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Big Movers in the Stock Market

February 22, 2000

NEW YORK (AP) _ Stocks that have been moving substantially or trading heavily today on the New York Stock Exchange and Nasdaq Stock Market.


Consolidated Papers Inc., up 10 1/2 at 36 1/2

The Wisconsin Rapids, Wis.-based paper company agreed to be acquired by Scandinavian forest products company Stora Enso for about $4 billion, or $44 per share.

Ascent Entertainment Group Inc. up 4 11/16 at 14 13/16

John Malone’s Liberty Media Group agreed to acquire the Denver-based sports and broadcasting company for about $460 million or $15.25 per share. Ascent owns a majority interest in On Command Corp., a leading provider of on-demand video services in hotel rooms.

Sterling Commerce, up 12 at 43 9/16

SBC Communications announced a $44.25-per-share cash offer to acquire Dublin, Ohio-based Sterling, an Internet software company.


Nextel Communications, up 12 5/16 at 131

The Reston, Va.-based wireless phone company posted a lower-than-expected loss for the most recent quarter and announced a 2-for-1 stock split.

Travel Services, up 7 3/4 to 25 1/2

The company, based in Delray Beach, Fla., agreed to be acquired by Airtours LLC for $26 a share, or $385 million.

Cell Pathways Inc., down 7 3/8 to 49 7/8

Forbes reported that analysts at Avalon Research group don’t believe Horsham, Pa.-based Cell Pathway will win approval for its Aptosyn drug.

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