The markets opened sharply higher with the
Dow soaring 150 points to 12,597 as investors welcomed the possibility of additional stimulus measures from the Federal Reserve. Nasdaq surged 40 points to 2822.
On the upside
Shares of mobile game maker Glu Mobile (NYSE: GLUU) rose after Electronic Arts (Nasdaq: ERTS) offered approximately $750 million to acquire PopCap Games.
Kinetic Concepts (NYSE: KCI) will be taken private by Apax Partners, the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board in a deal valued at approximately $6.3 billion including the assumption of debt.
Bank of America Merrill Lynch analyst Steven Milunovich upgraded Clean Energy Fuels (Nasdaq: CLNE) to a Buy rating.
The Food and Drug Administration is expected to issue a complete response letter to Transcept Pharmaceuticals (Nasdaq: TSPT) for its insomnia treatment Intermezzo requesting additional information.
CommonWealth REIT (NYSE: CWH) priced its public offering of 10 million common shares at the discounted price of $24 per share.
Validus Holdings (NYSE: VR) made an unsolicited $3.5 billion offer to acquire Transatlantic Holdings (NYSE: TRH). The bid is higher than the $3.12 billion that Allied World Assurance (NYSE: AWH) offer made last month.
