BUZZ-U.S. STOCKS ON THE MOVE-Polycom, SunEdison, GM
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U.S. stock index futures were lower on Friday as investors await the outcome of a meeting of major oil producing countries to tackle a persistent global oversupply: Dow Jones industrial average futures were down 0.17 percent at 17,811, S&P 500 futures were down 0.24 percent at 2,071.5 and Nasdaq 100 futures were down 0.23 percent at 4,536.
** POLYCOM INC, Thursday close $12.27, +3.26 pct premarket
** MITEL NETWORKS CORP, Thursday close $7.88, -2.92 pct premarket
Mitel, the Canadian telecom services provider, said it would buy fellow voice and telephony gear maker Polycom Inc for about $1.96 billion in cash and stock, satisfying a demand from hedge fund Elliott Management.
** SUNEDISON INC, Thursday close $0.5851, +26.30 pct premarket
The solar company's shares are set for a second straight day of gains as an independent audit committee found no "material misstatements" in its historical financial reports on Thursday.