CenterState Banks, Sequenom and THQ lead small-cap volume in pre-market
CenterState Banks Inc. (Nasdaq:CSFL), Sequenom Inc. (Nasdaq:SQNM) and THQ Inc. (Nasdaq:THQI) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Micromet Inc. (Nasdaq:MITI), Cathay General Bancorp (Nasdaq:CATY), KapStone Paper and Packaging Corp. (Nasdaq:KPPC), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Harbin Electric Inc. (Nasdaq:HRBN) and Energy Conversion Devices Inc. (Nasdaq:ENER).
KeyStone Paper and Packaging rises on mill purchase
Shares of KapStone Paper and Packaging Corp. (Nasdaq:KPPC) are higher on news after the start of trading that the maker of kraft paper and converter of inflatable dunnage bags has signed an agreement with MeadWestvaco Corp. (NYSE:MWV) to purchase its kraft division $485 million. The sale includes a paper mill, lumber mill and four wood chip mills.
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Synergies are expected to be at least $2.5 million per year, Northbrook, Ill.-based KapStone said. The deal is expected to close by the end of the third quarter of 2008. At 3:51 p.m. ET, the stock was up $0.51, or 8%, to $7.01. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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