CHICAGO (MarketWatch) — Here are some of Tuesday’s biggest gaining and declining stocks:
Europe firms turn to the U.S.
In the latest symptom of Europe's financial turmoil, the region's riskier companies are bypassing banks and investors at home and turning to the U.S. for loans. (Photo: Getty Images)
Chesapeake Energy Corp. /zigman2/quotes/201364537/composite CHK 0.00% rose 3.4%. Late Friday, investor Carl Icahn disclosed a 7.6% stake in the natural gas and oil producer and said he’d like to see four of the company’s board members replaced.
Interline Brands Inc. shares were up almost 40% after GS Capital Partners and P2 Capital Partners entered into an agreement to take the company private in a transaction value at about $1.1 billion including cash and debt.
LeCroy Corp. shares jumped more than 55%. The firm said it had agreed to be bought by Teledyne Technologies Inc. /zigman2/quotes/203527738/composite TDY +0.13% for $291 million.
Interline Brands Inc. shares rose 40%. The firm said Tuesday that it is being bought by an investor group that includes Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS +0.02% f
North American Energy Partners /zigman2/quotes/208206696/composite NOA -1.95% rose almost 28% after the company said Martin Ferron, former chief executive of Helix Energy Solutions, has been named CEO of North American Energy Partners.
Peabody Energy Corp. /zigman2/quotes/203600175/composite BTU +9.12% added 5.6% on Tuesday. Goldman Sachs upgraded the shares to buy, saying the coal producer’s future in China, plus current valuations, make the shares attractive.
Terex Corp. /zigman2/quotes/208619410/composite TEX -0.88% rose 11% after BMO Capital upgraded the shares to outperform from market perform.
U.S.-listed shares of Banco Bilbao Vizcaya Argentaria S.A. /zigman2/quotes/204078760/composite BBVA -3.53% gave up 5%, while Banco Santander S.A. fell 5.5% on concerns about the continuing instability of the Spanish banking system. The Spanish government said Friday it would move ahead with a $24 billion bailout of Bankia, its third largest lender.
Facebook Inc. /zigman2/quotes/205064656/composite FB -0.90% shares continued to slide, losing another 9.6% to hover around the $29 mark. Other Internet-based media and entertainment companies fell, as well, with Pandora Media down more than 10% and Zynga Inc. /zigman2/quotes/209662259/composite ZNGA +0.95% giving back almost 8%. Yelp Inc. /zigman2/quotes/201334325/composite YELP -4.02% backpedaled 6.2%.
VeriFone Systems Inc. shares were down 6.3% after the company provided additional details about its cash flow following its recent report of first-quarter results. The company said it was responding to shareholder inquiries.
Vertex Pharmaceuticals Inc. /zigman2/quotes/202259802/composite VRTX -2.24% shares fell almost 11%. The biotech firm said it had revised study results for a recent clinical trial. The company said the trial showed 19% of patients experienced a 10 percentage point improvement or more, well below the 30% it had first seen.