NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market.
Quaker Oats, down $3.25 at $83.75.
Groupe Danone of France dropped plans to acquire Quaker for about $15 billion in stock. Danone and a handful of other suitors have sought Quaker primarily to acquire Quaker’s strongest brand, Gatorade, which has about 85 percent of the sports drink market. Danone officials said the purchase wasn’t in the best interest of its shareholders.
DaimlerChrysler, up $1.15 at $40.23
The international car maker said Thursday it will partner with Caterpillar to make medium-duty engines, fuel systems and other parts for high-speed trains.
CommScope, down $5.75 at $18.13.
The cable equipment supplier fell after one of its biggest customers, AT&T Broadband, AT&T Corp.’s cable unit, announced it was delaying purchase of pending equipment shipments in a cost cutting measure.
Nasdaq Stock Market
Antec Corp., down $2.36 to $8.70.
The cable equipment company fell after warning that a purchasing delay by one of its biggest customers, AT&T’s broadband unit, will hurt Antec’s fourth-quarter revenue and earnings.
Sema Group, down $7.81 at $10.
The information technology company said second-half profit won’t meet analysts’ expectations.
Pharmacopeia, up $1.50 to $22.63.
An analyst at S.G. Cowen reiterated a strong buy rating on Pharmacopia and range of other biotechnology stocks.