Among the companies with shares expected to actively trade in
Tuesday's session are Joe's Jeans Inc. (JOEZ), Heidrick &
Struggles International Inc. (HSII) and NQ Mobile Inc. (NQ).
Joe's Jeans said it is buying Hudson Jeans for about $97.6
million, in the latest takeover in the premium denim market.
However, shares fell 12% to $1.63 after hours as the company's
second-quarter results fell short of analysts' expectations.
Heidrick & Struggles said L. Kevin Kelly has stepped down as
chief executive and resigned from the company's board of directors.
Shares fell 15% to $15.22 after hours as the company said it has
concluded its previously announced exploration of strategic
alternatives and decided to pursue a standalone strategy.
NQ Mobile raised its second-quarter sales outlook, as the mobile
Internet-services company touted its success in deriving income
from its user base. The company also said it plans to buy the
remaining 45% stake that it doesn't already own of its subsidiary,
Beijing NationSky Network Technology Inc. The deal, valued at $25.3
million, is expected to boost earnings in the third quarter.
American depositary shares rose 8.9% to $10.66 after hours.
AmREIT Inc. (AMRE) said it plans to sell three million shares,
as the grocery and drugstore landlord aims to pay down debt and
fund acquisitions. The real-estate investment trust had around 16.2
million shares outstanding as of May 7. Shares fell 2.7% to $18.34
after hours.
Berry Plastics Group Inc. (BERY) said funds affiliated with its
largest shareholders, Apollo Global Management LLC, and another
shareholder, Graham Partners Inc. are planning to sell a combined
15 million shares. Shares were off 3.6% after hours to $21.45.
Cintas Corp.'s (CTAS) fiscal fourth-quarter earnings rose 9.4%
as the uniforms and restroom supplies company's revenue continued
to strengthen. However, shares slipped 3.9% to $46 after hours as
the company offered full-year earnings guidance below analysts
expectations.
Insmed Inc. (INSM) said it is offering $60 million of its common
stock and plans to use the proceeds from the sale to fund further
clinical development of its lead product candidate, Arikace, among
other things. The company recently had a market capitalization of
$347.2 million, according to FactSet. Shares fell 5% to $10.38
after hours.
Koppers Holdings Inc. (KOP) lowered its second-quarter and
full-year earnings guidance, citing volatility in demand and
pricing for certain products as a result of the weak economy in
Europe. Shares of the company, which produces carbon compounds and
treated wood products, slipped 2.9% to $38.50 after hours.
Marathon Petroleum Corp. (MPC) projected second-quarter adjusted
profit that badly missed Wall Street's expectations, weakness the
refining-and-pipeline company attributed to unfavorable
crude-oil-price fluctuations. Shares were off 3.4% to $70.60 after
hours.
PennantPark Floating Rate Capital Ltd. (PFLT) plans to offer 4.7
million shares, as the business development company plans to use
the proceeds to reduce its debt or make acquisitions. The company
had roughly 10.3 million shares outstanding as of May 9. Shares
were off 3.5% after hours to $14.09.
Watchlist:
Actavis Inc. (ACT) said it received U.S. Food and Drug
Administration approval for its generic version of GlaxoSmithKline
PLC's (GSK, GSK.LN) Lamictal drug for epilepsy and bipolar disorder
and plans to launch its tablet--called
Lamotrigine--immediately.
Brown & Brown Inc.'s (BRO) second-quarter earnings rose 22%
as the insurance agency and brokerage firm continued to report
steady growth from commissions and fees in its retail business.
Results edged out Wall Street expectations.
Citigroup Inc. (C) improperly disclosed personal information of
nearly 150,000 people in consumer bankruptcy filings, the Justice
Department said.
EQT Midstream Partners LP (EQM) agreed to acquire EQT Corp.
(EQT) subsidiary Sunrise Pipeline LLC in a cash-and-common-unit
deal valued at roughly $540 million.
Healthcare Realty Trust Inc. (HR) has launched an offering of
three million shares. The owner and manager of outpatient
health-care facilities plans to use the proceeds to make
acquisitions, pay down debt and for other general purposes.
Healthcare Realty Trust had around 90.4 million shares outstanding
as of April 26.
Health Management Associates Inc. (HMA) again urged its
shareholders to reject Glenview Capital Management LLC's efforts to
overhaul the hospital operator's board and called the hedge fund's
actions an "unnecessary distraction," according to a regulatory
filing.
J.M. Smucker Co. (SJM) approved a 12% increase to the food
company's dividend, an increase that will cost the firm an
additional $25 million a year.
Wilshire Bancorp Inc. (WIBC) has agreed to acquire Saehan
Bancorp (SAEB) in a deal valued at $105.5 million, a move that
combines two Korean-American franchises.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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