Pre-market Movers For Sept 5 (BBRY, ASTX, GRPN, POZN, ENVI, CONN, TITN, LNKD)

(RTTNews) - Gainers:

BlackBerry Ltd. (BBRY) is up over 2 percent to $11.05. The company is reportedly planning to run a "fast auction process" that would result in a sale of the company by November.

Astex Pharmaceuticals, Inc. (ASTX) is up 3 percent to $8.57. The company agreed to be acquired by Japanese drugmaker Otsuka Pharmaceutical Co., Ltd for $8.50 per share, totaling approximately $886 million in cash.

Groupon, Inc. (GRPN) is gaining more than 6 percent to $10.95.

POZEN Inc. (POZN) is up 14 percent to $6.03 based on the news that Sanofi US has signed an exclusive license agreement for the commercialization of the company's proprietary, investigational, coordinated-delivery tablets combining immediate-release omeprazole, a proton pump inhibitor, and enteric-coated aspirin in a single tablet, PA8140 and PA32540.

Envivio, Inc. (ENVI) is rising 30 percent to $3.65 following the release of its quarterly results.

Decliners:

Conns Inc. (CONN) is falling 12 percent to $59.70. The company's second quarter profit improved from the prior year period, but missed Wall street view. Total revenues improved and came above the consensus estimate. The company reaffirmed its earnings per share guidance range, but was below market view.

Titan Machinery, Inc. (TITN) is down 5 percent to $16.27. The company's second quarter earnings declined from the last year period and came below Street view. Revenue increased 19 percent and topped the consensus estimate. The company lowered its annual guidance based on increased visibility of market conditions.

LinkedIn Corp. (LNKD) is down 2 percent to $234.40. The company announced that it has priced a follow-on offering of about 5.38 million shares of its Class A common stock at $223.00 per share, for a total offering amount of about $1.2 billion.