SAN FRANCISCO (MarketWatch) -- Shares of the following companies were among those that made significant percentage moves in the U.S. stock market Monday.
Adams Respiratory Therapeutics shares soared 36%. The New Jersey-based drugmaker agreed to a bid of $60 a share, or $2.3 billion, cash from Reckitt Benckiser Group. /zigman2/quotes/204605475/composite RBGPF +0.75% /zigman2/quotes/206856088/delayed UK:RB -0.17% .
Autodesk Inc.'s /zigman2/quotes/209828392/composite ADSK +0.20% shares gained 3.1% after the software maker's board approved the repurchase of up to 20 million shares of common stock. The authorization is in addition to about 5 million shares remaining under a previous program.
Focus Media Holding Ltd. rose 3.7%. It entered into a definitive agreement to acquire CGEN Digital Media Co. for $168.4 million in cash and an additional $181.6 million in cash and Focus Media shares. The purchase is expected to close in the first quarter of 2008.
MBIA Inc. /zigman2/quotes/205815173/composite MBI +1.23% shares climbed 13% after the bond insurer said it would get a $1 billion investment from private-equity firm Warburg Pincus in an effort to shore up its capital to preserve its AAA rating.
MGI Pharma Inc. shares surged 20%. The biotechnology company said it will be acquired by Eisai Co., /zigman2/quotes/202565502/composite ESALY -0.05% /zigman2/quotes/203064480/delayed JP:4523 -0.64% , a Japanese health-care company, for $41 a share cash, or $3.9 billion, the companies said. The deal price is 23% above MGI's Friday closing price and 39% over its price of $29.55 on Nov. 28, the last trading day before it said it would explore strategic options.
Swiss banking giant UBS AG /zigman2/quotes/206172872/composite UBS +6.48% rose 2.3% after the company said it would get a capital injection of $11.5 billion from the government of Singapore and an unnamed investor in the Middle East. It also warned it would write down the value of its subprime mortgage holdings by another $10 million, potentially wiping out its profits for the year. See full story.
Forward Air Corp. /zigman2/quotes/207526946/composite FWRD -0.0081% shares dropped 5.7% after Bear Stearns lowered its rating on the transportation and logistics provider to underperform.
Shares of Great Atlantic & Pacific Tea Company Inc. fell 3.2% following the company's announcement that it will offer $380 million in senior convertible notes. Banc of America Securities and Lehman Brothers will act as joint book running managers for the proposed note offering.
NBTY Inc. shares fell 2.6% after the company said total November sales fell 2% to $159 million. The nutritional supplements maker said European retail sales rose 1% to $52 million.
Orient-Express Hotels Ltd. shares lost 4.3%. The company said an association with Indian Hotels Co. Ltd. isn't in the best interest of its shareholders. In a letter to Indian Hotels, Orient-Express said Indian Hotels' proposal of a possible combination of the two companies' international properties was not "strategic fit." In a recent regulatory filing, Indian Hotels indicated it boosted its stake in Orient-Express to 11.5%, saying it planned to explore "a possible association or strategic transaction" with the Bermuda-based hotelier.
Tandy Brands Accessories Inc. fell 3.2%. The company named M.C. (Craig) Mackey as chief financial officer.
Trident Microsystems Inc. fell 12% after Goldman Sachs lowered its rating to neutral from buy.