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Unusual 11 Mid-Day Movers 5/15: CNET, RCH, NCOC, AFN Higher; SLRY, YTEC, ASYS, SNS Lower

 May 15, 2008 05:21 PM UTC
Return Risk
+9.67% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
CBS.A n/a
CBS n/a

Graphic_arrow1 Via StreetInsider.com News Articles:  

CNET Networks, Inc. (Nasdaq: CNET) 43.3% HIGHER; CBS Corporation (NYSE: CBS.A) (NYSE: CBS) has entered into an agreement to acquire CNET Networks. Under the terms of the agreement, CBS will make a cash tender offer for all issued and outstanding shares of CNET Networks for $11.50 per share, representing an equity value of approximately $1.8 billion. CNET closed at $7.95 yesterday.

Salary.com (Nasdaq: SLRY) 28.6% LOWER; reports a Q4 loss of $0.09, 1 cent lower than the analyst estimate of ($0.08). Revenues for the quarter were $9.3 million, versus the consensus of $9.91 million. Sees Q1 revs of


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