Aeroflex Inc.
$2.05
18.6%
Aeroflex Inc. stock jumped to $13.06. The maker of testing gear for the aerospace and defense industries agreed to be purchased by investment firms General Atlantic LLC and Francisco Partners LP for about $1 billion in cash.
AvalonBay Communities Inc.
-$5.83
4.4%
Shares of AvalonBay Communities Inc. fell to $125.46. Shares of the nation’s third-largest apartment real-estate investment trust could fall to $110 each as the market is flooded with apartments, Barron’s said, citing Doug Kass of hedge fund Seabreeze Partners.
Barnes & Noble Inc.
-$4.56
11.4%
Barnes & Noble Inc. stock slid to $35.56. The world’s largest book retailer forecast full-year profit that trailed analysts’ estimates because of lower prices.
British Airways PLC
-$5.80
5.7%
British Airways PLC American depositary receipts, each representing 10 shares, tumbled to $96.70. The U.S. and European Union reached a tentative accord that would expose the airline to new competition at London’s Heathrow Airport.
Palm Inc.
-$1.80
9.8%
Palm Inc. stock sank to $16.50. The maker of the Treo e-mail phone was cut to “underweight” from “neutral” at JPMorgan Chase & Co.
Shares of Pathmark Stores Inc.
$1.21
10.8%
Shares of Pathmark Stores Inc. increased to $12.46. Great Atlantic & Pacific Tea Co., the owner of the A&P and Food Emporium supermarket chains, agreed to buy Pathmark for $679 million.
