delaware court of chancery

Sovereign Bancorp (NYSE: SOV) 71.7% HIGHER; Bounces after dropping 72% yesterday on fears after the fall of Wachovia.

Also, the stock was upgraded at Fox-Pitt to Outperform and at Sandler O'Neill to Hold. Huntsman Corp. (NYSE: HUN) 60.1% HIGHER; announced the decision of the Delaware Court of Chancery to enter judgment in favor of Huntsman Corporation denying all declarations sought by Apollo Management, L.P. and Hexion Specialty Chemicals, Inc.

StreetInsider.com Morning Movers: Huntsman Corp. (NYSE: HUN) 56% HIGHER; announced the decision of the Delaware Court of Chancery to enter judgment in favor of Huntsman Corporation denying all declarations sought by Apollo Management, L.P. and Hexion Specialty Chemicals, Inc. in their suit requesting that the Chancery Court excuse Hexion from its obligation to consummate the pending transaction.

Sovereign Bancorp (NYSE: SOV) 21% HIGHER; Bounces after dropping 72% yesterday on fears after the fall of Wachovia.

There was also at least two upgrades this morning.

Triad Guaranty Inc. (Nasdaq: TGIC) 40% LOWER; today announced that it has ended its negotiations with Lightyear Capital LLC to form a new mortgage insurance company.

Triad also reported today that Freddie Mac informed Triad that the appeal of its subsidiary's suspension as an approved mortgage insurer has been denied.

StreetInsider.com Pre-Open Movers:

Huntsman (NYSE: HUN) 35% LOWER; Hexion Specialty Chemicals filed suit in the Delaware Court of Chancery alleging its $10.6 billion merger agreement with Huntsman is no longer viable.

Apria Healthcare Group Inc.

(NYSE: AHG) 30% HIGHER; entered into a definitive merger agreement with an affiliate of The Blackstone Group (NYSE: BX) in a transaction valued at approximately $1.6 billion.

Coventry Health Care, Inc.

(NYSE: CVH) 20% LOWER; cut second quarter and full year 2008 earnings per share estimates.

StreetInsider.com After Hours Movers:

Huntsman (NYSE: HUN) 35% LOWER; Hexion Specialty Chemicals filed suit in the Delaware Court of Chancery alleging its $10.6 billion merger agreement with Huntsman is no longer viable.

Coventry Health Care, Inc.

(NYSE: CVH) 20% LOWER; cut second quarter and full year 2008 earnings per share estimates. The Company expects second quarter diluted earnings per share (EPS) in the range of $0.55 to $0.57 and full year diluted EPS in the range of $3.65 to $3.75.

The consensu sis $1.04 and $4.43, respectively.

Evergreen Solar, Inc.