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U.S. stocks were set to open lower on Friday as investors worried about whether a potential deal by major oil producers to freeze output would be enough to tackle a global oversupply: Dow Jones industrial average futures were down 0.08 percent at 17,828, S&P 500 futures were down 0.13 percent at 2,073.75 and Nasdaq 100 futures were down 0.18 percent at 4,538.
** CITIGROUP INC, Thursday close $44.98, +2.73 pct premarket
The No.4 U.S bank reported a 27 percent plunge in its quarterly profit that topped analysts’ tempered estimates.
** POLYCOM INC, Thursday close $12.27, +0.24 pct premarket
** MITEL NETWORKS CORP, Thursday close $7.88, -7.49 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, -23.09 pct premarket
The Solar energy company said it was in talks for potential debtor-in-possession financing with some of its first and second-lien lenders.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $32.36, +2.60 pct premarket
The Canadian drug maker has brought in investment banks to review its options amid interest from buyout firms and other companies in a number of its businesses, according to people familiar with the matter.
** ENSCO PLC, Thursday close $10.59, -9.82 pct premarket
The offshore driller said it commenced an offering of 50 million shares, or about 21 percent of its total outstanding stock. (Reporting by Vishaka George in Bengaluru; Editing by Anil D’Silva)