BUZZ-U.S. Stocks on the Move-PetSmart, Cirrus Logic, Kinross Gold, American Airlines

Mon Dec 15, 2014 7:06am EST
 
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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. stock index e-mini futures were up on Monday: Dow Jones industrial average futures were up 0.62 percent at 17,363, S&P 500 futures were up 0.70 percent at 2,011.25 and Nasdaq 100 futures were up 0.76 percent at 4,221.5.

** PETSMART INC, Friday close $77.67, +5.45 pct premarket

The pet supply retailer succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. The offer price is $83.00 per share in cash.

** CIRRUS LOGIC INC, Friday close $18.84, +4.46 pct premarket

Barclays raised its price target on the audio chipmaker's stock to "overweight" from "underweight" and hiked its price target to $28.

** KINROSS GOLD CORP, Friday close $2.96, -5.41 pct premarket

The gold miner's Toronto-listed stock will be removed from the S&P/TSX composite index, effective after the market closes on Dec 19.   Continued...