NASDAQ Morning Percentage Gainers;SNIC,XOMA,SBAY,AIXG,OTIV

POINT ROBERTS, Wash., December 23, 2010 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on early morning trading on the NASDAQ.com. Sonic Solutions SNIC was up over 24 % in morning trading on news of being acquired by Royi Corporation for $720 Million value. Trading Close-Up Sonic SolutionsSNIC trading at $13.97, up 2.77 (24.68%) 10:44AM EST XOMA Ltd.XOMA trading at $5.35, up 0.85 (18.89%) 10:49AM EST Subaye, Inc.SBAY trading at $ 7.50 , up 1.05 (16.28%) 10:49AM EST Aixtron AktiengesellschaftAIXG trading at $35.87, up 2.76 (8.34%) 10:53AM EST On Track Innovations LtdOTIV trading at$3.09, up 0.13 (4.39%) 10:52AM EST Market Snapshot (at time of release) Dow 11,568.88 +9.39 +0.08% Nasdaq 2,664.19 -7.29 -0.27% S&P 500 1,256.93 -1.91 -0.15% 10 Yr Bond(%) 3.3870% +0.0410 Oil 90.70 +0.22 +0.24% Gold 1,375.60 -11.20 -0.81% Company Snapshot- Sonic SolutionsSNIC Rovi Corporation Enters Definitive Agreement to Acquire Sonic Solutions Combined Company to Enable Broad Solutions for Content Distributors, Service Providers, CE Manufacturers, and Retailers to Deliver Premium Digital Media Entertainment and Accelerate Rovi's Advertising Opportunity SANTA CLARA, Calif. and NOVATO, Calif., Dec. 22, 2010 -- Rovi Corporation ROVI and Sonic Solutions SNIC today announced that the two companies have signed a definitive agreement for Rovi to acquire Sonic in a stock and cash transaction. The enterprise value of the transaction is approximately $720 million and the per share value of Sonic common stock at signing of the agreement is $14.17, a 38.2 percent premium to Sonic's 30 day average per share closing price as of December 21, 2010. The acquisition is structured as an exchange offer for all of the outstanding shares of Sonic common stock, to be followed by a merger. Rovi, a provider of next generation guidance solutions including TotalGuide, discovery, metadata, advertising and networking technologies and Sonic, a provider of digital video processing, playback and distribution technologies, both leaders in the digital entertainment industry, together will bring an end-to-end solution that enables integration across the ecosystem. The acquisition of Sonic will enable Rovi to broaden its solutions to content owners, device makers, retailers and operators. Sonic Solutions(R) SNIC enables the creation, distribution and enjoyment of digital media from Hollywood to home. For more than a decade, Sonic product, service, and technology brands including Roxio(R), RoxioNow(TM), DivX(R)and Main Concept, have fueled home entertainment, powered rich digital media functionality on a range of platforms for a variety of partners, and inspired unique personal media experiences for hundreds of millions of consumers. Sonic technologies deliver a universal platform for Hollywood Studios, retailers, consumer electronics manufacturers, and PC OEMs to provide consumers instant access to premium entertainment from virtually anywhere. Sign up for the free investor news letter and get stock alerts in leading sectors! http://www.investorideas.com/Resources/Newsletter.asp Investorideas.com Members currently have 24/7 online access to the exclusive subscriber-only eleven stock directories in leading sectors including renewable energy, water and energy stocks. Visit the Investor Ideas membership page to learn more at: http:// www.investorideas.com/membership/ About InvestorIdeas.com: Investor Ideas is a global financial media online destination specialized in sector investing content. Investor Ideas (and portals within the hub) was one of the first online investing and business resources providing in-depth information, news and stock directories in renewable energy, homeland security and water sectors. InvestorIdeas.com features over twenty industry sectors and global markets including China, India, Middle East and Australia. Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp For Additional Information and or interest in becoming a content /revenue partner: Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com Source – Investorideas.com
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!