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Conexant Systems Inc
CNXT rose 15.87% to $2.19 in the pre-market session. Standard Microsystems Corp
SMSC announced its plans to acquire CNXT for around $284 million including debt.
Genzyme Corporation
GENZ added 3.45% to $73.85 in pre-market trading. According to The Wall Street Journal, Sanofi Aventis SA
SNY is in merger discussions with GENZ that would value GENZ at around $80 per share.
Qiao Xing Universal Resources Inc
XING moved up 3.34% to $3.09 in pre-market trading. XING had $520.07 million in total cash and $109.27 million in total debt for the recent quarter.
Lexicon Pharmaceuticals Inc
LXRX gained 3.00% to $2.06 in the pre-market session. LXRX reported its plans to start development of a tablet version of its drug for type-2 diabetes.
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from Benzinga's Markets.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: M&APre-Market OutlookIntraday UpdateMarketsMoversBiotechnologyCommunications EquipmentHealth CareInformation TechnologyPharmaceuticalsSemiconductorsTop Pre-Market NASDAQ Gainers
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