Among the companies with shares expected to actively trade in
Tuesday's session are WSB Holdings Inc. (WSB), Navidea
Biopharmaceuticals Inc. (NAVB) and Casey's General Stores Inc.
(CASY).
Old Line Bancshares Inc. (OLBK) has agreed to acquire WSB
Holdings, the parent of The Washington Savings Bank F.S.B., for
around $49 million in cash and stock as the southern Maryland bank
seeks to strengthen its regional foothold. The deal values WSB
Holdings at around $6.12 a share, more than double its closing
price of $2.92. WSB shares surged 88% to $5.50 after hours.
Navidea said the Food and Drug Administration didn't approve the
new drug application for its Lymphoseek cancer-detection agent,
citing issues with third-party manufacturing. Shares plummeted 35%
after hours to $2.27.
Casey's General Stores's fiscal first-quarter earnings slipped
0.9% as the convenience-store operator recorded a slight decline in
gallons of gasoline sold on a same-store basis, though grocery
sales increased. Shares climbed 6.2% to $59.09 after hours as
earnings beat analyst expectations.
El Paso Pipeline Partners LP (EPB) has commenced an offering of
7.1 million units representing limited partner interests. The
limited partnership had 207.6 million common units outstanding as
of July 26. Shares were off 4.2% to $34 after hours.
Fifth Street Finance Corp. (FSC) is offering 7.5 million shares
and will use proceeds to repay debt. The specialty finance firm had
82.5 million shares outstanding as of Aug. 8. Shares sank 2.1% to
$10.72 after hours.
Five Below Inc.'s (FIVE) fiscal second-quarter profit fell 44%
as the teen discount retailer logged heavy debt-related expenses,
masking an increase in sales. Shares fell 5.9% in after-hours
trading to $32.75.
General Growth Properties Inc.'s (GGP) largest shareholder
Brookfield Asset Management Inc. (BAM, BAM.A.T) said a sale of the
mall owner would substantially undervalue its future potential,
comments that come as activist investor William Ackman urges the
company to take steps towards selling itself. GGP shares slipped
3.5% to $19.87 after hours.
Palo Alto Networks Inc.'s (PANW) fiscal fourth-quarter loss
narrowed as the network security firm's revenue strengthened.
However, shares were down 9.6% to $64.86 after hours.
Shuffle Master Inc.'s (SHFL) fiscal third-quarter profit rose
14% as the gambling-equipment company continued to benefit from
strong demand for its electronic gambling machines, helped by a
client in Asia. However, results missed Street expectations, and
shares dropped 6.8% after-hours to $14.38.
Sequenom Inc. (SQNM) unveiled plans to offer $100 million of
senior notes due 2017 in a private offering, as the life sciences
company looks to raise funds for the commercialization of its
MaterniT21 Plus laboratory-developed test as well as other general
corporate purposes. Shares were off 6.7% to $3.65 after hours.
Sonoco Products Co. (SON) lowered its third-quarter earnings
guidance, citing operating problems at several of the company's
North American uncoated, recycled paperboard mills and
lower-than-expected volumes in many of its consumer- and
industrial-packaging businesses. Shares fell 3.4% to $30 after
hours as the packaging company also removed its full-year earnings
estimates.
Sun Communities Inc. (SUI) has commenced an offering of 3
million shares of common stock to raise funds to pay down debt. The
real estate had 26.5 million shares outstanding as of June 30.
Shares slipped 4% to $44.05 after hours.
Textainer Group Holdings Ltd. (TGH) said it plans to offer up to
5 million shares while its shareholder Halco Holdings Inc. plans to
offer up to 2.5 million shares. Halco is affiliated with Trencor
Ltd., Textainer's largest shareholder with an approximate 60%
stake. Textainer had 49.6 million shares outstanding as of Sept. 4.
Shares were down 3.7% at $33.90 after hours.
Voyager Oil & Gas Inc., which recently changed its name to
Emerald Oil Inc. (EOX), is offering 82 million shares to raise
funds to repay debt. The exploration and production company had
70.1 million shares outstanding as of Aug. 6. Shares tumbled 12% to
$1.05 after hours.
Watchlist:
Avon Products Inc. (AVP) has named Jeff Benjamin as general
counsel, ending a search it began in July to fill a crucial role as
it faces a federal investigation into bribery allegations.
Genesee & Wyoming Inc.'s (GWR) traffic declined in August as
the railroad operator reported double-digit declines in shipments
of minerals and stones as well as farm and food products.
Moody's Investors Service has put Jefferies Group Inc.'s (JEF)
rating on review for a possible downgrade, citing industrywide
risks among capital markets firms.
KEYW Holding Corp. (KEYW) has agreed to acquire Poole &
Associates Inc. for $126 million in cash and stock as the
cyber-security company seeks to expand its access to a key
intelligence client.
Fitch Ratings has lifted the rating of Kraft Foods Inc. (KFT) a
notch, as the global food company prepares to split into two. The
higher rating will apply to the global snacks company, to be called
Mondelez International Inc., after the spinoff.
Sonic Automotive Inc. (SAH) said its chief financial officer,
David P. Cosper, plans to retire sometime during the first quarter
of 2013 and it is initiating a formal search for his successor.
United Continental Holdings Inc.'s (UAL) traffic edged up 0.4%
in August from a year earlier as the carrier's capacity and plane
fullness also increased.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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