Among the companies whose shares are expected to actively trade
in Tuesday's session are Sears Holdings Corp. (SHLD), Mead Johnson
Nutrition Co. (MJN) and Quicksilver Resources Inc. (KWK).
Sears Holdings said it expects to close roughly 100 stores in a
bid to revitalize its business and reduce expenses, while also
reporting continued sales struggles in the latest quarter. The
company's shares tumbled 9.5% to $41.50 premarket.
Mead Johnson Nutrition said on Sunday that a new round of tests
done on its Enfamil Premium Newborn infant formula found no trace
of the bacteria tied to the death of a baby in Missouri. Last week
national retailers including Wal-Mart Stores Inc. (WMT), Walgreen
Co. (WAG), Kroger Co. (KR) and Safeway Inc. (SWY) pulled a batch of
the powdered infant formula from their shelves. Shares of Mead
Johnson traded up 6.5% to $69.55 premarket.
Quicksilver Resources has formed a partnership with
private-equity firm Kohlberg Kravis Roberts & Co. (KKR) to
construct and operate natural gas midstream services in Canada.
Quicksilver Resources's shares added 3.5% to $7.20 premarket.
MetLife Inc. (MET) said GE Capital Financial Inc. will acquire
most of its U.S. retail deposit business as the insurance company
looks to end its stint as a bank holding company. Financial terms
of the deal, which is expected to close in the second quarter,
weren't disclosed. Shares of MetLife climbed 2.9% to $32
premarket.
Cal-Maine Foods Inc.'s (CALM) income jumped 53% in its fiscal
second-quarter as strong retail demand during the holidays and
higher selling prices helped offset higher feed costs. Cal-Maine's
shares rose 5.1% to $35.99 in light premarket trading.
Perfumania Holdings Inc. (PERF) agreed to acquire Parlux
Fragrances Inc. (PARL) for about $170 million in cash and stock.
The deal values shares of Parlux, which jumped 95% to $6.75 in
premarket trading, between $7.91 and $8.55 apiece, depending on
stockholders' choice of compensation.
Acadia Pharmaceuticals Inc. (ACAD) intends to offer up to 20
million shares of its common stock, a move that could boost the
number of shares outstanding by nearly 38%. Shares of the
biopharmaceutical company slipped 6.5% to $1.16 in recent premarket
trading.
Watch List:
Oil-and-gas exploration company Endeavour International Corp.
(END) said it agreed to acquire ConocoPhillips's (COP) interest in
three producing U.K. oil fields in the Central North Sea for $330
million, including about $94 million in tax attributes, building on
Endeavour's North Sea holdings.
Fresh off a trademark dispute that forced Research In Motion
Ltd. (RIMM, RIM.T) to rename its next line of BlackBerry phones,
the company is in the midst of another legal battle over the use of
the name of its popular instant-messaging service, BBM, The Wall
Street Journal reported Friday.
Wendy's Co. (WEN) said it plans to open about 100 restaurants in
Japan over the next five years, following the recent grand opening
of its first Japanese joint venture location in Tokyo.
Westmoreland Coal Co. (WLB) said it plans to pay about $74
million in cash and assume roughly $118 million in liabilities to
purchase a Wyoming coal mine from a Chevron Corp. (CVX) unit.
-Edited by Corrie Driebusch and Ian Thomson; write to
corrie.driebusch@dowjones.com and ian.thomson@dowjones.com