LLY Eli Lilly and Co

   By Justina Vasquez 
 

Among the companies with shares expected to trade actively in Monday's session are WebMD Health Corp. (WBMD), Hasbro Inc. (HAS) and Nektar Therapeutics (NKTR).

KKR & Co. has reached a deal to buy WebMD for $2.8 billion, after running an auction and publicly putting itself in play earlier this year. WebMD's shares rose 20% to $66.10 in premarket trading.

Hasbro earnings were in line with expectations, but were shadowed by the company's overvaluation, leaving little room for top line improvement. Shares fell nearly 5% to $66.10 ahead of market-open.

Nektar Therapeutics shares rose on news of a drug-development deal with Eli Lilly & Co. (LLY) worth $150 million. Shares are up 5.67% to $23.50 premarket.

Hibbett Sports (HIBB) is entering the e-commerce business, despite being up against strong sporting-goods competition in the revenue channel, including a recently Nike Inc. (NKE) deal with Amazon.com Inc.(AMZN) Hibbett also said it expects to swing to a second-quarter loss and reported a 10% decline in same-store sales. Shares fell 21% to $15.55 before market-open.

Write to Justina Vasquez at justina.vasquez@wsj.com

(END) Dow Jones Newswires

July 24, 2017 09:42 ET (13:42 GMT)

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