Among the companies with shares expected to actively trade in
Friday's session are Delphi Automotive PLC (DLPH), VeriFone Systems
Inc. (PAY) and SemTech Corp. (SMTC).
Delphi made a binding offer to acquire FCI Group's motorized
vehicles division in a deal valued at EUR765 million, or $972
million, that will strengthen the parts maker's connector product
portfolio. The deal is expected to be accretive to the company's
2013 earnings. Shares jumped 12% to $30.91 after hours.
VeriFone's fiscal second-quarter earnings fell 43% as
restructuring and acquisition-related costs continued to overshadow
stronger revenue and better-than-expected core profit. Shares sank
9.4% to $40.77 after hours as guidance estimates were mostly below
Wall Street expectations.
Semtech's first-quarter earnings slid 90% as expenses and a
purchase accounting adjustment related to the chip maker's
acquisition of Gennum Corp. weighed on margins and bottom-line
results. Shares slipped 4% to $22.75 after hours as adjusted
earnings missed the company's expectations by a penny.
Delcath Systems Inc. (DCTH) said it plans to sell shares of its
common stock and warrants to purchase shares to raise funds to
develop and commercialize the specialty pharmaceutical and medical
device developer's products, as well as for working capital. Shares
slumped 16% to $2 after hours.
New York Mortgage Trust Inc. (NYMT) plans to sell 4 million
shares to raise funds to acquire assets, including commercial and
residential mortgage backed securities, and for other purposes.
Shares fell 4.2% to $6.64 after hours.
Rosetta Genomics Ltd. (ROSG) agreed to sell 570,755 shares to
investors at a 29% discount to its Thursday closing price. The
molecular diagnostics firm's shares fell 11% to $14.49 after hours,
above the $11.50 offering price.
Watchlist:
America's Car-Mart Inc.'s (CRMT) fiscal fourth-quarter profit
jumped 15% as the used-car seller recorded stronger volume and
selling prices. Earnings topped analyst expectations.
AOL. Inc. (AOL) urged shareholders to vote for its slate of
board nominees, saying activist investor Starboard Value LP's
nominees lack a long-term strategy or relevant industry
experience.
Bazaarvoice Inc. (BV) agreed to acquire privately held rival
PowerReviews Inc. in a cash and stock deal valued at $151.9
million, including options, that will expand the branding and
marketing information company's client base among small-to-medium
sized retailers. The company also reported preliminary
fourth-quarter revenue that topped analyst expectations.
Bunge Ltd.'s (BG) board approved a 8% increase in the
grain-processing company's quarterly dividend, the latest in a
series of companies to make shareholder-friendly moves.
Exchange operator CME Group Inc. (CME) declared a five-for-one
stock split, as the company said it hoped a lower share price would
appeal to "a broader, more diverse mix of investor portfolios."
Dish Network Corp.'s (DISH) standoff with broadcasters over its
new ad-skipping technology turned into a legal battle Thursday as
the parties filed lawsuits against each other.
Standard & Poor's Ratings Services upgraded El Paso Pipeline
Partners L.P. (EPB) into investment grade territory, citing the
company's growing size and asset diversity.
Sealed Air Corp. (SEE) appointed Carlisle Cos. (CSL) executive
Carol P. Lowe as its new chief financial officer, starting next
month.
Rue21 Inc.'s (RUE) fiscal first-quarter earnings rose 21% as the
value-oriented teen-apparel retailer continued to record strong
sales growth.
A U.S. District judge for the Eastern District of Pennsylvania
found former USA Technologies Inc. (USAT) director Bradley Tirpak
violated a nondisparagement-contractual provision in his attempted
proxy battle against the company.
Watson Pharmaceuticals Inc. (WPI) confirmed Thursday it has
filed an application with the U.S. Food and Drug Administration to
market a generic version of Auxilium Pharmaceuticals Inc.'s (AUXL)
Testim 1% gel, a testosterone replacement therapy.
-Edited By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com