Market Overview

Market Update

Shares of O'Charley's Inc (NASDAQ: CHUX) gained about 42% after Fidelity National Financial Inc (NYSE: FNF) announced its plans to buy all of the outstanding common stock of O'Charley's for $9.85 per share.

Shares of Chunghwa Telecom Co Ltd (NYSE: CHT) fell about 0.2% after the company announced its plans to increase its workforce by about 8% in 2012. The company plans to add 2,000 staff this year.

Shares of Kenexa Corp (NYSE: KNXA) dropped about 0.8% after the company announced its plans to acquire privately-held OutStart, a leading provider of Software as a Service e-learning solutions and services. Kenexa projects the deal to close shortly.

Shares of BluePhoenix Solutions Ltd (NASDAQ: BPHX) rose about 3.2% after the company named Mel Keating as its new Chairman of the Board of Directors.

Posted-In: market updateNews Markets

 

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