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Los Angelas, CA -- (SBWIRE) -- 11/01/2012 -- Shares of U.S. vitamin and supplement maker Schiff Nutrition International (NYSE:SHF) soared 46% today, after German drug and chemical maker Bayer offered to acquire it for $1.2 billion. The deal values Schiff at $34 per share, and represents a whopping 47% premium to its closing price on Friday. Bayer is making the move to bolster growth at its consumer health segment, and help offset some of the risks associated with its volatile prescription drugs business, giving shareholders some comforting product, as well as geographic diversification. According to Bayer, the deal is expected to close by the end of the year. According to Bayer CEO Dr. Marijn Dekker: Furthermore The company Schiff Nutrition (NYSE:SHF) reported EPS of 0.511. For the Current Fiscal year, the company is expected to report EPS of 0.94. For the Next Quarter and Next Year, the company is expected to report EPS of 0.31 and 1.20 respectively. At Current Market Price, SHF is in distance of +51.71% from its 50-day Moving Average price of $22.3064 and +88.70% from its 200-day Moving Average price of $17.9332.
Is SHF A Solid Investment At These Levels: Find Out Here
Shares of apparel distributor Warnaco Group (NYSE:WRC) soared 38% today, after larger peer PVH (NYSE:PVH) offered to acquire it for about $2.9 billion. The cash-and-stock deal values Warnaco at roughly $68.43 per share -- $51.75 in cash, and a portion of PVH's stock -- and represents a healthy 34% premium over its closing price on Friday. PVH is making the move to solidify control of the prestigious Calvin Klein brand -- Warnaco sells Calvin Klein jeans and underwear under a license -- and judging by its own stock's 17% surge today, Wall Street seems thrilled with the price being paid to do it.The deal should close early next year and is expected be accretive to PVH earnings in the first full year after that. According to PVH Chairman and CEO Emanuel Chirico: Analysts expect its 2013 profit to increase 22%, fourth among 31 companies in the industry group. Warnaco Group Inc (NYSE:WRC) is +19.70 - +38.72% from the previous close of $50.88. It traded between $69.17 - 71.41 with total traded volume of 9646310 shares. At Current Market Price, WRC is in distance of +35.50% from its 50-day Moving Average price of $52.0878 and +47.72% from its 200-day Moving Average price of $47.781.
Can WRC Touch $ 60.00 In Short Term Period: To Know More Click Here
OPNET (Nasdaq:OPNT) jumped today by as much as 31%, while shares of Riverbed (Nasdaq:RVBD) tanked by as much as 21%, after the latter announced it was acquiring the former. A couple days ago, Riverbed said that it would purchase OPNET for $1 billion in cash and stock, valuing OPNET at $43 per share, hence OPNET's jump today. Riverbed has been in the midst of a broader transition beyond its niche WAN optimization market and into becoming a multi-product company. Adding OPNET will expand Riverbed's network and application performance management offerings. This is a huge bet for Riverbed, as in taking-out-$500-million-in-debt-while-issuing-7-million- new-shares huge. Strategically, the deal makes sense, because Riverbed and OPNET's businesses are indeed complementary and there are synergies to be had. Investors are skeptical today, though, considering the hefty premium that Riverbed is paying for OPNET, as well as the financial risk associated with how the deal is being financed. Shares of OPNET Technologie (Nasdaq:OPNT) are trading at $42.0543 and is +23.12% from its 50-day Moving Average price of $34.156 and +54.72% from its 200-day Moving Average price of $27.1801. The average trading volume is 120349 shares and its market capitalization is $952.2M.
Should OPNT Find The Bottom: CHECK HERE
Green Plains Rene (Nasdaq:GPRE) is +1.70 - +28.19% from the previous close of $6.03. It traded between $6.29 - 7.75 with total traded volume of 1024718 shares. Keep a close eye on GPRE, as the stock has been showing unusual moves over the past weeks. At Current market price, GPRE has recovered +116.53% from its 52-week Low of 3.57 and has Pulled back -35.58% from its 52-week high of 12.00. Shares of Green Plains Renewable Energy, (GPRE) have shot up 21% to $7.30 after it reported a Q3 net loss of $0.03 per diluted share, compared to earnings of $0.32 per diluted share for the same period in 2011.Revenues were $947.4 million compared to $957.0 million for the same period in 2011. GPRE's Q3 results, although disappointing, were better than analyst estimates. According to Yahoo Finance, analysts expected a loss of $0.27 per share on revenues of $848.72 million. GPRE shares are trading in a 52-week range of $3.57 - $12.
Has GPRE Start Rally or Wait For Buy: Find Now
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