BUZZ-U.S. Stocks on the Move-GTAT, Durata, Chimerix, Sunesis

Mon Oct 6, 2014 12:13pm EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stocks were little changed on Monday, pulling back from earlier gains as consumer discretionary stocks fell. The Dow Jones industrial average was down 0.09 percent at 16,993.7 and the S&P 500 was down 0.16 percent at 1,964.68.

** GT ADVANCED TECHNOLOGIES INC, $0.9196, -91.68 pct

The partner of Apple Inc in a sapphire glass plant in Arizona said it had filed for voluntary bankruptcy protection. The company suffered a major setback last month when its scratch-resistant sapphire glass was left out of Apple's new large-screen iPhones. The stock fell to a record low of 75 cents.

** DURATA THERAPEUTICS, $23.83, +71.69 pct

Drugmaker Actavis PLC said it would acquire Durata Therapeutics in a deal valued at about $675 million. Actavis' offer of $23 per share represents a premium of 66 percent to Durata stock's closing price on Friday.

** ALCOBRA LTD, $6.98, -50.53 pct   Continued...