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Stocks Making News on 07/05/2011

July 5, 2011

stock market newsBidding War With Williams Heats Up

Energy Transfer Equity increased its offer for the Houston natural-gas company to $5.1 billion, or $40 per share versus the $33 bid last month. The offer is $1 higher than the latest bid from rival Williams but less than Southern Union’s Friday closing price of $40.37. SUG is up more than 2.5 percent on extended-hours trading.

Immucor Soars on $2 Billion Buyout

The blood-testing company will be acquired by TPG Capital for $1.97 billion, which represents a 30 percent premium over Friday’s closing price. BLUD is up 32 percent this morning on the news.

NetScout Tanks on Earnings, Outlook

The company, which makes systems that track network performance, said it expects to report fiscal first-quarter adjusted earnings of $0.11 to $0.13 per share, missing the consensus estimate of $0.20 EPS. NetScout also cut its full-year forecast to $0.84 to $0.97 per share, well below its own projected range of $1.17 to $1.23 EPS as well as the $1.19 that analysts were looking for. Management blamed weak demand in government contracts and financial services. NTCT is down 17.5 percent in the pre-market.

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