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Quick Look Market Closing Price:
At the close: Dow -0.29% to 12083. S&P -0.23% to 1275. Nasdaq +0.46% to 2760.
Treasurys: 30-year -0.58%. 10-yr -0.51%. 5-yr -0.23%.
Commodities: Crude +1.24% to $84.26. Gold -0.06% to $1621.05.
Currencies: Euro +0.51% vs. dollar. Yen +0.45%. Pound -0.18%.
After Hours News:
Shuffle Master (SHFL): Q2 EPS of $0.20 in-line. Revenue of $66.1M (+10.4% Y/Y) beats by $1M. Shares +0.8% AH
Dollar General (DG): FQ1 EPS of $0.63 beats by $0.04. Revenue of $3.9B (+13% Y/Y) beats by $80M. Shares +2.1% AH
Array BioPharma (ARRY) says its MEK162 selective inhibitor shows promising clinical activity in Phase ll trial in patients with NRAS mutated melanoma. Shares +2.5% AH
Opnext (OPXT) +12.4% AH to $1.09 after disclosing it received and rejected an unsolicited offer to buy the company for $1.40/share. Opnext says its board concluded the offer isn't superior to an existing deal to merge with rival optical component vendor Oclaro (OCLR). Oclaro's all-stock offer was worth $1.96/share at the time of the merger announcement, but is worth $0.97/share today. OCLR +2.6%.
Starbucks (SBUX) is buying Bay Bread, owner of the La Boulange bakery chain, for $100M in cash. The company plans to introduce La Boulange's pastries and breads to its U.S. coffee shops, while also expanding La Boulange's own U.S. retail presence. Starbucks expects the deal to dilute 2H12 EPS by $0.02. SBUX -2.4% AH. GMCR -2.6%
Array BioPharma (ARRY) says its MEK162 selective inhibitor shows promising clinical activity in Phase ll trial in patients with NRAS mutated melanoma. Shares +2.5% AH
Opnext (OPXT) +12.4% AH to $1.09 after disclosing it received and rejected an unsolicited offer to buy the company for $1.40/share. Opnext says its board concluded the offer isn't superior to an existing deal to merge with rival optical component vendor Oclaro (OCLR). Oclaro's all-stock offer was worth $1.96/share at the time of the merger announcement, but is worth $0.97/share today. OCLR +2.6%.
Starbucks (SBUX) is buying Bay Bread, owner of the La Boulange bakery chain, for $100M in cash. The company plans to introduce La Boulange's pastries and breads to its U.S. coffee shops, while also expanding La Boulange's own U.S. retail presence. Starbucks expects the deal to dilute 2H12 EPS by $0.02. SBUX -2.4% AH. GMCR -2.6%