Among the companies with shares expected to actively trade in
Tuesday's session are Thor Industries Inc. (THO), Equity
Residential (EQR) and Dollar General Corp. (DG).
Thor's fiscal first-quarter profit rose 39% as the company
reported a double-digit sales gain in its recreational vehicle
business. However, shares fell 6.8% to $40.65 after hours as
earnings missed analysts' expectations.
Equity Residential and AvalonBay Communities Inc. (AVB) are
acquiring Archstone Enterprise LP, a portfolio of apartment
properties, from Lehman Brothers Holdings Inc. for a total of
around $6.5 billion in cash and stock. Equity Residential plans to
issue 34.5 million shares to help fund the deal, while AvalonBay
said it plans to offer 14.5 million shares. Equity Residential
shares were off 2.6% to $53 after hours, while AvalonBay shares
slipped 1.5% to $127 after hours.
Standard & Poor's said it will add discount chain Dollar
General to its S&P 500 index, replacing Cooper Industries PLC
(CBE), after Eaton Corp. (ETN) completes its acquisition of the
electrical products maker. Dollar General shares were up 2.6% to
$50.60 after hours.
Dillard's Inc. (DDS) said it will pay a one-time dividend of $5,
as the department store operator became latest in a string of
companies to boost shareholder returns before year's end. Shares
rose 3.5% to $88.87 after hours.
Full Circle Capital Corp. (FULL) has launched an offering of
1.35 million shares. The loan financing provider recently had
around 6.2 million shares outstanding. Shares fell 3.7%, to $7.82
in after-hours trading.
Las Vegas Sands Corp.'s (LVS) board has approved a special
dividend of $2.75 a share, as the casino operator looks to boost
shareholder returns. Shares climbed 5% to $46.21 after hours.
Watchlist:
Children's Place Retail Stores Inc. (PLCE) said Chief Financial
Officer Steven Baginski is leaving after less than a year in the
post to pursue other interests and will be succeeded by retail
veteran Michael Scarpa next month.
Clean Harbors Inc. (CLH) said it is offering 6 million shares,
intending to use the proceeds to help finance a planned
acquisition. The company had around 53.4 million shares outstanding
as of Sept. 30. The provider of environmental, energy and
industrial services also said Monday that it plans to offer $550
million in senior notes due 2021.
Merit Medical Systems Inc. (MMSI) agreed to acquire Thomas
Medical Products Inc., which is part of General Electric Co.'s (GE)
health-care business, for roughly $167 million.
Nexstar Broadcasting Group Inc. (NXST) said stockholders
affiliated with ABRY Partners LLC intend to offer 8 million shares.
The media company won't receive any proceeds from the sale. ABRY
Partners recently owned around 57% of the company's roughly 29
million shares outstanding as of Oct. 31.
Shanda Games Ltd.'s (GAME) fiscal second-quarter profit fell 26%
as the Chinese game developer introduced updates with free content,
and its revenue fell.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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