STOCKS NEWS US-Talisman to buy Rift Oil for $186.8 mln

Stocks on the move [HOT-RTRS]

Real-time Equity news [U][E] [RESF/US]

For U.S. stock market report double-click [.N]
1122 ET 16June2009-Talisman to buy Rift Oil for $186.8 mln
------------------------------------------------------------------------------

Rift Oil Plc (RIFT.L) has agreed to be bought by Talisman
Energy Inc (TLM.N) (TLM.TO) in a cash deal valued at about
$186.8 million.

The deal is expected to close by the second week of
August.

For details, see [ID:nBNG361848]

U.S.-listed shares of Talisman were flat at $14.95.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1105 ET 16June2009 Players favor puts in Western Digital
------------------------------------------------------------------------------

Put volume in hard disk drive maker Western Digital Corp
(WDC.N) was 10 times the normal average daily turnover this
morning with about 25,000 contracts traded vs. 1,572 calls,
according to Trade Alert. Nearly all of the volume was in the
July $22.50 put strike with volume of 24,494 lots against
previous open interest of 5,233, Reuters data show.

The early flow in that strike price indicated that
customers were opening buyers at premiums of 65 to 85 cents per
contract as shares traded slightly lower near $24.50, said
Trade Alert president Henry Schwartz. Western Digital's
earnings are expected after July expiration, so buyers may be
positioning for a preannoucement or some other downside
catalyst, Schwartz said.

Western Digital shares fell 1.25 percent to $24.56 in late
morning trade.

Reuters Messaging: doris.frankel.reuters.com@reuters.net
1052 ET 16June2009-Private equity firms shunned by Sara Lee -
source
------------------------------------------------------------------------------

Private equity firms are being dissuaded from bidding on
Sara Lee's (SLE.N) household and personal-care business, a
source familiar with the matter told Reuters on Tuesday.

The New York Post, citing two people close to the process,
said Goldman Sachs (GS.N), which is fielding offers for the
unit, is blocking Blackstone Group (BX.N) and Kohlberg Kravis
Roberts KKR.UL from participating.

The seller wants to attract a bidder from its own sector
rather than a financial buyer, the source who spoke to Reuters
said.

For details, see [ID:nN16257691]

Shares of Sara Lee fell 0.7 percent to $8.80.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net;
Editing by Kenneth Barry
1042 ET 16June2009-Syms shares surge, may close Filene's deal
soon
------------------------------------------------------------------------------

Shares of Syms Corp (SYMS.O) surged on Tuesday, advancing
after it said it expects to close its purchase of bankrupt
retailer Filene's Basement as early as Thursday.

"If its agreement is approved by the Bankruptcy Court, Syms
expects to consummate the acquisition of the vast majority of
the current operating Filene's Basement store leases, store
fixtures and inventory on or about June 18," the company.

For details, see [ID:nN16510526]

The stock advanced 7.4 percent to $7.67.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1025 ET 16June2009-FuelCell stock sinks after news of share
sale
------------------------------------------------------------------------------

Shares of FuelCell Energy Inc (FCEL.O) sank on Tuesday,
dropping after it said it would sell 6.7 million common shares
for $3.59 each.

The per-share price represents a discount of 18 percent to
the company's Monday closing price.

The company, which manufactures fuel-cell power plants for
electric power generation, expects to use net proceeds from the
offering for product development, project financing, expansion
of manufacturing capacity and general corporate purposes.
[ID:nBNG293278]

The stock dropped 9.8 percent to $3.96.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net