BUZZ-U.S. STOCKS ON THE MOVE-Chubb, Tetralogic Pharma, Ballard Power

Wed Jul 1, 2015 9:10am 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. futures rose on Wednesday after Greek Prime Minister Alexis Tsipras signaled he was prepared to accept most of creditors' bailout terms with some modifications. Dow Jones industrial average e-mini futures were up 0.98 percent at 17,694, S&P 500 futures were up 0.86 percent at 2,072.25 and Nasdaq 100 futures were up 0.92 percent at 4,430.5.

** CHUBB CORP, Tuesday close $95.14, +33.07 pct premarket

** ACE LTD, Tuesday close $101.68, +8.82 pct premarket

Property and casualty insurer ACE said it would buy smaller rival Chubb for $28.3 billion to diversify its portfolio and reduce exposure to rock-bottom catastrophe insurance rates.

The deal is at a premium of 30 percent to Tuesday's closing price for Chubb stock, based on the offer price of about $124.13 per share.

** BIOCEPT INC, Tuesday close $2.55, +19.22 pct premarket

The medical test maker launched a new blood test that could identify patients who would respond to breast and lung cancer treatments.