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Saturday, January 31, 2009

Imation, Tuesday Morning, Tyco Electronics: U.S. Equity Preview

Jan. 31 (Bloomberg) -- Shares of the following companies may have unusual fluctuations in U.S. trading on Feb. 2. Stock symbols are in parentheses.

Imation Corp. (IMN:US): The maker of Memorex brand DVDs and videotapes eliminated its dividend, saying the recession has been harsher that it anticipated.

Immucor Inc. (BLUD:US): The maker of blood-testing equipment increased the threshold that triggers a so-called poison pill takeover defense, preventing its activation until a shareholder amasses a 20 percent stake. Immucor said the boost from 15 percent isn’t in response to a bid.

Tuesday Morning Corp. (TUES:US): The discount home- furnishing retailer increased the size of its credit line by 20 percent to $180 million.

Tyco Electronics Ltd. (TEL:US): The world’s biggest maker of electronic connectors said it notified New York State that the cancellation of a statewide wireless network agreement valued at $2 billion is a breach of contract.

Warner Chilcott Ltd. (WCRX:US): The maker of health-care products for women sued an Actavis Group unit to block the marketing of a generic version of the Doryx oral antibiotic.

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