Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.
3Par Inc. (PAR US) surged 45 percent to $26.09 for the biggest advance in the Russell 2000 Index. Hewlett-Packard Co. (HPQ US) said it offered to acquire 3PAR for $24 a share in cash, or $1.6 billion. That’s a 33 percent premium above the price offered by Dell Inc. (DELL US).
Hewlett-Packard had the third-biggest drop in the Dow Jones Industrial Average, sinking 2 percent to $39.04. Dell slid 1.1 percent to $11.94.
Compellent Technologies Inc. (CML US), a storage area network producer, advanced 12 percent to $15.56. Isilon Systems Inc. (ISLN US), a maker of data-storage systems and software, rose 12 percent to $19.96. CommVault Systems Inc. (CVLT US), a provider of data management software applications, jumped 14 percent to $23.65.
1-800-Flowers.com Inc. (FLWS US) fell 11 percent to $1.70, the lowest price since March 2009. The company’s Winetasting Network entered into an agreement with Sonoma Wine Company to offer each other’s products, according to a statement. 1-800-Flowers, which sells flowers and gifts on the Internet and by telephone, didn’t disclose the terms of the deal.
Cenveo Inc. (CVO US) dropped 11 percent, the most since August 2009, to $5.81. The specialty printing and envelope maker said it “had no interest” in acquiring the assets after debtors and creditors of bankrupt National Envelope Corp. asked for “significantly more” in cash and guarantees from the company.
Cumberland Pharmaceuticals Inc. (CPIX US) slipped 10 percent to $5.41, the lowest intraday price since it went public in August 2009. The drugmaker said the U.S. Food and Drug Administration extended a review of its application for the use of Acetadote in patients with acute liver failure.
Foster’s Group Ltd. (FBRWY US) advanced 8.2 percent to $5.55, the highest price since January 2008. SABMiller Plc reportedly may make a 7 billion-pound ($10.9 billion) bid for the beer division of Australia’s biggest brewer. SABMiller, based in London, may make the offer for the Carlton & United Breweries division before it is split from Foster’s wine business next year, the Sunday Times reported yesterday, without saying where it got the information.
Jazz Pharmaceuticals Inc. (JAZZ US) fell the most in Russell 2000 Index, plunging 22 percent to $7.96. The drugmaker failed to win a U.S. panel’s backing for an experimental fibromyalgia drug that includes a chemical linked to date rape.
Qiao Xing Universal Telephone Inc. (XING US) climbed 11 percent, the most since Feb. 25, to $1.63. The Chinese telephone-set maker said it earned 12 cents a share in the first quarter, compared with a loss a year earlier.
SinoCoking Coal and Coke Chemical Industries Inc. (SCOK US) surged 22 percent, the most since March 4, to $15.08. The Chinese coal producer is scheduled to hold a conference call tomorrow to provide an update on its business.
Wal-Mart Stores Inc. (WMT US) climbed the most in the Dow Jones Industrial Average, advancing 1.8 percent to $51.14. The world’s largest retailer is in talks with Russian retailer Kopeika about a potential sale, Reuters reported, citing sources close to the Russian company.
Washington Post Co. (WPO US) had the biggest advance in the Standard & Poor’s 500 Index, adding 6.1 percent to $368.78. The newspaper owner’s stock price reflected a negative value in the company’s Kaplan for-profit education unit, which generated $167 million of operating income in the first half of this year, Barron’s reported.