American International Group, Inc. (Public, NYSE:AIG) jumped 8.80% to $26.95 after Prudential Financial, Inc. (NYSE:PRU), Britain’s largest insurer, agreed to buy American International Group Inc.’s Asian life operations for $35.5 billion to be paid $25 billion in cash and $10.5 billion in stock and other securities for AIA Group Ltd., the London- based insurer said in a statement today.
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SanDisk Corporation (Public, NASDAQ:SNDK) jumped 7.25% to $31.26 after Wedbush upgraded the company’s share to Underperform to Neutral and also raised the price target by $7 to $32.
Millipore Corporation (Public, NYSE:MIL) soared 11% to $104.75 after the company is agreed to be acquired by Merck KGaA for $7.2 billion.
RiskMetrics Group, Inc. (Public, NYSE:RISK) rose 14.12% to $21.26 after MSCI Inc. (NYSE:MXB) announced that it will buy RiskMetrics Group, Inc. (NYSE:RISK) for $1.55 billion, or $21.75 a share, in a cash and stock deal.
OSI Pharmaceuticals, Inc. (Public, NASDAQ:OSIP) skyrocketed 50% to $55.60 as apan's Astellas Pharma Inc offered to buy U.S. drugmaker OSI Pharmaceuticals OSI Pharmaceuticals, Inc. (NASDAQ:OSIP) or $52.00 a share, or about $3.5 billion, in cash to gain access to OSI's cancer drug Tarceva.
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