Among the companies with shares expected to actively trade in
Thursday's session are CE Franklin Ltd. (CFK, CFT.T), Lions Gate
Entertainment Corp. (LGF) and TiVo Inc. (TIVO).
National Oilwell Varco Inc. (NOV) agreed to acquire CE Franklin
for about C$231 million, giving the manufacturer of
energy-production equipment a supplier of similar products.
National Oilwell plans to pay C$12.75 per share for CE Franklin, a
36% premium over its Wednesday closing price on the Toronto Stock
Exchange. U.S.-traded shares jumped 37% to $12.40 after hours
Wednesday.
Lions Gate Entertainment swung to a fiscal fourth-quarter loss
as the movie and television studio saw higher marketing and
acquisition expenses overshadow soaring revenue from its two
blockbuster young-adult series. Shares slid 6.6% to $12 after hours
amid the surprise loss.
TiVo swung to a fiscal first-quarter loss as litigation and
marketing expenses rose, though the company reported an increase in
subscribers. Shares slid 1.8% to $8.80 after hours as the company
also issued a downbeat second-quarter outlook.
F5 Networks Inc. (FFIV) said its head of worldwide sales,
Executive Vice President Mark Anderson, resigned after about eight
years with the network-equipment provider company. He was replaced
by Dave Feringa, senior vice president for Americas sales. Shares
dropped 4.9% after hours to $102.26 amid the departure.
BioMarin Pharmaceutical Inc. (BMRN) said it will offer 6.5
million shares and retained broad discretion on the use of the
funds. Shares were down 3.4% at $37 after hours.
Zumiez Inc. (ZUMZ) posted a 13.7% jump in May same-store sales
while analysts expected a 6.6% rise. The company has been on a
tear, delivering strong numbers as teenage consumers respond to its
surfing- and snowboarding-related apparel. Shares were up 2.5% to
$35.63 after hours.
Coldwater Creek Inc.'s (CWTR) fiscal first-quarter loss narrowed
as the women's apparel retailer reported lower overhead costs and
improved margins, though revenue fell more than expected. Shares
slipped 6% after hours to 79 cents.
Watchlist:
Biopharmaceutical firm Alkermes PLC (ALKS) said it won't advance
its study of its opioid-induced constipation treatment, ALKS 37,
after the drug failed to meet the company's goals in a recent
trial.
AptarGroup Inc. (ATR) has agreed to acquire the Stelmi Group, a
maker of elastomer primary packaging components for injectable drug
delivery, for approximately EUR165 million ($207 million) in a deal
that expands the dispenser maker's offerings for the pharmaceutical
industry.
AT&T Inc. (T) has reached a tentative agreement for a
one-year contract extension for nearly 7,000 core wireline workers,
an agreement that comes before the contract expires on June 23.
Endologix Inc. (ELGX) said it planned to offer 2.7 million
shares, as the company looks to use the proceeds for general
corporate needs, which may include research and development and
capital expenditures.
MSCI Inc. (MSCI) said Chief Financial Officer David M. Obstler
will resign to pursue other interests, and Robert Qutub was
appointed to replace him.
Noble Energy Inc. (NBL) has agreed to sell its stake in certain
properties in the United Kingdom's North Sea to Maersk Oil North
Sea Ltd. for approximately $127 million, as the oil-and-gas
explorer continues to divest its noncore properties.
NV Energy Inc. (NVE) on Wednesday said its Chief Financial
Officer Dilek Samil would become chief operating officer, and named
Caesars Entertainment Corp.'s (CZR) financial chief Jonathan
Halkyard as its new CFO.
Tengion Inc. (TNGN) said its board has approved a 1-for-10
reverse stock split in an effort to raise the clinical-stage
regenerative medicine company's per-share trading price above $1 to
comply with Nasdaq listing requirements.
Wells Fargo & Co. (WFC) offered to repurchase as much as $2
billion in debt in a tender offer that includes several series of
notes that begin coming due next year.
-Edited By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com