Among the companies with shares expected to actively trade in
Wednesday's session are Mediware Information Systems Inc. (MEDW),
Xyratex Ltd. (XRTX) and Globecomm Systems Inc. (GCOM).
Private equity investment firm Thomas Bravo LLC agreed to buy
health-care-software maker Mediware Information Systems for about
$194.6 million in cash as it looks to expand its stake in the fast
growing health-care technology sector. Under the terms of the deal,
Mediware shareholders will get $22 a share, a 40% premium over the
company's Tuesday close. Shares up 39% to $21.82 premarket.
Xyratex lowered its fiscal third-quarter revenue expectations,
pointing to reduced demand from large customers in its core
enterprise data-storage division and deferrals in meeting
acceptance testing criteria for its latest products. The
storage-systems provider's shares sank 16% to $9.00 premarket.
Globecomm's fiscal fourth-quarter earnings more than tripled as
infrastructure revenue at the provider of satellite-based
communication services increased, though service revenue and
margins weakened. Shares plummeted 19% to $10.72 premarket as the
company forecast results for the new fiscal year below analyst
expectations.
American depositary shares of the National Bank of Greece SA
(NBG, ETE.AT) traded 12% higher premarket to $2.51 amid Germany's
highest court throwing out attempts to delay the country's
ratification of the European Stability Mechanism and the so-called
"Fiscal Pact", a move which removes a major question mark over two
crucial elements of the euro zone's plan to manage its debt crisis.
The Greek bank also received a boost from Greece's state
privatization agency Tuesday which approved a memorandum of
understanding with the bank--owner of the luxury Astir Palace hotel
in an upscale coastal suburb south of Athens--to jointly develop
the property.
Paccar Inc. (PCAR) expects third-quarter production of its
commercial trucks to be lower than previously forecast, providing
fresh evidence that demand for trucks in the U.S. is likely to
remain weak into the fall. The company says truck production will
be 15% to 20% below the second-quarter's production level, compared
to its previously predicted 10% decline. Shares of the maker of
Kenworth and Peterbilt-brand trucks fell 2.5% to $40.65
premarket.
Chinese video-sharing web portal Youku Tudou Inc. (YOKU) was
started at a buy by Citi. The firm said Youku has strengthened to
its top position in video content and user traffic through its
merger with Tudou, and that in China, the Internet has become the
most important media platform. American depositary shares were up
7% to $19.10 in premarket trading.
Steel Dynamics Inc. (STLD) expects third-quarter earnings to
come in far short of Street expectations, as the steelmaker sees
shipments falling. Shares of the company fell 3.2% in premarket
trading to $11.89.
Facebook Inc. (FB) Chief Executive Mark Zuckerberg made his
first public comments since his firm's flawed initial public
offering of stock on Tuesday, and acknowledged that his diminished
stock price might encourage some employees to leave. Shares were up
6.2% to $20.61 premarket.
China biotechnology company 3SBio Inc. (SSRX) said its board
received an offer to take the company private for a 29% premium
over its closing price on Tuesday. The offer, for $15 per American
depositary share, came from the company's chairman and chief
executive, Jing Lou, and a fund associated with Citic Private
Equity Funds Management Co., a Chinese private-equity firm with
about $5 billion in assets under managements. Shares up 20% to
$13.90 premarket.
Santarus Inc. (SNTS) said an advanced study of an
investigational antibiotic met its primary endpoint in treating
travelers' diarrhea. Shares jumped 6.3% in premarket trading to
$8.29.
Teekay Offshore Partners LP (TOO) plans to offer roughly seven
million of its common units, representing limited partner
interests. The provider of marine transportation and other services
to the offshore oil industry had about 70.6 million units
outstanding as of June 30. Shares were off 4.9% to $27.34
premarket.
Vanguard Natural Resources LLC (VNR) is offering six million of
its common units, representing limited-liability company interests,
priced at $27.51 a share. The oil and gas exploration company had
about 51.6 million common units as of Aug. 1. Units were down 4.5%
to $27.38 premarket.
Watchlist:
PepsiCo Inc. (PEP) President John Compton is leaving the global
food and beverage giant to become chief executive of privately held
Pilot Flying J, which operates truck stops and convenience
stores.
Red Lion Hotels Corp. (RLH) has suspended its review of
strategic alternatives after the midscale hotels company didn't
receive any buyout or merger offers.
Medical staffing company Team Health Holding Inc.'s (TMH)
principal stockholder, Ensemble Health LLC, is offering eight
million shares. The selling shareholder is an affiliate of the
Blackstone Group L.P. (BX), which owns about 26.4 million
shares--or a roughly 39% stake in the company, according to a
regulatory filing. After the offering, Blackstone and its
affiliates are expected to own between roughly 26% and 27% of the
company shares.
Texas Instruments Inc. (TXN) narrowed its third-quarter revenue
outlook around the midpoint of its guidance and lifted the lower
end of its earnings outlook as an insurance payment and cost cuts
masked softer demand.
Trina Solar Ltd. (TSL) unveiled plans to streamline its
business, including plans to separate its photovoltaic module and
systems units, as the Chinese solar-products maker looks to cut
costs amid an increasingly competitive solar PV industry.
Write to Anna Prior at anna.prior@dowjones.com
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