Pre-market Movers For Nov 4 (K, EXTR, BBRY, BRY, LINE, RYAAY, ANEN)

(RTTNews) - Gainers:

Kellogg Co. (K) is gaining 1 percent to $63.25. The company's third quarter earnings were higher than in the previous year period. The company also announced Project K, a global four-year efficiency and effectiveness program, in which it will reduce about 7 percent of its global workforce.

Extreme Networks Inc. (EXTR) is surging 15 percent to $6.19. The company's first quarter results were above Wall Street view. The company also forecast second quarter results above market view.

Berry Petroleum Co. (BRY) is up 10 percent to $53.99 and Linn Energy, LLC (LINE) is rising 6 percent to $32.66 following the news that their boards have unanimously approved an amended merger agreement. LinnCo has agreed to increase the number of common shares it is issuing to 1.68 common shares, from 1.25 common shares, for each common share of Berry outstanding prior to the merger for total consideration of approximately $4.9 billion, including the assumption of debt.

Decliners:

Ryanair Holdings plc (RYAAY) is falling 12 percent to $44.00. The company's first half earnings improved marginally, helped by increased traffic. At the same time, the company lowered its full year profit forecast, citing a fall in average prices.

Trading halt:

Trading in shares of BlackBerry Ltd. (BBRY) was halted. The company announced the conclusion of its review of strategic alternatives. Fairfax Financial Holdings and other institutional investors will invest $1 billion through private placement of convertible debentures. The company also announced that its chief executive Thorsten Heins will step down and that John Chen will be appointed Executive Chair of BlackBerry's board and also as Interim CEO.

Trading in shares of Anaren, Inc. (ANEN) was halted. The company has agreed to be acquired by an affiliate of The Veritas Capital Fund IV, L.P. for $28.00 per share cash.