Among the companies with shares expected to actively trade in
Tuesday's session are Impax Laboratories Inc. (IPXL), Ascena Retail
Group Inc. (ASNA) and Santarus Inc. (SNTS).
Impax said Food and Drug Administration inspectors have found
continuing problems at its Hayward, Calif., manufacturing facility
that may affect new and pending drug applications. Shares fell 17%
to $16.65 in late trading.
Ascena's fiscal second-quarter earnings fell 26% as the women's
apparel retailer continued to post heavier charges from an
acquisition and other costs, masking sales growth. Shares jumped
16% in after-hours trading, to $19.20, as results beat Street
expectations.
Santarus's fourth-quarter earnings nearly tripled as the
specialty biopharmaceutical company reported double-digit revenue
growth and also provided upbeat earnings guidance for the current
year. Shares climbed 11% to $15.33 after hours.
First Industrial Realty Trust Inc. (FR) has launched an offering
of 8.4 million shares, intending to use the proceeds to pay down
debt, acquire property or for other general purposes. The
real-estate investment trust had around 91.5 million shares
outstanding as of late December. Shares fell 2.1% in after-hours
trading to $16.
Jazz Pharmaceuticals PLC (JAZZ) said that certain shareholders
plan to offer almost 5.4 million shares. The biopharmaceutical
company won't receive any proceeds from the sale, and its total
number of shares outstanding--roughly 57.9 million shares as of
early November--won't change. Shares fell 2.2% to $58.70 after
hours.
Vornado Realty Trust (VNO) moved to dump more than 40% of its
holdings in department store chain J.C. Penney Co.(JCP), cutting
its losses on a drastic and failing turnaround that the activist
investor helped spark. J.C. Penney shares were off 2% to $16.40
after hours.
Trulia Inc. (TRLA) plans to sell around $100 million of its
shares, expecting to use the proceeds to make acquisitions or
investments, and for other general purposes. The real-estate
listing service recently had a market capitalization of around $766
million. The stock was down 5.4% at $26.50 after hours.
Energy company Williams Partners L.P. (WPZ) plans to offer 10
million units representing limited-partner interests. At the same
time, the company will sell three million units to affiliate
Williams Cos. (WMB) in a private placement. Williams Partners
expects to have 411 million units outstanding after the offering,
and plans to use the proceeds to pay down debt. Units dropped 3.2%
to $48.93 after hours.
Quinpario Partners LLC reported a 10% stake in Zoltek Cos.
(ZOLT) and is seeking to remove all of the company's directors,
saying the carbon fibers manufacturer has significantly
underperformed both commercially and financially. Shares were up
5.4% to $9.75 after hours.
Watchlist:
ABM Industries Inc.'s (ABM) fiscal first-quarter earnings
climbed 26% as recent acquisitions helped boost the
facility-services contractor's revenue and as it recorded a smaller
tax provision. Results topped analyst expectations.
Electrical-product maker AZZ Inc. (AZZ) said Chief Executive
David H. Dingus has been diagnosed with pancreatic cancer and will
undergo aggressive treatment starting this week.
Casella Waste Systems Inc.'s (CWST) fiscal third-quarter loss
narrowed as charges related to an investment weighed on the
waste-management company's year-ago results, although revenue was
relatively flat in the latest period.
Coinstar Inc. (CSTR) said it plans to privately offer $300
million in senior unsecured notes due 2019 and will use proceeds
for general corporate purposes.
K12 Inc. (LRN) has agreed to a $6.75 million payment by its
insurance carriers to settle allegations that the online education
company didn't properly disclose student enrollment and retention
data.
Leggett & Platt Inc. (LEG) said its Chief Operating Officer
Karl Glassman will take on the additional title of president and
said it expects Chief Executive David Haffner to be elected
chairman at the diversified manufacturer's board meeting in
May.
MRC Global Inc. (MRC) said that its biggest stockholder, PVF
Holdings LLC, has launched an offering of 17 million shares. The
company, which distributes pipes, valves and fittings to the energy
and industrial sectors, had 101.6 million shares outstanding as of
Feb. 27.
Fitch Ratings upgraded Pioneer Natural Resources Co. (PXD) a
notch to investment grade, noting the energy company's production
growth and strong reserves.
Moody's Investors Service lowered its rating on RadioShack Corp.
(RSH) one notch further into junk territory, pointing to the
consumer-electronics retailer's steep decline in operating
performance and profitability.
SHFL Entertainment Inc.'s (SHFL) fiscal first-quarter profit
fell 7.6% as the casino-games company reported higher costs related
to growth and litigation, masking revenue growth.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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