P.F. Chang’s, Sears Among Top Stock Price Percentage Gainers May 1st

P.F. Chang’s China Bistro (NASDAQ:PFCB): P.F. Chang’s China Bistro announced that it has entered into a definitive merger agreement with Centerbridge Partners in a transaction valued at approximately $1.1B, which will result in P.F. Chang’s becoming a private company. Under the terms of the merger agreement, which has been approved by the Company’s Board of Directors, Centerbridge will acquire all of the outstanding shares of P.F. Chang’s common stock for $51.50 per share in cash. This represents a premium of approximately 30% over the average closing share price of P.F. Chang’s common stock for the 30 days ended April 30, 2012. Under the terms of the agreement, it is anticipated that Centerbridge will commence a tender offer for all of the outstanding shares of the Company no later than May 15, 2012. The transaction is conditioned upon, among other things, satisfaction of the minimum tender condition of approximately 83% of the Company’s common shares, the receipt of the Federal Trade Commission’s approval and other customary closing conditions. The shares closed at $51.48, up $11.79, or 29.71%. They have traded in a 52-week range of $26.10 to $42.36.

Sears Holdings Corporation (NASDAQ:SHLD): Sees Q1 con tops net $155M-$195M. The cont ops EPS view includes approximately $235M, after tax and minority interest, of gains from the sale of certain U.S. and Canadian stores. The shares closed at $62.05, up $8.27, or 15.38%. They have traded in a 52-week range of $28.89 to $85.90.

IPG Photonics Corporation (NASDAQ:IPGP): IPG Photonics sees Q2 revenue $128M-$138M, consensus $134.58M. “Order flow continues to be robust,” said the company “In North America, manufacturers are increasingly using fiber lasers in a broader range of industrial materials processing applications, which resulted in strong year-on-year sales growth for the region. Europe and China are performing better than expected considering the macro-economic factors in each region. Operationally, we are focused on identifying new opportunities for expansion, including developing specialized laser systems to meet customers’ needs and penetrating more deeply into the micro processing market with our QCW lasers. The range of applications for our fiber lasers continues to expand and we plan to capitalize on that growth with our superior technology, reliable and cost-effective products, and volume manufacturing capabilities.” The shares closed at $55.17, up $6.77, or 13.99%. They have traded in a 52-week range of $33.33 to $78.59.

Veeco Instruments Inc. (NASDAQ:VECO): ThinkEquity increased its target on Veeco after the company reported stronger than expected Q1 results. The firm believes that the company is gaining market share and it maintains a Buy rating on the stock. The shares closed at $34.82, up $4.63, or 15.34%. They have traded in a 52-week range of $20.35 to $57.67.

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