Midday movers: AIG, Delta, Dollar General

Stocks are higher amid optimism that budget negotiations between the White House and Republicans have progressed behind closed doors.

By MSN Money Partner Dec 11, 2012 2:03PM
Image, Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

The Treasury announced last night it was exiting its stake in American International Group (AIG), selling its remaining 234.2 million shares of AIG common stock. AIG jumped 4.7% following Treasury's exit. 

Shares of Delta Air Lines (DAL) rose nearly 6% after the company agreed to buy the 49% stake in Virgin Atlantic Airways held by Singapore Airlines for $360 million.

Among the notable gainers were TNS (TNS), up 43% after agreeing to be acquired by Siris Capital for $21 per share, and Clearwire (CLWR), up over 14% after CNBC reported Sprint (S) is in talks to acquire the stake in the company it does not already own. 

Also higher were shares of Gardner Denver (GDI), which rose 2% after Reuters said the company is in exclusive buyout talks with SPX Corp. (SPW). Shares of SPX, however, fell almost 8% after the report. 

Among the other noteworthy losers were Dollar General (DG), down 5.9% after its guidance fell short of Street estimates, and peer Family Dollar (FDO), which fell 5.8% in sympathy.
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