BUZZ-U.S. Stocks on the Move-Pike, Tekmira, Michael Kors, Noble Corp

Mon Aug 4, 2014 9:13am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; 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 slightly higher on Monday: Dow Jones industrial average futures were up 0.24 percent at 16,456, S&P 500 futures were up 0.30 percent at 1,924.25 and Nasdaq 100 futures were up 0.33 percent at 3,886.

** PIKE CORP, Friday close $7.96, +48.62 pct premarket

The specialty construction and engineering firm would be taken private by investment firm Court Square Capital Partners and CEO J. Eric for about $383 million. The offer of $12/share represents premium of about 51 pct to stock's Friday close.

** TEKMIRA PHARMACEUTICALS, Friday close $14.26, +8.98 pct premarket

The U.S. Food and Drug Administration said it is willing to work with companies testing Ebola drugs. An FDA official told Reuters that the agency would consider special emergency new drug applications as Ebola outbreak intensifies in West Africa. Earlier this month, FDA put hold on a clinical trial of Tekmira's TKM-Ebola. The company started the early-stage clinical trial for the treatment in January and was granted fast-track status from the U.S. Food and Drug Administration (FDA) on March 5.

** NOBLE CORP PLC, Friday close $31.08, -12.07 pct premarket   Continued...