Among the companies with shares expected to actively trade in
Monday's session are Zoetis Inc. (ZTS) and PVR Partners LP
(PVR).
Zoetis Inc. will join the S&P 500 index, after Pfizer Inc.
(PFE) splits off its remaining 80% stake in the animal-medicine
company, and will replace First Horizon National Corp. (FHN),
S&P Dow Jones Indices said. Zoetis's shares rose 2.1% to $31.45
after hours.
PVR Partners LP filed plans to offer up to $150 million of
common units representing limited partner interests, as the company
looks to raise funds for general partnership purposes. PVR, which
owns coal and natural-resource properties as well as midstream
natural-gas gathering and processing businesses, had a recent
market capitalization of $3.19 billion, according to FactSet
Research. Units were down 1.7% to $26.76 in light after-hours
trading.
Watchlist:
ING Groep N.V. (ING, INGA.AE) agreed to sell ING Hipotecaria,
its mortgage business in Mexico, to Grupo Financiero Santander
Mexico S.A.B. de C.V. (BSMX, SANMEX.MX) for about $50 million in
cash, as part of ING's effort to divest its insurance and
investment-management businesses.
Standard & Poor's Ratings Services upgraded its rating on
Lions Gate Entertainment Corp. (LGF), citing significant
improvement in the movie studio's credit metrics since it closed
its acquisition of Summit Entertainment last year.
Knight Capital Group Inc. (KCG) and Getco LLC have reached an
agreement in principle to settle three class-action lawsuits from
Knight stockholders that challenged the proposed merger of the two
firms, Knight disclosed in a regulatory filing.
Standard & Poor's Rating Services raised the outlook for
Lockheed Martin Corp. (LMT) to stable from negative, saying it
believes the defense contractor will be able to generate
significant free-cash flow despite lower demand from the U.S.
government.
Standard & Poor's Ratings Services has placed the credit
rating for Spectra Energy Corp. (SE) on watch for downgrade after
the U.S. midstream-energy company said it would sell some assets to
its master limited partnership.
Coal producer Walter Energy Inc. (WLT) confirmed it won't
proceed with refinancing a portion of its existing debt.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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