Among the companies with shares expected to actively trade in
Thursday's session are Boston Beer Co. (SAM), Endo Health Solutions
Inc. (ENDP) and Harbinger Group Inc. (HRG).
Boston Beer raised its full-year earnings target for 2012, an
increase the Sam Adams brewer attributed to stronger shipments, as
depletion of the products sold by distributors and wholesalers has
risen above expectations. Shares jumped 12% to $128.50 after
hours.
Endo Health Solutions said it may miss its full-year earnings
expectations and doesn't expect to meet its prior 2013 guidance, as
the pharmaceutical company also disclosed its President and Chief
Executive David P. Holveck will retire next year. Shares were down
5.8% at $26 in after-hours trading.
Holding company Harbinger Group said certain shareholders
affiliated with Harbinger Capital Partners, which currently control
a majority stake in the company, are offering an undisclosed number
of shares. Harbinger Group won't receive any proceeds from the
offering. Shares fell 15% to $8.65 in after-hours trading.
Regal-Beloit Corp. (RBC) has launched an offering of 2.75
million shares, expecting to use the proceeds for general purposes
that may include acquisitions. The electric-motor maker recently
had around 41.8 million shares outstanding. Shares fell 3.5% in
after-hours trading to $67.75.
Watchlist:
Access Midstream Partners LP (ACMP) said an upsized offering of
16 million units priced at $32.15 a piece, matching its Wednesday
closing price.
CA Inc. (CA) named former Taleo Corp. chief Michael P. Gregoire
to replace retiring CEO William E. McCracken at the helm of the
business technology company.
Connecticut Water Service Inc. (CTWS) said its offering of
nearly 1.5 million shares priced at a 0.1% discount to its
Wednesday closing price.
Hexcel Corp. (HXL) unveiled 2013 earnings guidance mostly below
analysts' expectations but said it expects sales to Airbus, Boeing
Co. (BA) and their subcontractors to maintain a double-digit growth
rate over the next five years.
Infinity Pharmaceuticals Inc. (INFI) said it is offering an
undisclosed number of shares, as it seeks to raise funds for
research and development costs, potential acquisitions and other
purposes.
Juniper Networks Inc. (JNPR) has agreed to acquire Contrail
Networks Inc. in a roughly $176 million cash-and-stock deal
intended to enhance the network-gear maker's software networking
capabilities.
Lattice Semiconductor Corp. (LSCC) on Wednesday cut its revenue
outlook for the fourth quarter, citing weakness in the
communications end market and the global distribution channel.
MetLife Inc. (MET) said the Office of the Comptroller of the
Currency has conditionally approved General Electric Co.'s (GE)
acquisition of around $6.5 billion of its bank deposits, a crucial
step in the insurer's efforts to exit the banking business.
Nordion Inc. (NDZ, NDN.T) said it is postponing the release of
its fiscal fourth-quarter results as it discusses possible
amendments to the terms of its $75 million credit facility.
Pep Boys-Manny Moe & Jack's (PBY) board authorized a $50
million stock-repurchase program. President and Chief Executive
Mike Odell on Wednesday said "Based on current market prices, we
believe that our stock is undervalued and that the repurchase
program is a good investment of available cash on hand and future
cash flows."
Platinum Underwriters Holdings Ltd. (PTP) and XL Group PLC (XL)
released their estimated catastrophe losses related to superstorm
Sandy, becoming the latest firms to estimate the impact of the
storm that hammered the U.S. Northeast in late October. Reinsurer
Platinum Underwriters expects fourth-quarter results to be hurt by
about $30 million because of Sandy. XL Group expects losses related
to Sandy of $350 million, net of reinsurance and reinstatement
premiums, with about 60% of the estimated loss related to its
reinsurance unit.
Restoration Hardware Holdings Inc. (RH) swung to a fiscal
third-quarter profit as the housewares retailer's sales
increased.
Sarepta Therapeutics Inc. (SRPT) said it is offering an
undisclosed number of shares as it seeks to raise funds for the
development of its investigational muscular-dystrophy treatment
eteplirsen and other drug candidates.
Synta Pharmaceuticals Corp. (SNTA) said it is offering shares in
an effort to raise $40 million to $50 million for research and
development, clinical trials, manufacturing and other purposes. The
company recently had a market capitalization of $545 million.
Weight Watchers International Inc. (WTW) appointed former Kraft
Foods Inc. executive James R. Chambers to serve in a new global
role of president and chief operating officer.
Williams Cos. (WMB) said its offering of 46.5 million shares
priced at 0.4% discount to its Wednesday closing price.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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