Pre-Open Movers 6/05: Tercica (TRCA) Surges On Buyout; Smithfield Foods (SFD) Lower on Results - Street Insider

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Pre-Open Movers 6/05: Tercica (TRCA) Surges On Buyout; Smithfield Foods (SFD) Lower on Results
Jun 05, 2008 01:28 PM UTC

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Via StreetInsider.com News Articles:

StreetInsider.com Pre-Open Movers:

Tercica, Inc. (Nasdaq: TRCA) 100% HIGHER; announced that Tercica and Ipsen, S.A. have entered into a definitive merger agreement by which an affiliate of Ipsen would acquire all of the shares of Tercica common stock that Ipsen does not currently own at a price of $9.00 per share in cash, which values Tercica at approximately $663 million. Tercica closed at $4.41 per share yesterday.

Distributed Energy Systems Corp. (Nasdaq: DESC) 60% LOWER; File Voluntary Chapter 11 Petitions

Star Bulk Carriers Corp. (Nasdaq: SBLK) 5% HIGHER; reports Q1 EPS of $0.36, 15 cents better than the analyst estimate

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