Sonesta International Hotels Corp. leads Monday percentage gainers

Tweet   

Boston-based Sonesta International Hotels Corp. (Nasdaq: SNSTA) announced at the start of trading it has initiated a review of strategic options available for enhancing shareholder value.

Draper, Utah-based 1-800 CONTACTS, Inc. (Nasdaq: CTAC) announced at the start of trading it agreed to be purchased by Fenway Partners for $24.25 per share, or about $340 million. The acquisition price is 21% premium over the company’s closing price on Friday, June 1.

Houston-based KMG Chemicals, Inc. (Nasdaq: KMGB) announced its CEO David Hatcher has resigned from his position, but will continue to be “actively involved” as chairman. The specialty chemicals business also announced revenue of $28 million for the third quarter ended April 30, up from $21 million in the year-ago period. The company recorded net income of $3.8 million, or $0.34 a share, up from $1.85 million, or $0.20 per share, a year earlier.

Oklahoma City-based Quest Resource Corp. (Nasdaq: QRCP) said it plans an IPO of a new partnership for the natural gas company’s exploration and production operations.

Hayward, Calif.-based Cholestech Corp. (Nasdaq: CTEC) announced this morning it agreed to be bought by Inverness Medical Innovations, Inc. (AMEX: IMA) for $21.02 a share, or about $326.3 million.

San Diego-based Accredited Home Lenders Holding Co. (Nasdaq: LEND) announced it agreed to be acquired by Lone Star Funds for $15.10 per share, or about $400 million, in cash. The mortgage banking company said the deal is expected to be closed in the third quarter ending Sept. 30.

Danbury, Conn.-based FuelCell Energy, Inc. (Nasdaq: FCEL) announced its distribution partner POSCO Power has sold 5.1 megawatts of new power plants in South Korea

Aquamarine Capital Management, which owns a 2.3% stake in Everlast Worldwide Inc. (Nasdaq: EVST), said this morning it will vote against the $146 million buyout offer from Hidary Group for the boxing equipment maker because it believes the price is not high enough.

These are the biggest percentage gainers in Monday's trading among companies with market capitalizations under $500 million: