Monday, 21 May 2007

Alltel, DreamWorks, Cytyc, Virgin Media, Lowe's, USG: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 9:30 a.m. New York time.

Alltel Corp. (AT US) rose $5, or 7.7 percent, to $70.21 and
traded as high as $70.45. Goldman Sachs Group Inc. and TPG Inc.
agreed to buy Alltel for about $24.7 billion in the largest
leveraged buyout of a telecommunications company. Investors will
get $71.50 a share, the mobile-phone company said in a statement.
The offer is 9.6 percent more than Alltel's last closing price
and exceeds the $70 a share expected by Michael Nelson, an
analyst at Stanford Group Co. Including debt, the bid values
Alltel at $27.5 billion.


Read more at Bloomberg Stocks News

No comments: