Among the companies with shares expected to actively trade in
Wednesday's session are NetSpend Holdings Inc. (NTSP), Demand Media
Inc. (DMD) and Cornerstone Therapeutics Inc. (CRTX).
Payment processor Total System Services Inc. (TSS) said Tuesday
it has agreed to buy prepaid-debit-card provider NetSpend for about
$1.4 billion in cash. The purchase price equates to $16 per share.
NetSpend shares climbed 29% to $15.91 after hours. NetSpend
competitor Green Dot Corp. (GDOT) shares jumped 10% to $16.10 after
hours as the deal rekindled hopes that the prepaid debit card
provider may also be a takeover candidate.
Web publisher Demand Media said it is considering spinning off
its domain services division from its larger and faster-growing
online content business. Shares soared 17% to $9.15 after
hours.
Italian pharmaceutical company Chiesi Farmaceutici SpA offered
to acquire Cornerstone Therapeutics in a deal valuing the company
at as much as $177.2 million as the major shareholder looks to take
the drug-discovery company private. Shares were up 19% to $6.57
after hours.
Allscripts Healthcare Solutions Inc. (MDRX) swung to a
fourth-quarter loss as the electronic health-records company was
hit by weaker sales, a deferred-revenue provision and other items.
However, shares were up 5.7% at $11.82 in after-hours trading as
analysts said the company turned in solid bookings during the
quarter.
Fidelity National Financial Inc.'s (FNF) fourth-quarter profit
fell 12% as the sale of the title insurer's flood insurance
business boosted year-earlier results, although revenue improved in
the latest period. Results beat analysts' expectations, sending
shares up 3.4% to $26.45 after hours.
La-Z-Boy Inc.'s (LZB) fiscal third-quarter earnings rose 14% as
the furniture company reported higher revenue and saw its retail
segment swing back to profitability. Shares rose 11% to $17.20 in
after-hours trading as results beat analysts' expectations.
Michael Kors Holdings Ltd. (KORS) said certain stockholders plan
to offer 25 million shares, as investors look to cash in following
a recent run-up of the specialty retailer's shares. The company had
about 200.3 million ordinary shares outstanding as of Feb. 13,
according to a regulatory filing. Shares slipped 2.3% to $63.34
after hours.
Millennial Media Inc. (MM) swung to a fourth-quarter profit as
revenue at the mobile advertising service provider strengthened,
masking higher expenses. However, shares slumped 26% to $10.61
after hours as revenue growth missed the company's expectations and
as it offered first-quarter sales guidance that missed Wall Street
expectations.
NorthStar Realty Finance Corp. (NRF) plans to offer 30 million
shares as the real-estate investment trust looks to raise funds for
investments, repurchase or pay its liabilities and for general
corporate purposes. NorthStar had 163.6 million shares outstanding
as of Feb. 15. Shares were down 3.1% at $8.36 after hours.
Oncolytics Biotech Inc. (ONCY, ONC.T) plans to offer an
undisclosed number of shares and will use proceeds to fund its
clinical-trial program, manufacturing program and for general
corporate purposes. The biotechnology firm had about 76.8 million
shares outstanding before the offering. Shares fell 4.5% to $4.46
after hours.
Rambus Inc. (RMBS) raised its first-quarter revenue guidance
after the company signed a patent-license agreement with LSI Corp.
(LSI). Shares of Rambus, which licenses technology used to
accelerate the performance of memory, rose 7% to $6.25 after
hours.
Sina Corp.'s (SINA) fourth-quarter profit fell 75% as the
Chinese Internet company posted investment losses, masking a modest
increase in revenue. However, shares rose 6.4% to $56.90
after-hours as earnings beat Wall Street expectations.
Terex Corp.'s (TEX) fourth-quarter loss widened as the
construction-machinery maker recorded a loss on the early
extinguishment of debt and a decline in revenue in most of its
segments. Shares were down 5.5% to $33 after hours as results
missed analyst expectations.
Terreno Realty Corp. (TRNO) plans to sell 5 million shares and
intends to use proceeds to pay down debt, future acquisitions and
general corporate purposes. The real estate company had 13.4
million shares outstanding as of Feb. 15. Shares slipped 2.8% to
$16.60 after hours.
Watchlist:
Analog Devices Inc.'s (ADI) fiscal first-quarter earnings fell
5.9% as the chip maker continued to face weak demand, with most of
its segments posting softer revenue, led by its automotive
business.
Bob Evans Farms Inc.'s (BOBE) fiscal third-quarter profit slid
73% as the restaurant-chain operator posted several one-time
expenses, though same-store sales at its namesake restaurants
continued to grow.
CC Media Holdings Inc.'s (CCMO) fourth-quarter loss widened,
while sister company Clear Channel Outdoor Holdings Inc. (CCO)
swung to a loss amid debt-extinguishment charges and lower
revenue.
CF Industries Holdings Inc.'s (CF) fourth-quarter earnings rose
7.2% as derivative gains boosted the fertilizer producer's
bottom-line results and as it recorded a smaller tax provision,
though revenue declined.
Dell Inc.'s (DELL) fiscal fourth-quarter earnings fell 31% as
the computer company recorded double-digit revenue declines from
its personal computer and mobility segments.
Nutritional-supplements maker Herbalife Ltd. (HLF), embroiled in
a battle with hedge-fund manager William Ackman over the legitimacy
of its business model, reported a 12% increase in fourth-quarter
earnings and raised its profit outlook for the year ahead.
Marriott International Inc.'s (MAR) fourth-quarter earnings
jumped 28% as the hotel industry bellwether reported stronger
revenue per available room and higher average daily rates.
Nabors Industries Ltd. (NBR) swung to a fourth-quarter profit as
the oil-and-gas drilling contractor reported fewer losses from
discontinued operations, though the company's performance also was
hit by a slowdown in North American onshore activity. The company
also predicted a marked decline in first-quarter income given low
rig counts and depressed spot market rates.
Fourth-quarter profit at Northeast Utilities (NU) rose 54% on
the addition of revenue from Nstar.
Owens & Minor Inc. (OMI) named medical-device industry
veteran Richard A. Meier as the medical-products distributor's
chief financial officer about a year after his predecessor
transitioned to the role of chief operating officer amid a slew of
management changes.
Audley Capital will nominate five candidates for election to
Walter Energy Inc.'s (WLT) board, saying the coal company's
leadership has made questionable financial decisions.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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