Pre-Open Movers 4/23: Safeco (SAF) Up on Buyout, AMBAC (ABK) Lower on Massive Loss - Street Insider

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Pre-Open Movers 4/23: Safeco (SAF) Up on Buyout, AMBAC (ABK) Lower on Massive Loss
Apr 23, 2008 01:32 PM UTC

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Via StreetInsider.com News Articles:

StreetInsider.com Pre-Open Movers:

Restore Medical (Nasdaq: REST) 179% HIGHER; Medtronic to buy the company for $1.60 per share.

Sirtris Pharmaceuticals (Nasdaq: SIRT) 81% HIGHER; GlaxoSmithKline (NYSE: GSK) and Sirtris Pharmaceuticals Incorporated (Nasdaq: SIRT) entered into a definitive agreement pursuant to which GlaxoSmithKline will acquire Sirtris Pharmaceuticals for approximately USD720 million (or approx. GBP362 million) through a cash tender offer of USD22.50 (or approx. GBP11.33) per share.

Safeco Corporation (NYSE: SAF) 47% HIGHER; Liberty Mutual Group and Safeco Corporation entered into a definitive agreement pursuant to which Liberty Mutual will acquire all outstanding shares of common stock of Safeco for $68.25

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