Thursday’s biggest gaining and declining stocks

Orlando, FL 5/3/12 (StreetBeat) -- Shares of the following companies made notable moves in U.S. trading Thursday:

Gainers

Teradata Corp. (NYSE: TDC +4.95%) shares rose 5.3% Thursday. Earlier, the company reported strong first-quarter earnings that beat analyst estimates, as the firm revised its 2012 outlook modestly higher.

Kensey Nash Corp. (Nasdaq: KNSY +32.20%) shares jumped 32%. Dutch life-sciences company Royal DSM NV agreed to acquire the biomedical company for about $337 million in cash, at a premium of about 33%.

Scripps Networks Interactive Inc. (NYSE: SNI +6.31%) shares were up 6.4% Thursday after the parent of cable channels Food Network and HGTV reported first-quarter results that easily surpassed most forecasts on strong ad sales.

Decliners

Cablevision Systems Corp. (NYSE: CVC -5.24%) shares were down 7.3% Thursday on a first-quarter revenue figure that fell short of most analysts’ estimates. Miller Tabak cut its rating on the cable-television operator to neutral from buy, thouugh the company reported a gain in basic-video customers during the period, in contrast to peers Comcast (Nasdaq: CMCSA +0.08%) and Time Warner Cable (NYSE: TWC -0.64%), the two largest U.S. cable companies.

Prudential Financial Inc. (NYSE: PRU -8.16%) shares dropped 8.1%. Late Wednesday, financial results showed the company swinging to a first-quarter loss on charges relating to currency fluctuations and derivative impacts, mostly related to the Japanese yen’s decline against the U.S. dollar.

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DSM to buy Kensey Nash (Nasdaq: KNSY) for $360 million

Shawshank, VA 5/3/12 (StreetBeat) -- Dutch high-performance materials maker Royal DSM NV says it has launched a $38.50 per share takeover offer for Kensey Nash Corp. (Nasdaq: KNSY), a bid that values the U.S. company at $360 million.

The all cash bid, which is endorsed by Kensey Nash's supervisory and management boards, offers a 33 percent premium to Kensey Nash's closing price of $29.01 on May 2, DSM said in a statement Thursday.

Heerlen, Netherlands-based DSM said Kensey Nash will strengthen its position in the market for medical coatings as well as help it enter the market for engineering and regenerating body tissue.

Exton, Pennsylvania-based Kensey Nash expects sales of around $90 million in the 12 months ending in June.

DSM said it expects the deal to close this quarter pending regulatory approval.

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