By Whitney Kisling and Alexis Leondis - Oct 17, 2011 7:08 AM GMT+0700
Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses.
BGC Partners Inc. (BGCP) : The broker specializing in over-the-counter trading said it completed the acquisition of Newmark & Company Real Estate Inc. and that the transaction will add to earnings.
El Paso Corp. (EP) : Kinder Morgan Inc. (KMI US) agreed to buy El Paso for about $21.1 billion in cash and stock, creating the largest U.S. natural-gas pipeline network in the energy industry’s biggest transaction in more than a year.
Itron Inc. (ITRI) : The maker of meters and software for the utility industry may rise to as high as $45 as replacement demand for utility meters expands in the U.S. and the rest of the world, Barron’s reported.
Morgan Stanley (MS) : The owner of the world’s largest retail brokerage may be attractive for long-term investors after concern for its lending to troubled French banks drove the share price down, Barron’s reported.
NextEra Energy Inc. (NEE) : The renewable-energy power provider may rise as it expands capacity to meet growing demand, Barron’s reported.
Par Pharmaceutical Cos. (PRX US): The maker and distributor of generic drugs filed suit over Food and Drug Administration rules that would stop it from discussing off-label uses of its Megace ES drug with doctors. The drug, approved for treatment of weight loss in AIDS patients, is also prescribed to treat wasting in non-AIDS, cancer and geriatric patients, the company said.
Seaspan Corp. (SSW) : The operator of a fleet of container ships may rise to $18 a share in a year or two as the global usage of container ships expands, Barron’s reported, without citing anyone.
Sprint Nextel Co. (S US): The third-largest U.S. wireless operator said sales of Apple Inc.’s iPhone 4 and 4S smartphones exceeded expectations and set a company record for daily sales of a device family.
To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net; Alexis Leondis in New York aleondis@bloomberg.net.
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.
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