Anadarko to Buy Kerr-McGee, Western Gas

Energy Partners to buy Stone Energy; SEC inquires into Xilinx's stock option grants; Oracle posts higher earnings; plus more stocks in the news Friday

From Standard & Poor's Equity Research

Anadarko Petroleum (APC) agreed to buy Kerr-McGee (KMG) and Western Gas Resources (WGR) in separate, all-cash deals totaling $21.1 billion, plus $2.2 billion in debt assumption.

Stone Energy (SGY) agrees to be acquired by Energy Partners (EPL) in a $2.2 billion deal, at $51 in cash or Energy Partners stock for each Stone Energy share.

Xilinx (XLNX) gets an informal inquiry from the Securities and Exchange Commission into its practices, procedures, and disclosures regarding its stock option grants.

Oracle (ORCL) posts 24 cents vs. 20 cents fourth quarter GAAP earnings per share (EPS) on a 25% revenue rise. It also posts 29 cents non-GAAP fourth quarter EPS.

Six Flags (SIX) is exploring options for six properties, including the sale of parks, dismantling, re-utilizing certain rides, attractions, selling land for real estate development, and other alternatives.

AG Edwards upped Sepracor (SEPR) to buy from hold, saying Pfizer's (SEPR) exit from indiplon collaboration with Neurocrine Biosciences (NBIX) provides an "open road" for the company's Lunesta. S&P reiterates hold, citing renewed Pfizer-Sepracor merger speculation.

Thomas Weisel downgraded Verint Systems (VRNT) to peer perform from outperform.

Tektronix (TEK) posts 37 cents vs. 24 cents fourth quarter EPS on an 11% sales rise. It sees $255 million to $265 million first quarter sales, as well as 31 cents to 34 cents EPS from continuing operations before mostly non-cash costs, one-time items, and expense.

ON Semiconductor (ONNN) says its largest shareholder, TPG Advisors II, has entered into a 10b5-1 trading plan as part of a long-term strategy to reduce its stake in ON Semiconductor in an orderly manner.

City National (CYN) cut its 8% to 10% second quarter EPS growth forecast to between 1% and 4% vs. second quarter 2005.

Bradley Pharmaceuticals (BDY) posts 2 cents first quarter loss vs. 13 cents EPS as a non-refundable payment offset a 4.8% sales rise.

Old Dominion Freight Line (ODFL) raises its 43 cents to 46 cents second quarter EPS guidance to between 50 cents to 52 cents. It cites a higher-than-expected increase in LTL tonnage.