Among the companies with shares expected to actively trade in
Thursday's session are E*Trade Financial Corp. (ETFC), Vera Bradley
Inc. (VRA) and Men's Wearhouse Inc. (MW).
E*Trade said its largest shareholder, Citadel LLC, which twice
helped rescue the online brokerage and later pushed it to pursue a
sale, is selling its entire 9.6% stake in the company, exiting an
investment it made at the height of E*Trade's mortgage woes over
five years ago. Shares slipped 4.9% to $11.24 after hours.
Vera Bradley's fiscal fourth-quarter earnings rose 25% as the
handbag designer's revenue strengthened, and as the latest period
had an additional week compared with the year-ago quarter. Shares
were down 3.7% to $23.98 after hours as the company gave downbeat
guidance for the current quarter and earnings projections for the
full-year mostly below analyst expectations.
Men's Wearhouse's fiscal fourth-quarter loss narrowed as revenue
at the apparel retailer improved. Shares rose 13% to $32.95 after
hours Wednesday as the company also said it is considering
strategic alternatives for its K&G business.
Anadigics Inc. (ANAD) is offering to sell an undisclosed number
of shares. The company, which makes power amplifiers and other
radio-frequency components, intends to use the proceeds for working
capital and other general purposes. Shares fell 5% to $2.10 in
after-hours trading.
Delcath Systems Inc. (DCTH) plans to offer as much as $50
million of its stock, using Cowen and Co. as its sales agent. The
medical-device recently had a market capitalization of around $147
million. Shares fell 9.4% to $1.74 in after-hours trading.
SS&C Technologies Holdings Inc. (SSNC) said its two biggest
shareholders will offer 7.75 million shares. The company recently
had around 78.9 million shares outstanding, according to FactSet.
Shares fell 4.5% to $26.50 in after-hours trading.
Christopher & Banks Corp.'s (CBK) fiscal fourth-quarter loss
narrowed as the women's clothing retailer benefited from fewer
charges and as sales rose. Shares climbed 5% to $6.90 after
hours.
Corporate Office Properties Trust (OFC) lowered its full-year
and first-quarter guidance to account for losses incurred from the
early repayment of debt. Shares slipped 2.1% to $26.68 after hours
as the real-estate investment trust also unveiled a 3.9 million
share offering. The offering priced at $27.25 apiece, matching
Corporate Office's Wednesday closing price.
Watchlist:
Land manager Alico Inc. (ALCO) has engaged Deutsche Bank
Securities Inc. to give it financial advice as it considers a
potential sale of the company, among other strategic options.
Avon Products Inc. (AVP) said it has completed refinancing
activities and has entered into a $1 billion four-year unsecured
revolving credit agreement, helping the door-to-door cosmetics
vendor improve its balance sheet.
Cerus Corp. (CERS) plans to offer an undisclosed number of
shares, as it raises funds for clinical development of its
Intercept system, which is intended to improve the safety of
donated blood.
Coldwater Creek Inc.'s (CWTR) fourth-quarter loss widened as the
retailer reported charges tied to a leadership transition, lower
sales and weaker margins.
Hot Topic Inc.'s (HOTT) fiscal fourth-quarter earnings climbed
35% as the teen-apparel retailer reported stronger sales at both
its namesake and Torrid divisions, as well as improved margins.
In the final days of a bitterly fought proxy campaign, SandRidge
Energy Inc. (SD), the company reached an agreement Wednesday that
gives a dissident investor at least four seats on its board and
orders an independent review of land deals by Chairman and Chief
Executive Tom Ward.
Sigma Designs Inc.'s (SIGM) fiscal fourth-quarter loss widened
despite higher revenue at the chip manufacturer, as restructuring
and cost-reduction expenses hurt its bottom line.
Sucampo Pharmaceuticals Inc.'s (SCMP) fourth-quarter earnings
soared as the drug manufacturer pharmaceutical company received a
$15 million milestone payment from Abbott Japan Co. for the sale of
its drug to treat constipation.
Target Corp. (TGT) launched cash tender offers for up to $1.2
billion in several series of notes, as the retail giant seeks to
refinance its debt.
An offering of 8.5 million U.S. Silica Holdings Inc. (SLCA)
shares sold by GGC USS Holdings LLC priced at a 3.5% discount to
the company's Wednesday closing price.
Moody's Investors Service has put VeriFone Systems Inc. (PAY) on
review for a potential downgrade in the wake of a leadership
shake-up that followed missteps by the maker of card-payment
systems.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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