- DJIA 12,879.24 (+133.36; +1.05%)
- S&P 500 1,403.50 (+15.22; +1.10%)
- NASDAQ 2,487.86 (+42.34; +1.73%)
- 10YR-TBond 3.775% (+0.008%)
- 52 WEEK LOWS
- ANALYST CALLS
Clear Channel Communications, Inc. (NYSE: CCU) jumped today after the possibility that a settlement between the private equity buyers and six financing banks may go through to allow the buyout by Bain Capital and THL Partners. The terms are supposedly reduced from $39.50 per share to $36.00 per share. Trials between the banks and the buyers were supposed to begin today. Shares were up nearly 10% at $32.89 in the final minutes of the day.
Cumulus Media Inc. (NASADAQ: CMLS) shares plunged after terms for a buyout by Merrill Lynch Private Equity Group and the company could not be agreed upon for the $1.3 billion valued transaction. Shares were down almost 24% at $4.42 in the final minutes today on the news.
ImClone Systems Incorporated (NASDAQ: IMCL) dipped today after suffering a downgrade by Morgan Stanley. Shares were down over 6% at $41.87 in the final minutes today on the news.
Research In Motion Ltd. (NASDAQ: RIMM) rose today after announcing changes to its BlackBerry, making it more competitive with Apple Inc. (NASDAQ: AAPL)'s iPhone. Shares were up over 7% at $142.45 in the last minutes of the day.
XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) reported a wider loss today compared to a year ago. It posted a loss of $129.3 million or $0.42 EPS and on reports of subscriber growth. Shares rose 4% to $12.30 in late day trading.