ING, Wynn, Tenet Healthcare are market movers

AP News
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Posted: Sep 12, 2011 4:58 PM
ING, Wynn, Tenet Healthcare are market movers

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

M&F Worldwide Corp., up $3.88 at $24.25

The banking service holding company said it will sell itself to shareholder MacAndrews & Forbes Holdings Inc. for $25 per share.

Colfax Corp., down $1.98 at $21.06

The pump and valve maker said it will buy Charter International, which owns two engineering businesses, in a $2.4 billion deal.

Brady Corp., up $1.94 at $27.75

The identification badge maker said fourth-quarter earnings jumped 37 percent on foreign currency gains and improved efficiency.

Tenet Healthcare Corp., down 50 cents at $4.52

The hospital operator said that it expects its 2011 earnings to be on the lower end of its previously annouced estimates.

ING Groep NV, down 37 cents at $6.27

The Wall Street Journal reported that the Federal Reserve is scrutinizing ING's plan to sell its online bank to Capital One.

Nasdaq

NetLogic Microsystems Inc., up $16.21 at $48.12

Chipmaker Broadcom Corp. said it agreed to acquire NetLogic, which makes chips for Internet networks, for about $3.7 billion.

Wynn Resorts Ltd., up $3.29 at $151.72

The casino operator said it signed a land deal with the Macau government to build its second casino-resort in the territory.

Global Industries Ltd., up $2.63 at $7.78

The company, which provides services for offshore oil and gas exploration, is being bought by rival Technip for about $937 million.