On the upside
7 Days Group (NYSE: SVN) received an offer to take the company private in a deal valued at approximately $634.7 million.
GuruFocus listed Molycorp (NYSE: MCP) as a bargain of the week.
On the downside
Savient Pharmaceuticals (Nasdaq: SVNT) granted restricted shares and performance based options to newly appointed chief financial officer John P. Hamill.
A federal judged ruled that Assured Guaranty produced enough evidence to move forward with its case against Flagstar Bank (NYSE: FBC) for breaching contracts.
Mitek Systems (Nasdaq: MITK) filed a patent infringement suit against Top Image Systems.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 833.