Stocks Gapped Down European elections (AIG, TLB, GTSI, CREE)

Stocks slid in the opening session on Monday after weekend elections in Europe raised fresh political uncertainty that investors worry could affect the region's ability to deal with its debt problems.
The Dow Jones Industrial Average fell -37.96 (-0.29%)  to 13,000.31, and the Standard & Poor's 500-stock index fell 1.13 (-0.08%) at 1,367.97. Both benchmarks are on pace to fall for the fourth session in a row. The Nasdaq Composite declined 3.42 (-0.12%) to 2,952.92. On the economic calendar, March data on consumer credit are due at 3 p.m. EDT.
 In France, socialist party candidate François Hollande ousted conservative incumbent Nicolas Sarkozy, and is expected to challenge the approach, pushed by German Chancellor Angela Merkel, that spending cuts are the main remedy to the euro zone's sovereign debt woes. In Greece, the two mainstream parties, and the austerity policies they backed, received less than a third of the votes combined. European markets wiped out sharp loses to trade higher as investors came to grips with the political uncertainty stirred by the weekend elections in France and Greece. The Stoxx Europe 600 gained 0.4% after falling as much as 0.8%.

American International Group, Inc.(NYSE:AIG) shares slumped about 55 after the U.S. government agreed to sell $5 billion worth of the insurance giant's stock at $30.50 a share. That represents a 7.1% discount to Friday's closing price of $32.83.
The Talbots, Inc.(NYSE:TLB) fell 4.32%  the company’s Board of Directors has received a non-binding proposal from Sycamore Partners to acquire all of the Company’s outstanding common stock for $3.05 per share. In addition, the Company today announced that it has entered into an exclusivity agreement with Sycamore Partners in connection with the non-binding proposal, which will terminate on May 15, 2012.
GTSI Corp.(NASDAQ:GTSI) shares soared 47%  after the company agreed to be acquired by an affiliate of UNICOM Systems in a deal valued at about $76.7 million. Unicom Systems is a division of privately held Unicom Group, which focuses on acquiring technology, financing, real estate and business services companies.
Cree, Inc.(NASDAQ:CREE) added 3.30% as the company announces a first-of-its-kind agreement with Lutron Electronics Co., Inc. to embed Lutron EcoSystem(R) technology on a chip in Cree(R) luminaires to accelerate LED adoption and increase energy efficiency for building designers, contractors and owners.