Among the companies with shares expected to actively trade in
Thursday's session are K12 Inc. (LRN) and Pall Corp. (PLL).
K12 swung to a fiscal fourth-quarter profit as the
online-education provider again benefited from high demand for
online classes. Shares climbed 9.9% to $23.50 premarket as analysts
had expected the company to post a loss and as revenue beat Wall
Street estimates.
Pall's fiscal fourth-quarter profit fell 11% as the maker of
filtration and purification products reported heavy restructuring
charges, masking a modest improvement in sales. Shares jumped 7.3%
to $62.40 premarket on the better-than-expected results.
Biopharmaceutical developer Vical Inc.'s (VICL) shares rose 12%
to $4.22 premarket after the company said it was licensing its DNA
immunization technology to drug giant Bristol-Myers Squibb Co.
(BMY). Financial terms of the agreement weren't disclosed.
Chesapeake Lodging Trust (CHSP) is offering 5.5 million shares
as the real-estate investment trust looks to raise funds to repay
debt and for general corporate purposes. The company had 32.1
million shares outstanding as of Aug. 1. Shares slipped 2.8% to
$18.45 premarket.
Genesee & Wyoming Inc. (GWR) unveiled an offering of 3.5
million shares of its Class A common stock, which includes 233,996
shares being offered by the company's chairman and two million
tangible equity units. The company had 40.7 million Class A shares
outstanding as of July 31. Shares fell 5% to $64.56 premarket.
InContact Inc. (SAAS) intends to offer common stock, but didn't
say how many shares it would sell. The company, which provides
voice and call-management services, had about 44.5 million shares
outstanding as of July 24. Shares were down 4.4% to $4.95
premarket.
Pluristem Therapeutics Inc. (PSTI) said it plans to offer an
unspecified number of shares of common stock and warrants to
purchase common stock. The Israel drug developer had about 47.5
million shares outstanding as of Sept. 1. Shares declined 14% to
$3.91 premarket.
Watchlist:
DST Systems Inc. (DST) said Chief Executive Thomas McDonnell is
retiring at the end of the year and named Stephen Hooley, currently
the information-technology company's president and chief operating
officer, as his successor.
HollyFrontier Corp. (HFC) will pay shareholders an additional
special dividend of 50 cents a share for the third quarter, in the
refiner's latest move to reward its investors.
Nexxus Lighting Inc. (NEXS) unveiled a $6 million investment
from Aston Capital LLC and said the private-equity firm's Chairman
and Chief Executive Robert LaPenta will become Nexxus's new
chairman.
Nordion Inc. (NDZ, NDN.T) is shaking up its management team as
the medical-technology company said it is realigning its operations
into two distinct business units.
Pervasive Software Inc.'s (PVSW) board has instructed its
financial adviser to solicit and discuss potential acquisition
offers, including an unsolicited bid of $154 million made last
month by Actian Corp.
RailAmerica Inc. (RA) said carload traffic increased 2.9% in
August from a year earlier, driven in part by shipments of crude
oil and refined petroleum.
The U.S. Food and Drug Administration Wednesday approved a
Sanofi SA (SNY, SAN.FR) pill to treat multiple sclerosis, making it
the second oral therapy that will be available on the U.S.
market.
Spartech Corp.'s (SEH) fiscal third-quarter earnings fell 39% as
the company posted weaker revenue in its packaging-technologies and
color and specialty-compounding businesses. Results missed analyst
expectations.
Two Harbors Investment Corp. (TWO) cut its quarterly dividend by
10%, but the real-estate investment trust said it continues to
believe the housing and mortgage sectors offer attractive
investment opportunities.
Write to Anna Prior at anna.prior@dowjones.com
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