Stocks Movers on Mergers and Acquisitions (AIG, DGIT, HYC, PEB)

American International Group, Inc. (NYSE:AIG) rose 5.75% to $39.60 after it  announced Thursday that it has agreed to sell two Japanese life insurance units for $4.2 billion to Prudential Financial Inc. (NYSE: PRU), which will become Japan’s biggest foreign life insurer.

You can Subscribe to these Free Stock Alerts by visiting:  http://www.PennyStockPickReport.com

The move to help aid AIG repay U.S. taxpayers will see the insurer sell AIG Star Life Insurance Co Ltd and AIG Edison Life Insurance Company to Prudential for $4.8 billion, including $600 million in assumed debt.

DG FastChannel Inc. (NASDAQ:DGIT) surged 7.64% to $21.56 after it  announces the $26 million acquisition of Match Point Media LLC and its divisions, Treehouse Media Services, Inc. and Voltage Video, Inc.

The deal will close October 1, 2010. DG FastChannel, Inc. (DGF) is a provider of digital technology services, which enables the electronic delivery of advertisements, syndicated programs, and video news releases to broadcasters, online publishers and other media outlets. 

Hypercom Corporation (NYSE:HYC) soared 45.63% to $6.16 after VeriFone (NYSE: PAY) has just gone public with an offer for the company. The stock last traded around $6.16.

In a letter to the Board, VeriFone announced that following Hypercom's failure to engage in meaningful discussions with the company after an initial offer of 0.21 PAY shares for every HYC share was made, VeriFone will now offer cash to the tune of $5.25/share.

You can Subscribe to these Free Stock Alerts by visiting:  http://www.PennyStockPickReport.com

Pebblebrook Hotel Trust (NYSE:PEB) fell 0.88% to $18.04 after it announces the $33 million acquisition of the 140-room, AAA four-diamond Grand Hotel Minneapolis.

The hotel will be managed by Kimpton Hotels and Restaurants. The transaction was funded entirely with available cash.

Pebblebrook Hotel Trust is an internally managed hotel investment company, organized to acquire and invest in hotel properties located in the cities of the United States. As of March 24, 2010, the Company did not own any properties.

About http://www.PennyStockPickReport.com

Penny Stock Pick Report offers stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on hot stocks, most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.