Novell (NOVL) confirmed that it has received an unsolicited, conditional proposal from Elliott Associates, L.P. to acquire the Company for $5.75 per share in cash.
On the news, shares of Novell are trading up almost 26.75%.
DineEquity (NYSE:DIN), the parent company of Applebee's and IHOP Restaurants narrowed their net loss to 2.84 per diluted share, compared to a net loss of $8.15 per diluted share in the fourth quarter of 2008.
Shares of DineEquity are up more than 14.5% so far today.
Ethan Allen (NYSE:ETH) announced today that written sales orders for the two months ended February 28, 2010, have increased approximately 25% over the prior year.
On the announcement, Ethan Allen shares are up more than 15%.
Netezza (NZ) posted non-GAAP net income for the fourth quarter of $0.08 per diluted share, compared to $0.09 per diluted share, for the fourth quarter of fiscal 2009. The $0.08 beat analyst expectations and today the stock is up.
Currently Netezza shares have gained more than 14.5% on the day.
Nelnet (NYSE:NNI) reported base net income of $1.64 per share, for the fourth quarter of 2009, compared with $0.32 per share, for the same quarter a year ago, handily beating analyst expectations.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.