U.S. Movers: Alnylam, Beam, Lululemon, Twitter, Wendy's

Mukesh Buch
13 Jan, 2014
New York City

Alnylam surged 65% after Sanofi offered to take 12% stake. Beam agreed to be acquired by Japan-based Suntory for $16 billion. Lululemon shares tumbled 16% on weaker than expected fourth-quarter outlook. Wendy''s lifted same store sales outlook.

[R]11:35 AM New York – Alnylam surged 65% after Sanofi offered to take 12% stake. Beam agreed to be acquired by Japan-based Suntory for $16 billion. Lululemon shares tumbled 16% on weaker than expected fourth-quarter outlook. Wendy''s lifted same store sales outlook.[/R]

Alnylam Pharmaceuticals, Inc ((ALNY)) surged 65.4% or $43.97 to $107.97 after the biopharmaceutical agreed with France-based Sanofi SA for a 12% stake sale for about $700 million or £424.2 million to develop drugs for rare genetic diseases.

Beam Inc ((BEAM)) surged 24.8% or $16.58 to $83.55 after the premium spirit products maker agreed to be acquired by Japan-based Suntory Holdings Limited for $83.50 a share in cash or $16 billion, a 25% premium to Friday''s closing price.

The transaction is expected to close in the second quarter of this year.

BancorpSouth, Inc ((BXS)) slid 22 cents to $24.73 after the bank agreed to buy Ouachita Bancshares Corp and its wholly owned subsidiary Ouachita Independent Bank.

Under the terms, the bank will issue as much as 3,675,000 shares of BancorpSouth common stock plus $22.875 million in cash for each share of Ouachita Bancshares.

Lululemon Athletica inc ((LULU)) tumbled 16.1% or $9.60 to $50 after the athletic apparel retailer expects to post fourth-quarter earnings of 71 cents to 73 cents per share down from its December guidance of 78 cents to 80 cents per share.

The company lowered revenue expectation in the range of $513 million to $518 million on a low-to-mid single digit decline in same-store sales.

Twitter Inc ((TWTR)) climbed 3.2% or $1.83 to $58.83 after Goldman Sachs lifted its price target for the social media network to $65 from $46 on new “innovation” in the fourth quarter.

The Wendy's Co ((WEN)) soared 8.4% or 71 cents to $9.15 after the quick-service restaurant company said same-restaurant-sales jumped in the fourth-quarter 3.1% and 1.9% in the year. Adjusted EBITDA for the quarter dropped 7% to $89 million and for the year climbed 10% to $367.1 Million.