Among companies with shares expected to actively trade in
Monday's session is Herbalife Ltd. (HLF), Acme Packet Inc. (APKT)
and Rockwell Medical Inc. (RMTI).
Herbalife Ltd. (HLF) may be under investigation by the Federal
Trade Commission, The New York Post reported Monday, citing
documents obtained via the Freedom on Information Law. The
nutritional-supplements maker is embroiled in a public battle over
its business model, defending itself against criticism from hedge
fund manager William Ackman who argues it is a pyramid scheme.
Shares fell 9.4% to $31.80 in premarket trade.
Oracle Corp. (ORCL) agreed to buy Acme Packet Inc. (APKT) for
about $1.98 billion in cash, a deal the technology heavyweight said
will accelerate the deployment of all-IP networks. Oracle will pay
Acme's shareholders a per-share cash price of $29.25, a premium of
22% over Friday's close. Acme Packet shares rose 22% to match the
offer price.
Rockwell Medical Inc. (RMTI) said its iron-delivery drug met its
targets in a late-stage trial, sending shares up 26% to $8.10 in
premarket trade.
Brown & Brown Inc.'s (BRO) fourth-quarter earnings rose 17%
as the insurance agency and brokerage firm continued to report
top-line growth from commissions and fees. Shares jumped 5.4% to
$28.97 in premarket trading after results beat Wall Street
expectations.
Watchlist:
Standard & Poor's downgraded its rating on NII Holdings Inc.
(NIHD) one notch further into speculative territory, noting the
wireless carrier's credit measures have deteriorated from factors
including a delay in deploying 3G networks in its markets,
primarily Brazil.
Moody's Investors Service placed its rating on Scientific Games
Corp. (SGMS) on review for a possible downgrade, noting the
company's plans to buy gaming-machine maker WMS Industries Inc.
(WMS) for $1.5 billion will increase its leverage.
Wet Seal Inc. (WTSLA) unveiled a series of cost-reduction
efforts, including the elimination of the chief operating officer
position, that will save the teen-clothing retailer about $5.5
million this year.
Yahoo Inc.'s (YHOO) biggest shareholder has sold 11 million
shares, as it seeks to maintain a consistent percentage holding in
the Internet firm amid Yahoo's aggressive stock buyback
program.
Write to Mia Lamar at mia.lamar@dowjones.com
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