Permira Buying Ancestry.com for $1.6 Billion
Ancestry.com has been shopping itself around for months, and this morning announced that it would be purchased by Europe's Permira private-equity firm for $1.6 billion. That translates into $32 a share, sending ACOM higher by 8 percent before the bell on my tradeMONSTER platform.
Peabody Earnings and Revenue Beat Expectations
Peabody Energy reported third-quarter earnings of $0.51 a share on revenue of $2.06 billion. Analysts had expected $0.34 and $1.97 billion, respectively. Guidance was strong and management said there are signs that the coal market is stabilizing. BTU climbs almost 6 percent in early trading.
FDA Move Gives Orexigen a boost
Orexigen Therapeutics announced that the Food & Drug Administration's Center for Drug Evaluation and Research is "highly supportive" of seeking a faster path to resubmission for the company's Contrave weight-loss drug. OREX climbs 9 percent in the premarket.
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