Oxford, MS 4/1/2011 (Penny PayDay) -- Nasdaq OMX was falling 4% to $24.80 and IntercontinentalExchange was down 1.7% to $121.45 in premarket trading Friday after the exchange companies jointly proposed to buy NYSE Euronext for $42.50 in cash and stock, or about $11.3 billion.The proposal represents a 19% premium over the price proposed by Deutsche Boerse and a 27% premium over NYSE Euronext's stock price on Feb. 8, the day before NYSE Euronext's announcement that it was in discussions with Deutsche Boerse.
NYSE Euronext was surging 11% to $39.05 in premarket trading Friday.
Seattle-based biotech firm Omeros was tumbling 28.1% to $4.95 after reporting disappointing late-stage clinical trial results.
Allied Irish Banks jumped 21.7% to $2.92 in premarket trading and is expected to trade in a volatile manner during Friday's regular trading session after stress tests of Ireland's banking sector indicated that it needs €24 billion ($34 billion) more in cash and a major overhaul.
Digital products company Logitech International was tumbling 18.8% to $14.72 after lowering its outlook for fiscal 2011 operating income to the range of $140 million to $150 million, down from the previous range of $170 million to $180 million. Sales forecasts were lowered to the range of $2.35 billion to $2.37 billion, down from the previous range of $2.40 billion to $2.42 billion. On average, analysts were expecting full-year sales of $2.41 billion.
Office supplier Office Depot was falling 7.1% to $4.30 after announcing the restatement of 2010 financial results following the Internal Revenue Service's denial of a tax claim by the company.
Online employment services company Monster Worldwide was rising 1.6% to $16.15 ahead of the U.S. nonfarm payrolls report for March.
Ocean transportation company Alexander & Baldwin was reported to have had a roughly 9% stake bought by Pershing Square Capital Management.
Krispy Kreme Doughnuts swung to fourth-quarter loss of 2 cents a share vs. earnings of a penny a share the same time last year.
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