a deal valued at about $4.98 billion. he total value of the deal, including debt assumption, is estimated at $6.3 billion.
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