Unusual 11 Mid-Day Movers 12/01: MNT, PSUN, ALD, PGI Higher; PPC, MTL, EXM, LIZ Lower - Street Insider

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Unusual 11 Mid-Day Movers 12/01: MNT, PSUN, ALD, PGI Higher; PPC, MTL, EXM, LIZ Lower
Dec 01, 2008 05:22 PM UTC

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Via StreetInsider.com News Articles:

Mentor Corp. (NYSE: MNT) 89.4% HIGHER; Johnson & Johnson (NYSE: JNJ) and Mentor Corporation 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.

Pilgrim's Pride (NYSE: PPC) 45% LOWER; just announced that it involuntarily filed for Chapter 11 bankruptcy protection in order to deal with short-term operational and liquidity concerns.

Pacific Sunwear (Nasdaq: PSUN) 38.4% HIGHER; despite a 42% upside move during last week, shares

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