The markets opened lower with the Dow losing 38 points to 16,292 on flat producer prices. Nasdaq fell 22 points to 4,774.
On the upside
Siris Capital Group will pay a premium of approximately $1 billion in cash to acquire Premiere Global Services (NYSE: PGI).
Shares of Vivus (Nasdaq: VVUS) extended its gains.
Arrowhead Research (Nasdaq: ARWR) nominated ARC-HIF2 as its first therapeutic candidate delivered using a new Dynamic Polyconjugate.
On the downside
Marvell Technology Group (Nasdaq: MRVL) initiated an investigation into certain accounting and internal control matters and reported a preliminary loss for the second quarter.
Energy Focus (Nasdaq: EFOI) priced its follow-on offering of common stock at the discounted price of $17.00 per share.
Finisar (Nasdaq: FNSR) chief executive Eitan Gertel resigned and the company reported first quarter results that fell short of analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 fell 7 points to 1,945. Bitcoin eased a fraction to $238.