(Don(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 were lower in afternoon trading as concerns of a slowdown in China weighed on commodity prices and investors fretted over aid talks for Greece as it runs out of cash. The Dow Jones industrial average was down 0.13 percent at 17,661.03 and the S&P 500 was down 0.05 percent at 2,067.75.
** HORIZON PHARMA PLC, $33.85, -2.00 pct
** DEPOMED INC, $27.98, +35.56 pct
Ireland-based Horizon Pharma said it offered to buy Depomed for about $3 billion, taking its bid hostile after the smaller drugmaker refused to start talks and rejected the proposal first made in May.
** ENTEROMEDICS INC, $0.3802, -33.94 pct
The medical device maker’s offering of 32 million units priced at 50 cents/unit; represents discount of 13.7 percent to Monday close.
** PRIMA BIOMED LTD, $1.5699, +31.75 pct
The Australian immuno-oncology company said it received positive “scientific advice” from the European Medicines Agency (EMA) on development for its lead product, IMP321, in breast cancer.
** PROFESSIONAL DIVERSITY NETWORK INC, $2.4699, +22.27 pct
The company, which operates websites such as Proable.net, said it added 1.5 million new registered users in past 6 months, with about 530,000 users added in June alone.
** ALIBABA GROUP HOLDING LTD, $79.1, -1.41 pct
** SOUFUN HOLDINGS LTD, $6.64, -6.87 pct
** ALUMINUM CORP OF CHINA, $9.26, -14.89 pct
** XUNLEI LTD, $9.22, -7.98 pct
** CHEETAH MOBILE INC, $21.66, -13.08 pct
The Chinese stock market fell again on Tuesday, despite a slew of emergency rescue measures, raising fears that a full-blown crash could derail China’s fragile economic recovery.
** CARDTRONICS INC, $33.41, -9.21 pct
The ATM operator said it received notification that convenience store chain 7-eleven will not renew ATM placement contract, which expires mid-2017.
** ADVANCED MICRO DEVICES INC, $2.085, -15.59 pct
** NVIDIA CORP, $19.73, -2.18 pct
** INTEL CORP, $29.655, -1.28 pct
** QUALCOMM INC, $62.41, -1.11 pct
** BROADCOM CORP, $51.04, -1.05 pct
** MICRON TECHNOLOGY INC, $18.17, -0.82 pct
** SKYWORKS SOLUTIONS INC, $99.04, -2.84 pct
** AVAGO TECHNOLOGIES LTD, $131.96, -1.67 pct
Chipmaker AMD lowered its revenue estimate for the second quarter, below analysts’ average estimate, saying demand for personal computers was weaker than expected.
At least eight brokerages cut their PT on AMD’s stock, citing pressure on the company from weak PC demand and tough competition, according to Thomson Reuters data.
AMD’s revenue estimate weighed on fellow chipmaker stocks.
** A SCHULMAN INC, $37.59, -10.84 pct
The specialty chemical maker cut its 2015 adjusted EPS forecast to $2.37-$2.42 from $2.50-$2.55, below analysts’ average estimate of $2.48.
** LEGACY RESERVES LP, $8.655, +7.12 pct
The oil and gas producer said it would buy natural gas properties, gathering and processing assets in East Texas in two separate deals for $400 million.
** PLUG POWER INC, $2.515, +12.78 pct
The fuel cell maker said it shipped 888 GenDrive fuel cell units during the second quarter, much higher than the 687 it shipped in the same period last year.
** SILVER WHEATON CORP, $15.475, -11.77 pct
The mining finance company said late on Monday that it might face tax payments of more than $200 million following reassessment “proposal” from Canada’s tax authority.
** GAMING AND LEISURE PROPERTIES INC, $35.684, -2.69 pct
** PINNACLE ENTERTAINMENT INC, $39.38, +5.13 pct
Gaming and Leisure Properties, which leases real estate to casino operators, raised its offer for Pinnacle Entertainment’s real estate assets to about $5 billion, including debt, from $4.1 billion.
** SHAKE SHACK INC, $54.43, -7.75 pct
Analysts at Morgan Stanley cut their rating on the stock to “underweight,” according to theflyonthewall.com.
** TERRAFORM POWER INC, $39.04, +4.02 pct
** SUNEDISON INC, $29.82, +2.97 pct
TerraForm Power, a unit of SunEdison, said it would buy 930 megawatt of wind farms in the United States and Canada from Invenergy Wind LLC for $2 billion.
** GRUPO TELEVISA SAB, $36.53, -4.67 pct
Mexican broadcaster Televisa, the world’s biggest producer of Spanish-language television content, on Monday reported a 40 percent fall in its second-quarter profit as its financial costs rose.
** HI CRUSH PARTNERS LP, $24.15, -7.08 pct
The frac sand MLP’s shares fall on an unregistered block sale. Sources cite Morgan Stanley re-offering 900,000 units at $25, a 3.8 percent discount to Monday’s $25.99 last sale; seller(s) not known.
** HIMAX TECHNOLOGIES INC, $8.49, +9.27 pct
Analysts at Chardan Capital raised their rating to "buy" from "sell" and price target to $13 from $4, according to SeekingAlpha.com. (bit.ly/1S5TCzi)
** STONEMOR PARTNERS LP, $29.81, -4.42 pct
The cemeteries and funeral homes operator’s public offering of 2.1 million common units priced at $29.63 per unit, a discount of 5 percent to the stock’s Monday close.
** SEABRIDGE GOLD INC, $5.78, -5.86 pct
** ANGLOGOLD ASHANTI LTD, $8.46, -4.41 pct
** YAMANA GOLD INC, $2.925, -1.18 pct
** SILVER STANDARD RESOURCES INC, $5.86, -5.79 pct
** ENDEAVOUR SILVER CORP, $1.86, -7.92 pct
** FORTUNA SILVER MINES INC, $3.49, -3.59 pct
U.S.-listed shares of gold and silver miners down as gold falls to near four-month low on Tuesday, silver falls to year low.
** TESLA MOTORS, $265.33, -5.14 pct
Deutsche Bank cuts rating to “hold” from “buy” on valuation and cut price target to $280 from $245.
** NORTHFIELD BANCORP INC, $15.5, +2.51 pct
The bank was added to the S&P SmallCap 600 index on Monday, replacing Jack in the Box Inc.
** ORAMED PHARMACEUTICALS INC, $7.15, +3.47 pct
The Israel-based drug developer said it signed a Letter of Intent for investment and license deal in China with Sinopharm Capital Management and Hefei Life Science & Technology Park.
** MSC INDUSTRIAL DIRECT, $70.42, +3.59 pct
The industrial products marketer reported better-than-expected third quarter profit.
** ST. JOE CO, $16.88, +6.97 pct
Analysts at Raymond James raised their rating to “outperform” from “market perform”. “The approval of (St. Joe‘s) new Bay-Walton land use plan likely marks a key inflection point that could enable more transparent investor communication, accelerate efforts to hire a permanent CEO, and unlock potential stock repurchases,” analyst Buck Horne wrote. (Compiled by Anet Josline Pinto in Bengaluru; Edited by Maju Samuel)