CHICAGO (MarketWatch) — Below are some of Monday’s biggest gaining and declining stocks:
Focus Media Holding Ltd. FMCN+8.85% rose 9% on news that a group of investors has proposed taking the Chinese company private for $27.00 per American depositary share, or $4.50 in cash per ordinary share. The company’s board of directors has formed a committee to evaluate the proposal.
FSI International Inc. FSII+52.48% shares were up 52% after Tokyo Electron Ltd.JP:80350.00% signed an agreement to acquire the microelectronics-equipment manufacturer for about $243 million.
NetSol Technologies inc. NTWK+13.33% was up 13% after the provider of information technology and enterprise applications issued an upbeat fiscal 2013 outlook.
Pervasive Software Inc. PVSW+23.21% shares jumped 23% after Actian Corp. offered to buy the firm for $8.50 a share, or $154 million in cash. The deal represents a 30% premium over Pervasive’s Friday closing price.
Investors will want to dig deeply into Groupon's second-quarter results due after the close Monday. (Photo: AP.)
Sears Holdings Corp. SHLD+5.72% shares added 5.7%. The retailer received positive mention in Barron’s financial newspaper over the weekend. Through Aug. 9 this year, Sears Holdings stock surged 59%, making it the eighth-best performer on the S&P 500 and the second-best performer year- to-date in the retail sector. Read MarketWatch’s Sears analysis.
Shares of Stoneridge Inc. SRI+5.19% , the automotive electronics firm, rose 5.2%. Analysts at B. Riley upgraded the shares to buy from neutral following Stoneridge’s second-quarter results released last week.
Arrowhead Research Corp. ARWR-14.15% fell 14% after the pharmaceutical company said it raised $6.2 million in a public offering of 2.3 million shares of its common stock and warrants to purchase 1.7 million shares.
U.S.-listed shares of BioLine RX Ltd. BLRX-12.45% fell 12%. The Israeli biotech firm said Friday that it is offering $75 million of mixed securities for sale.
SciClone Pharmaceuticals Inc. SCLN-16.32% shares were down 16% after Cowen & Co. downgraded the stock to neutral from outperform.
U.S.-listed shares of Tower Semiconductor Ltd. TSEM-10.82% shed 11%.