Xilinx, Inc. (NASDAQ:XLNX) stock increased 0.57% to
$33.79 after the company announced the acquisition of embedded Linux solutions
provider PetaLogix. Financial terms were not disclosed. As Linux solutions
become must-haves for a growing number of embedded applications relying on
Xilinx All Programmable technologies, the addition of PetaLogix and their
PetaLinux technology strengthens Xilinx's capabilities and commitment to
customers to provide the best Linux solutions possible.
Sequenom, Inc. (NASDAQ:SQNM) stock fell 2.34% to
$3.76 after the company announced that its wholly-owned subsidiary, the
Sequenom Center for Molecular Medicine (Sequenom CMM), has completed several
international distribution agreements that will expand access to the MaterniT21
PLUS testing service outside the United States. Agreements in Asia cover Japan
and Hong Kong; in Europe cover the Czech Republic and Slovakia, and the
Netherlands; and in the Middle East, cover Israel.
Seabright Holdings Inc (NYSE:SBX) shares surged
32.65% to $10.97 in the early hour after Enstar Group Ltd and SeaBright
Holdings jointly announced that they have entered into a definitive merger
agreement under which Enstar will acquire SeaBright for $11.11 per share in
cash. The purchase price represents a 34.3% premium over SeaBright's closing
stock price of $8.27. Under the terms of the merger agreement, a newly formed
wholly owned subsidiary of Enstar will merge with and into SeaBright, with
SeaBright surviving as a wholly owned subsidiary of Enstar.
Movado Group, Inc (NYSE:MOV) shares soared 16.97% to
$35.31 after the company posted second-quarter net income of $8.06 million, or
$0.32 per share, from $4.41 million, or $0.18 per share, in the fiscal 2012
second quarter. Net sales increased 4.2% to $118.0 million and rose 7.6% on a
constant dollar basis compared with $113.2 million in the previous year.
Analysts expected earnings per share of $0.18 for the quarter.
PVH Corp (NYSE:PVH) stock climbed 6.66% to $94.43
after the company reported second quarter net income of $87.7 million or $1.19
per share, as compared to $66.7 million or $0.92 per share for the year-ago
quarter. Adjusted net income for the second quarter was $92.0 million or $1.25
per share. Total revenue grew to $1.34 billion from $1.33 billion in the same
quarter last year. Analysts expected the company to earn $1.20 per share on
revenue estimate of $1.34 billion for the second quarter.
Additionally, Citigroup reconfirmed their buy rating
on shares of Phillips-Van Heusen in a report issued yesterday and they
currently have a $104.00 target price on the stock.
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