Oxford, MS 4/4/2011 (Penny PayDay) -- Drug company Pfizer was rising 0.6% to $20.50 in premarket trading Monday after agreeing to sell its Capsugel business for $2.375 billion in cash to an affiliate of investment firm Kohlberg Kravis Roberts.Windstar Cruises parent Ambassadors International was falling 78.6% to 60 cents after filing for bankruptcy protection and announcing plans to sell all its assets to stakeholder Whippoorwill Associates.
Electronics manufacturing services supplier LaBarge was surging 9.5% to $19.09 in premarket trading after aerospace and defense services company Ducommun said Monday it would acquire LaBarge for about $340 million.
Airline carrier Southwest was tumbling 4.7% to $12.08 after grounding about 80 planes for inspection and cancelling about 300 flights Saturday when a 15-year-old Boeing 737-300 was forced into an emergency landing at a military base in Yuma, Ariz., with a hole a few feet long in the roof of the passenger cabin, The Associated Press reported.
BP, the British oil company, was rising 0.9% to $46.09 in premarket trading, after saying Monday it agreed to sell its Arco Aluminum subsidiary to a consortium of Japanese companies for $680 million.
Communications and Entertainment company Vivendi agreed to buy mobile company Vodafone's 44% stake in French mobile operator SFR for €7.95 billion ($11.3 billion). Vodafone was rising 1.1% to $29.39 in premarket trading.
The Securities and Exchange Commission is preparing to bring civil charges against Wachovia, a unit of financial services company Wells Fargo, for allegedly overpricing mortgage-bond deals, The Wall Street Journal reported, citing people familiar with the matter. Wells Fargo was up 0.2% to $32.12 in premarket trading.
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