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Movers: Take-Two Interactive, Ambac, MBIA, Lowe's, Genentech

Monday's stocks in the news

Take-Two Interactive Software (TTWO) says its board of directors rejected an unsolicited proposal from Electronic Arts (ERTS) to acquire TTWO for $26.00 per share in cash, calling the proposal "inadequate in multiple respects and not in the best interests" of stockholders.

Ambac Financial Group (ABK) rises after S&P Ratings Services affirms the 'AAA' financial strength rating on ABK, which remains on CreditWatch with negative implication. In addition, S&P Ratings said the 'AAA' financial strength rating on MBIA (MBI) was removed from CreditWatch and a negative outlook was assigned.