The Fly On The Wall Morning Market Snapshot: May 4th, 2010
At this hour, US equity futures are lower. Overseas, the Asian markets were mixed, while the European markets are down. Hot News: Interactive Data Corporation (IDC) announced that it has entered into a definitive agreement to be acquired by investment funds managed by Silver Lake and Warburg Pincus in a transaction with a total value of $3.4B. Interactive Datas stockholders will receive $33.86 in cash for each share of Interactive Data common stock they own… Carl Icahn announced the expiration date of the offer by his affiliates to purchase up to all of the outstanding common shares of Lions Gate Entertainment (LGF) for $7.00 per share in cash. The offer expires 11:59 pm (Vancouver time) on May 10… Illumina (ILMN) announced that the FDA has granted 510(k) market clearance for the companys BeadXpress system for multiplex genetic analysis… Baxter Healthcare (BAX) announced that it will recall COLLEAGUE infusion pumps from the US market pursuant to an order under its existing June 2006 consent decree with the FDA… Arch Coal’s (ACI) Canyon Fuel Company subsidiary announced that it temporarily suspended production at its Dugout Canyon mine in Carbon County, Utah, on April 29 after a small increase in carbon monoxide levels was detected in a mined-out area that was in the process of being sealed… McKesson (MCK) increased its stock buyback by $1B to over $1.5B.
