Chemtura Corp. (NYSE: CHMT) will sell its AgroSolutions agrichemicals business to competitor Platform Specialty Products for approximately $1 billion in cash and stock. The stock price tumbled $2.05 to close at $23.16.

Leju Holdings Ltd. (NYSE: LEJU) stock surged $1.86 to close at $11.86 on its first trading day.

Weibo Soars In Debut


Shares of Weibo Corp. (Nasdaq: WB) soared $3.24 to close at $20.24 in its market debut.

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Lenders Oppose RadioShack Plans


Plans by RadioShack Corp. (NYSE: RSH) to close up to 1,100 stores have been opposed by its lenders. The stock price dropped 30 cents to $1.39.

Barnes & Noble Founder Cuts Stake


Barnes & Noble Inc. (NYSE: BKS) founder and chairman Leonard Riggio reduced his stake in the company from 26.3% to approximately 20% by selling 3.7 million shares sending shares of the book retailer tumbling $2.00 to $16.60.

SanDisk Impresses


First quarter earnings soared for SanDisk Corp. (Nasdaq: SNDK) to $1.14 per share from 68 cents per share in the year ago period to surpass analyst expectations prompting Credit Suisse and Jefferies to raise their price targets on the flash memory maker. The stock price leaped $7.95 to $83.80.

Adtran Revenue Misses


Adtran Inc. (Nasdaq: ADTN) reported higher first quarter earnings of 17 cents per share compared with 13 cents per share in the year ago period but revenue fell short of expectations sending the stock price tumbling $2.21 to close at $22.46.

Shares of TriVascular Technologies Inc. (Nasdaq: TRIV) climbed $1.79 to close at $13.79 in its market debut.

Agnico Eagle Mines Ltd. (NYSE: AEM) and Yamana Gold (NYSE: AUY) will jointly acquire Osisko Mining. Shares of Agnico Eagle Mines tumbled $2.61 to close at $27.88 while Yamana Gold stock lost 36 cents to close at $8.02.

xG Technology Inc. (Nasdaq: XGTI) priced its public offering of 5.265 million common shares at the discounted price of $1.90 per share sending the stock price down 29 cents to $1.88.


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