Technology stocks were slipping pre-bell Friday. The Technology Select Sector SPDR Fund (XLK) was declining 0.8%, while the iShares Semiconductor ETF (SOXX) was 0.7% lower.
Maxar Technologies (MAXR) rose above 120% after it said it agreed to be acquired by Advent International for $6.4 billion in cash.
Avaya Holdings (AVYA) was retreating more than 30% after The Wall Street Journal said the company is close to filing for bankruptcy in a bid to restructure its balance sheet.
Outbrain (OB) was climbing more than 10% as it authorized a new share buyback program of up to $30 million of its common shares.
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