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Los Angelas, CA -- (SBWIRE) -- 01/22/2013 -- Life Technologies Corporation (NASDAQ:LIFE): The company hopes it will be acquired by a private equity firm as part of a leveraged buyout, and it hopes to conclude the sale up by mid-February, according to Financial Post last night,citing sources. The price may be in the range of $65 to $75 per share, according to the report. The Fly reports that Life Technologies stated via a press release after last night’s market close that it has retained Deutsche Bank Securities and Moelis & Company to assist in its annual strategic review, but has not decided on any specific course of action. Life’s shares have seen a 16.8 percent rise during pre-market trading to $63.75.
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Coal stock Arch Coal (NYSE:ACI) was another new position in Vinik's portfolio, at 7.1 million shares. It is down 50% in the last year as demand for coal has been weak. Many utilities, for example, have been switching to natural gas as a fuel. 20% of the outstanding shares are held short, and analysts actually expect net losses to be higher in 2013 than they were in 2012. We'd also note that Arch Coal, similarly to Westlake, has a beta greater than 2 and so movements in its stock price tend to be correlated with those of the S&P 500.
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Morgan Stanley's (NYSE:MS) stock shot up 6% six minutes later. Investors looking for the reason behind that move don't have to look any further than the dropped jaws of Wall Street analysts. By beating analyst estimates, Morgan Stanley has made it known that the firm is back in the game. Morgan Stanley has finished cleaning house, rebuilding, and is now happy to just run its business, according to CEO James Gorman, and the fourth quarter was the company's pivot point. Its increased focus on building its wealth management division has paid off in spades, with pre-tax income more than doubling since 2011 to $581 million. This improvement is based on a relatively modest increase in revenue to $3.5 billion from $3.2 billion in the fourth quarter of 2012. But what's really impressive is the segment's net margin of 17%, up from 7% in the third quarter of 2012 and the fourth quarter of 2011.
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Research in Motion (NASDAQ:RIMM) rose more than 6%, extending its year-to-date gains to a whopping 33%. Today's move likely came from an analyst upgrade of the stock that expressed optimism not just for its upcoming BlackBerry 10 smartphone, but also from the potential to provide software for competing platforms. Investors will have to endure the usual slow sales immediately preceding a new release, but if the BB 10 inspires substantial sales, all of the recent gains in the share price could be justified.
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