Arbitron spikes with Nielsen buyout


$1.26 Billion Deal to Track New Media

The marketing-information service is surging after the TV-ratings company announced a $1.26 billion takeover this morning. The price amounts to $48 a share for Arbitron, a 26 percent premium over its closing price yesterday. Nielsen said the acquisition will help it track alternative ways that consumers obtain media, such as streaming audio and mobile technologies. ARB is up 24.24 percent to $47.31 in the pre-market.

3 Financials Pop on Whitney Upgrade

Bank of America, Citigroup, and Discover Financial Services were moving higher in extended-hours trading after getting upgraded by independent analyst Meredith Whitney after the market closed yesterday. The influential researcher, long known for her bearish opinions on the financial sector, raised all three names to "buy" from "hold." BAC was last higher by 2.45 percent to $11.27, C by 0.82 percent to $39.47, and DFS by 2.17 percent to $41.05 on my tradeMONSTER platform.

Vanda Pharma Soars on Drug Results

The drug developer today announced positive results from Phase III trials for its Tasimelteon treatment of sleep disorders. Vanda, which said patients with Non-24-Hour Disorder showed significant improvement in its research, will submit a new application to the Food and Drug Administration by mid-2013. VNDA is up 27.02 percent to $4.09 this morning.

Strong Quarter Lifts Sanderson Farms

The poultry producer this morning reported fourth-quarter earnings of $0.41 per share on revenues of $648.4 million, beating consensus forecasts of $0.32 EPS and $635.8 million. Sanderson Farms said its results were aided by higher prices. The company and other livestock names reduced production when feed costs soared in this year's record drought. SAFM is up 2.3 percent to $50.78 today.

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