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,; for the Morning News Call newsletter,

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...