Morning Movers 12/01: Mentor (MNT) Up On J&J Buyout, Oil Services Down Down Merrill Downgrade (SLB, BJS, BHI, more...) - Street Insider

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Morning Movers 12/01: Mentor (MNT) Up On J&J Buyout, Oil Services Down Down Merrill Downgrade (SLB, BJS, BHI, more...)
Dec 01, 2008 02:51 PM UTC

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Via StreetInsider.com News Articles:

StreetInsider.com Morning Movers:

Mentor Corp. (NYSE: MNT) 90% HIGHER; Johnson & Johnson (NYSE: JNJ) and Mentor Corporation (NYSE: MNT) announced a definitive agreement whereby Mentor will be acquired for approximately $1.07 billion in a cash tender offer. Under the terms of the agreement, Johnson & Johnson will commence a tender offer to purchase all outstanding shares of Mentor at $31.00 per share.

XL Capital Ltd. (NYSE: XL) 16% LOWER; Merrill downgrades to Neutral

Schlumberger Limited (NYSE: SLB) 12% LOWER; Merrill downgrades to Neutral

Baidu.com (Nasdaq: BIDU) 11% LOWER; According to a report from the Financial Times, Baidu.com may be

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