Among the companies with shares expected to actively trade in
Monday's session are AutoNavi Holdings Ltd. (AMAP), Dick's Sporting
Goods Inc. (DKS) and Supertex Inc. (SUPX).
AutoNavi, a Chinese digital maps and navigation company,
received an offer from Chinese e-commerce giant Alibaba Group
Holding Ltd. to be taken private, valuing the company at $1.03
billion. Shares surged 27% to $21.05 premarket, topping the $21
offer price.
Dick's Sporting said its fiscal fourth-quarter sales exceeded
expectations, compelling the company to boost its guidance for the
full year and the period. Shares of the sporting-goods retailer
were up 7.1% to $54.75 in premarket trade.
Kite Realty Group Trust (KRG) agreed to merge with fellow
real-estate firm Inland Diversified Real Estate Trust in a
stock-for-stock deal that will create a company worth $2.1 billion.
Kite Realty shares climbed 5.7% to $6.50 premarket.
Microchip Technology Inc. (MCHP) agreed to acquire fellow
semiconductor manufacturer Supertex for about $394 million to
strengthen its analog business. Shares surged 36% to $33.05
premarket, topping the offer price of $33 a share.
Watch List:
Electronic payments company ACI Worldwide Inc. (ACIW) trimmed
its full-year guidance, citing its inability to finalize several
contracts that were expected to close in the fourth quarter.
American Airlines Group Inc. (AAL) reported passenger traffic
rose 3.8% in January from a year earlier, led by growth in in its
international segment.
James River Coal Co. (JRCC) said it has tapped advisers to help
the troubled Appalachian coal mining company explore a potential
sale and other strategic alternatives.
Jones Group Inc. (JNY) said its fourth-quarter loss narrowed as
the footwear and apparel maker's lower costs offset a continued
decline in revenue. Adjusted earnings beat expectations.
McDonald's Corp. (MCD) said its global same-store sales improved
1.2% in January, with stronger performances in China and Europe
making up for softness in the U.S. The company last month forecast
same-restaurant sales for January to be "relatively flat."
E.W. Scripps Co. (SSP) agreed to acquire two television
stations, one in Detroit and another in Buffalo, N.Y., for a
combined $110 million from Granite Broadcasting Corp. (GRRP).
A treatment for a diabetic eye condition improved vision during
a Phase 3 trial, Regeneron Pharmaceuticals Inc. (REGN) and Bayer
HealthCare said Monday.
SunEdison Inc. (SUNE) said Monday it will move its semiconductor
crystal operations out of the U.S. and close its polysilicon
manufacturing facility in Merano, Italy, which will affect more
than 300 employees.
Write to Lauren Pollock at lauren.pollock@wsj.com
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