Pre-Open Movers 7/23: Fannie (FNM), Freddie (FRE) Up Housing Bill' Costco (COST) Sinks On Lower...

More News related to Special Reports StreetInsider.com Pre-Open Movers: Philadelphia Consolidated Holding Corp. (Nasdaq: PHLY) 63% HIGHER; Tokio Marine Holdings, Inc. and Philadelphia Consolidated entered into a definitive agreement under which TMHD will acquire all outstanding shares of Philadelphia Consolidated for $61.50 per share in cash. The total transaction value is approximately U.S. $4.7 billion. The transaction is expected to close in the fourth quarter of 2008. Aehr Test Systems (Nasdaq: AEHR) 26% LOWER; reports Q4 EPS of $0.21 (ex-$0.53 per share tax benefit), 5 cents worse than the analyst estimate of $0.26. Revenues for the quarter were $10.9 million, versus the consensus of $11.80 million. (Note - only 1 analyst) ANADIGICS, Inc. (Nasdaq: ANAD) 23% LOWER; reports Q2 EPS of $0.18, 2 cents better than the analyst... [read full story]