Midday movers: Amylin, Groupon, Brightpoint

Stocks dip as a key manufacturing index unexpectedly contracts for the first time in nearly 3 years.

By MSN Money Partner Jul 2, 2012 1:20PM
Information provided by Theflyonthewall.com

Shares of Amylin Pharmaceuticals (AMLN) rose almost 9% to $30.70 after Bristol-Myers Squibb (BMY) agreed to acquire the company for $31 per share in cash. 

Another prominently rumored deal came to fruition as Dell (DELL) agreed to buy Quest Software (QSFT) for $28 per share in cash.
 
Among notable gainers Monday are some other acquisition targets, including Brightpoint (CELL), up 63%, on news that it's being acquired by Ingram Micro (IM), and Lincare Holdings (LNCR), up more than 21% after it agreed to be acquired by Linde for $41.50 per share. 

Among noteworthy losers are Groupon (GRPN), down 8% as Susquehanna lowered its price target on shares, and Liquidity Services (LQDT), down nearly 23% on a negative opinion piece about the company circulating the Street.
Tags: AMLNBMYGRPN
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