Among the companies with shares expected to actively trade in
Monday's session are Amerigroup Corp. (AGP), WellPoint Inc. (WLP),
Sirius XM Radio Inc. (SIRI) and FX Alliance Inc. (FX).
Health-benefits provider WellPoint agreed to acquire the
managed-care company Amerigroup in a roughly $4.46 billion cash
deal in an effort to expand its presence in the Medicaid space.
Amerigroup holders will receive $92 a share, a 43% premium to
Friday's closing price. Amerigroup shares trading 38% higher
premarket at $89.07, while WellPoint shares were trading about 4%
higher at $62.30.
Sirius XM raised its full-year revenue and subscriber growth
guidance as the satellite-radio operator continues to expand its
subscriber base. Sirius XM now expects revenue of $3.4 billion for
the year, up from the $3.3 billion it projected in May. The company
also expects to grow net new subscribers by 1.6 million, versus its
earlier prediction of 1.5 million new subscribers. Shares were up
3.9% premarket to $2.13.
Thomson Reuters Corp. (TRI) has agreed to buy electronic
currencies trading platform FX Alliance in a move that will see the
two trading platforms merge to create a trading venue where the
largest banks in the space will interact with corporate clients and
high-frequency traders. Thomson Reuters will acquire all of FX
Alliance for $22 a share in cash and the deal is expected to close
in the third quarter of this year. FX Alliance shares were trading
39% higher at $21.90 premarket.
Youku Inc. (YOKU) signed a multiple-year agreement with
NBCUniversal International Television Distribution for the
video-on-demand rights in China to NBCUniversal's feature films.
The films will be available for on-demand viewing through Youku
Premium. The China Internet television company's shares traded at
$21.30 premarket, up 5%.
Boeing Co. (BA) received a firm order for 60 737 Max 8 and 15
737 Max 9 airplanes from Air Lease Corp. (AL). The order, with a
list-price value of $7.2 billion, represents the first 737 Max
order by a leasing company. Air Lease expects to take its first Max
in 2018. Boeing shares up 1.4% at $74.70 premarket.
Yahoo Inc. (YHOO) and Facebook Inc. (FB) have reached a
settlement ending patent litigation between the firms, drawing an
end to a nasty but ultimately short-lived dispute that had roiled
Silicon Valley. The agreement is intended to further expand
partnership ties between the firms that predate the litigation, and
doesn't involve any payments. Facebook shares trading 1.4% higher
at $32.18, while Yahoo shares were up 12 cents to $15.90.
AT&T Inc. (T) said about 7,000 core wireline employees have
failed to ratify a one-year contract extension and said it will
continue to work with their union to reach an agreement. Shares
were trading at $35.40 premarket, up four cents.
Watchlist:
Baker Hughes Inc. (BHI) said the number of drilling rigs
actively exploring or developing oil in June rose 4.5% from May and
for the first time since 1990 the global count included Iraq, which
helped offset the month-to-month decline in U.S. rigs. The
oilfield-services company said the world-wide rig count rose to
3,484 in June from 3,335 rigs in May, and increased 7% from 3,257
rigs a year earlier.
Box Ships Inc. (TEU) said it is withdrawing its public offering
of 700,000 units, which was part of an effort to finance the
acquisition of two containerships. The Athens shipping company,
which specializes in transporting containers, didn't give a reason
for withdrawing the offering, which consisted of preferred shares
and warrants. The company wasn't immediately available for
comment.
Campbell Soup Co. (CPB) agreed to acquire natural-foods company
Bolthouse Farms from Madison Dearborn Partners LLC for about $1.55
billion, expanding the Campbell's presence in the growing packaged
fresh-foods category.
Johnson & Johnson's (JNJ) Janssen unit said the U.S. Food
and Drug Administration has assigned a priority review designation
to its supplemental new drug applications filed in May for its
anticoagulant Xarelto. The priority review status means the drug
will likely be reviewed in six months rather than the standard 10.
Janssen also said it is withdrawing its supplemental new drug
application for Xarelto's use in reducing the risk of stent
thrombosis in patients with acute coronary syndrome, and plans to
resubmit this later.
Commodity supply chain company MFC Industrial Ltd. (MIL) agreed
to take over Compton Petroleum Corp. (CMT.T) in a deal worth $33
million Canadian dollars (US$32.3 million) in an effort to expand
its commodities platform. MFC Industrial agreed to pay $1.25 for
each of Compton's 26.4 million shares outstanding. Compton is a
developer and producer of natural gas, natural gas liquids and
crude oil in Canada.
NiSource Inc. (NI) agreed to two joint ventures with private oil
and gas exploration company Hilcorp Energy to support natural gas
production and to develop the hydrocarbon potential in the Utica
Shale region of northeast Ohio and western Pennsylvania. NiSource
and Hilcorp will construct new gathering pipeline infrastructure
and natural gas liquids processing facilities to support natural
gas production. The first phase of the venture's investment
program, amounting to about $300 million, is planned for later this
year.
Qlik Technologies Inc. (QLIK) cut its second-quarter revenue
guidance, citing challenging macroeconomic conditions, especially
in Europe. The software company now expects second-quarter revenue
of $84 million to $86 million, down from its April estimate of $91
million to $96 million. Qlik also cut the high end of its earnings
guidance by a penny, now projecting per-share earnings of one to
two cents.
Southwest Airlines Co.'s (LUV) June traffic stayed flat from a
year ago, moderating after three straight months of year-over-year
declines. The airline said its capacity eased 0.7% in June from a
year earlier and its load factor, or the percentage of seats
filled, edged up to 84.4% from 83.9%. Southwest estimated that
passenger revenue per available seat mile rose 6% during June.
Spectrum Pharmaceuticals Inc. (SPPI) has again extended its
tender offer for fellow biopharmaceutical company Allos
Therapeutics Inc. (ALTH), so that the companies can continue
cooperating with the Federal Trade Commission. It also said the
European Commission has recommended against the approval of Allos's
peripheral T-cell lymphoma treatment Folotyn.
Stryker Corp. (SYK) has voluntarily recalled two metal devices
used in hip implant surgeries, citing risks associated with
corrosion.
Write to Melodie Warner at melodie.warner@dowjones.com