Among the companies with shares expected to actively trade in Monday's session are Visa Inc. (V), MasterCard Inc. (MA) and Par Pharmaceutical Cos. (PRX).
Merchants reached a $7.25 billion settlement with Visa Inc. (V), MasterCard Inc. (MA) and several large banks in long-standing antitrust lawsuits brought by hundreds of merchants over credit-card processing fees. The deal potentially puts to rest a lengthy legal battle that has raged on for seven years and been an overhang on Visa's and MasterCard's shares. Visa shares were last up 3.5% to $128.40 premarket while MasterCard's shares were up 3.1% to $443.
Par Pharmaceutical Cos. (PRX) agreed to be taken private by investment firm Tarrant Capital for $1.84 billion in cash. Under the pact disclosed Monday, Par has 40 days to seek other proposals. Shares were last up 36% to $49.92 in premarket trade, nearing the $50-a-share offer price.
Alnylam Pharmaceuticals Inc. (ALNY) said a Phase 1 study demonstrated progress for its genetic-disorder treatment ALN-TTR02. Shares jumped 7.8% to $13.50 premarket.
Analysts at BMO cut their recommendations on Arch Coal Inc. (ACI) and Alpha Natural Resources Inc. (ANR), citing weak margins and balance sheets for the energy names. Expected mine closures in Appalachia could exacerbate financing issues for the companies, BMO adds. After a "long, hard look at the sector," the firm decides Cloud Peak Energy Inc. (CLD) and Canada's Teck Resources Ltd. (TCK TCK.A.T) are relatively better positioned. Shares of Arch Coal slumped 5.5% to $5.80 premarket while Alpha Natural lost 6.2% to $7.16.
Exchange operator CME Group Inc. (CME) said its current system of customer protection is inadequate after two major futures brokers failed in less than a year.
Duke Energy Corp. (DUK) named Keith Trent, who most recently led Duke's commercial business, as the new head of its regulated utilities business, following the resignation of John McArthur earlier this week.
Forest Laboratories Inc.'s (FRX) board sent a letter to the drug maker's shareholders criticizing billionaire investor Carl Icahn's slate of four board candidates, the latest in a back-and-forth between the company and the activist shareholder.
J.C. Penney Co. (JCP) was dealt another setback Friday when a judge granted a preliminary injunction to Macy's Inc. (M) in its case against Martha Stewart Living Omnimedia Inc. (MSO).
United Parcel Service Inc. (UPS) said its proposed acquisition of TNT Express N.V. (TNTE.AE, TNTEY) is expected to close in the fourth quarter as European Union regulatory authorities need more time to analyze certain areas of the deal.
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