Pre-market Movers For Dec 16 (AIG, CBST, PATH, SLTM, AVGO, LSI)

(RTTNews) - Gainers:

American International Group, Inc. (AIG) is up 2 percent to $50.70. The company agreed to sell its aircraft leasing unit International Lease Finance Corp. to AerCap Holdings NV (AER) in a cash and stock deal valued at about $5.4 billion. The consideration includes $3.0 billion of cash and 97.56 million newly issued AerCap common shares.

Cubist Pharmaceuticals Inc. (CBST) is rising 9 percent to $68.50. The company announced positive top-line results from its pivotal Phase 3 clinical trial of its antibiotic candidate ceftolozane/tazobactam in complicated intra-abdominal infections. The company noted that Ceftolozane/tazobactam, in combination with metronidazole, met the FDA and the European Medicines Agency defined primary endpoints of statistical non-inferiority compared to meropenem.

NuPathe Inc. (PATH) is jumping 45 percent to $3.35. Endo Health Solutions (ENDP) agreed to acquire the company for $2.85 per share in cash, or about $105 million. In addition to the upfront cash payment, NuPathe shareholders will receive rights to receive additional cash payments of up to $3.15 per share if specified net sales of migraine treatment Zecuity are achieved over time.

Solta Medical, Inc. (SLTM) is gaining 39 percent to $2.91. Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) has agreed to puchase all of the outstanding common shares of the company for $2.92 per share cash.

Avago Technologies Ltd. (AVGO) is up 15 percent to $52.51 and LSI Corp. (LSI) is gaining 38 percent to $10.97. Avago agreed to acquire Semiconductor company LSI for $11.15 per share in an all-cash transaction valued at $6.6 billion.