Pre-Open Movers 7/7: APP Pharmaceuticals (APPX) Up on Buyout; Marshall & Ilsley (MI) Lower After Predicting Large Q2 Loss - Street Insider

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Pre-Open Movers 7/7: APP Pharmaceuticals (APPX) Up on Buyout; Marshall & Ilsley (MI) Lower After Predicting Large Q2 Loss
Jul 07, 2008 01:31 PM UTC

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Via StreetInsider.com News Articles:

StreetInsider.com Pre-Open Movers:

APP Pharmaceuticals, Inc. (Nasdaq: APPX) 33.8% HIGHER; and Fresenius SE (XETRA: FRE) entered into a definitive merger agreement pursuant to which Fresenius will acquire APP. Under the terms of the agreement, Fresenius will acquire the outstanding common stock of APP for $23.00 in cash per share plus a contingent value right that could deliver up to an additional $970 million, or $6.00 per share in cash, if the financial results of the Company meet certain targets. APP Pharmaceuticals closed at $17.82 on Friday.

Marshall & Ilsley Corporation (NYSE: MI) 12% LOWER; intends to increase its allowance for loan

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