After-Hours Movers 12/16: Satyam (SAY) Higher After Cancelling Acquisition; Silicon Laboratories (SLAB) Lower on Guidance - Street Insider

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After-Hours Movers 12/16: Satyam (SAY) Higher After Cancelling Acquisition; Silicon Laboratories (SLAB) Lower on Guidance
Dec 16, 2008 11:32 PM UTC

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Via StreetInsider.com News Articles:

StreetInsider.com After-Hours Movers:

Satyam Computer Services (NYSE: SAY) 55% HIGHER; said it is not going ahead with its proposed acquisition of Maytas Properties and Maytas Infra, in light of the feedback received from the Investor community. Commenting on this decision, Satyam Chairman, Mr. Raju said, "We have been surprised by the market reaction to this decision even though we were quite positive about the merits of the acquisition. However, in deference to the views expressed by many investors, we have decided to call off these acquisitions."

Leggett & Platt (NYSE: LEG) 13% LOWER; lowers its Q4 adj-EPS guidance to

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