Among the companies with shares expected to trade in Tuesday's
session are Diamond Foods Inc. (DMND), Gulfport Energy Corp.
(GPOR), and Galena Biopharma Inc. (GALE).
Diamond Foods Inc. swung to a fiscal first-quarter loss as the
snack-food company was again hit by expenses related to the
investigation of an accounting scandal and the restatement of its
earnings. Shares were down 2.6% after hours to $13.60.
Gulfport Energy Corp. plans to acquire around $300 million in
additional oil and gas assets in the Utica Shale and is planning a
stock offering to fund the purchase. Shares were off 3.9% to $37.50
in after-hours trading.
Galena Biopharma intends to offer an undisclosed number of stock
and warrants. The pharmaceutical company intends to use proceeds to
conduct its ongoing phase 3 clinical trial for NeuVax, its phase
1/2 clinical trial for Folate Binding Protein-E39 and the planned
phase 2 clinical trial for NeuVax in combination with trastuzumab,
as well as for general corporate purposes. Shares dropped 23% after
hours to $1.44.
RAIT Financial Trust (RAS) has launched an offering of nine
million shares, planning to use the proceeds for business
investments and for general purposes. The real-estate investment
trust recently had 49.9 million shares outstanding. Shares were off
5.5% in after-hours trading to $5.65.
Watchlist:
Allstate Corp. (ALL) said its board has approved the repurchase
of as much as $1 billion of the company's shares, as it seeks to
improve shareholder returns while at the same time issuing the same
amount in subordinated debt.
The Bancorp Inc. (TBBK) has unveiled a public offering for $50
million of its stock and plans to use proceeds for general
corporate purposes, including the support of its continued and
future anticipated growth. The holding company for the Bancorp Bank
recently had a market capitalization of around $392 million,
according to FactSet.
Eli Lilly & Co.'s (LLY) board authorized a $1.5 billion
share buyback program, joining a list of companies making
shareholder friendly moves. The drug maker, which expects to
complete the buyback program during 2013, said the acquired shares
will be retired.
Liberty Global Inc. (LBTYA, LBTYB) has launched an offer of 35
euros a share, or $46.10--equating to $2.5 billion--for the shares
it doesn't already own of Telenet Group Holding NV (TLGHY,
TNET.BT), sticking with its previous bid in the face of the Belgian
cable company's own higher-valuation assessment.
SHFL Entertainment Inc.'s (SHFL) fiscal fourth-quarter earnings
rose 11% as the casino-games company continued to benefit from
growing revenue from royalties.
Solar Capital Ltd. (SLRC) has agreed to pay about $275 million
to buy Crystal Capital Financial Holdings LLC, saying it believes
the commercial finance company's business can take in attractive
returns in an uncertain market.
Spectrum Brands Holdings Inc. (SPB) said Monday the recently
completed acquisition of Stanley Black & Decker Inc.'s (SWK)
Hardware & Home Improvement Group will immediately add to the
consumer-products company's earnings.
Steel Dynamics Inc. (STLD) said it expects overall steel
shipments in the fourth quarter to be roughly flat compared with
the third quarter, saying economic and political uncertainty
continue to affect buying patterns. Still, the steel producer gave
a fourth-quarter earnings estimate that topped Street
expectations.
Stewart Enterprises Inc.'s (STEI) fiscal fourth-quarter profit
rose 5.3% as the funeral-services company reduced costs, while
sales were roughly flat.
Vitamin Shoppe Inc. (VSI) has agreed to buy the assets of Super
Supplements Inc. for about $50 million in cash, increasing the
North Bergen, N.J., nutritional-products retailer's West Coast
presence.
Walker & Dunlop Inc. (WD) said Chief Financial Officer and
Treasurer Deborah A. Wilson will leave her job after the commercial
real-estate lender's financial audit and annual financial
statements are filed to regulators for 2012.
Write to Kristin Jones at kristin.jones@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires