Among the companies with shares expected to actively trade in
Monday's session are Walgreen Co. (WAG) and Clearwire Corp.
(CLWR).
Walgreen and Express Scripts Holding Co. (ESRX) have agreed to
dismiss a lawsuit Express Scripts filed last year over Walgreen's
marketing tactics when the relationship between the drugstore chain
and pharmacy-benefit manager was breaking down. Walgreen shares
were up 1.2% to $30.30 after hours.
Crest Financial Ltd. reported a 5.9% stake in Clearwire, making
it one of the telecommunications company's largest shareholders,
and said it seeks to discuss the possibility of adding members to
the company's board. Shares were 2.2% to $1.18 after hours.
Watchlist:
Arrow Electronics Inc. (ARW) said it approved adding $200
million to its share repurchase program, joining a growing list of
firms looking to boost shareholder value.
Bed Bath & Beyond Inc. (BBBY) said it bought Linen Holdings
LLC for about $105 million in cash, marking the second acquisition
deal for the home furnishings retailer in as many months.
Charming Shoppes Inc.'s (CHRS) fiscal first-quarter earnings
dropped 32% as the women's plus-size retailer recorded flat
same-store sales and weaker margins.
Cosi Inc. (COSI) said it received another delisting warning from
Nasdaq for failing to maintain a minimum stock price of $1.
Moody's Investors Service placed its ratings on Flowserve Corp.
(FLS) on review for a possible upgrade, a day after the
valve-and-pump maker unveiled a new capital structure program.
Geokinetics Inc. (GOK) has named David Crowley, most recently
the chief executive of Enventure Global Technology, as its new
president and chief operating officer.
O'Reilly Automotive Inc. (ORLY) said it boosted its
stock-buyback program by $500 million, raising the auto-parts
retailer's total authorization to $2 billion.
-Edited By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;
nathalie.tadena@dowjones.com