Shares of Compuware Corporation (NASDAQ: CPWR), a provider of software solutions, professional services and application services, are soaring in trading today. At last check, CPWR shares were trading 13.13% higher at $10.78 on above average volume of 17.55 million. The stock hit a 52-week high of $11.16 in trading today.
CPWR shares are soaring in trading today after the company confirmed that its Board of Directors received an unsolicited, conditional proposal from Elliott Management Corporation. Elliott Management has offered to acquire all outstanding shares of CPWR for $11 per share.
Shares of First Majestic Silver Corp. (NYSE: AG), a company engaged in the business of silver production, development, exploration and acquisition of mineral properties with a focus on silver production in Mexico, have plunged in trading today. At last check, AG shares were trading 9.42% lower at $20.76 on above average volume of 2.01 million. The stock fell to an intra-day low of $20.59 in trading today.
AG shares have tumbled in trading today even as the company announced that it agreed to acquire all of the issued and outstanding shares of Orko Silver Corp. Keith Neumeyer, President and CEO of First Majestic, said that he believes that the transaction provides an exceptional opportunity for the shareholders of both companies. Neumeyer noted that Orko is an excellent strategic fit within AG, further strengthening the company’s presence in Mexico by providing another high quality development project to its existing asset portfolio in an area that it is already very familiar with.
Shares of VIVUS Inc. (NASDAQ: VVUS), a biopharmaceutical company engaged in the development and commercialization of therapeutic drugs for underserved markets, are soaring in trading today. At last check, VVUS shares were trading 13.46% higher at $13.03 on above average volume of 10.37 million.
Shares of Caribou Coffee Company Inc. (NASDAQ: CBOU), a company engaged in operating coffeehouses in the U.S., are seeing a huge rally in trading today. At last check, CBOU shares were trading 29.91% higher at $16 on above average volume of 7.15 million. The stock hit an intra-day high of $16.64 in trading today.
CBOU shares are soaring in trading today after the company agreed to be acquired by an affiliate of Joh A. Benckiser Group for $16 per share in an all cash transaction. CBOU President and CEO Michael Tattersfield said that the company anticipates the next chapter in its journey will be filled with tremendous opportunities to grow this great brand with new ownership.
Shares of R.R. Donnelley & Sons Company (NASDAQ: RRD), a global provider of integrated communications, are down sharply in trading today. At last check, RRD shares were trading 7.76% lower at $8.39 on above average volume of 7.70 million. The stock fell to a 52-week low of $8.40 in trading today.
Shares of Standard Pacific Corp. (NYSE: SPF), a geographically diversified builder of single-family attached and detaches homes, are soaring in trading today. At last check, SPF shares were trading 7.79% higher at $7.06 on above average volume of 5.78 million. The stock hit an intra-day high of $7.10 in trading today.
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