BUZZ-U.S. STOCKS ON THE MOVE-Niska, Bio Blast, RedHill, Cigna
(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 recouped some of their losses in afternoon trading on Monday after a sharp fall on worries about Greece's debt, but the Dow Jones Industrial Average remained in negative territory for the year. The Dow Jones industrial average was down 0.72 percent at 17,769.92 and the S&P 500 was down 0.54 percent at 2,082.75.
** AXION POWER INTERNATIONAL INC, $0.1051, +218.48 pct
The lead-carbon battery maker signed a technology development and licensing deal with LCB International Inc, under which LCB will exclusively sell Axion products in China, Taiwan, Macau and Hong Kong.
** NISKA GAS STORAGE PARTNERS LLC, $3.77, +187.79 pct
The natural gas storage company has agreed to be bought by Brookfield Infrastructure and Institutional Partners for about $911.9 million including debt. Brookfield will acquire all of Niska's outstanding common units for $4.225 per common unit in cash, a premium of 222.5 percent to Niska's Friday close.
** DEALERTRACK TECHNOLOGIES INC, $62.715, +57.38 pct
Cox Automotive Inc, the owner of Autotrader platform and Kelley Blue Book car valuation service, said it would buy Dealertrack in a deal valued at $4 billion. The $63.25-per-share offer represents a 59 percent premium to Dealertrack's Friday closing price. Continued...