Among the companies with shares expected to actively trade in
Monday's session are Archer Daniels Midland Co. (ADM), Biota
Pharmaceuticals Inc. (BOTA) and Hologic Inc. (HOLX).
Archer Daniels Midland has agreed to pay more than $36 million
to settle charges under the Foreign Corrupt Practices Act that it
failed to prevent bribes by its subsidiaries in Germany and
Ukraine, the Securities and Exchange Commission said Friday. Shares
slipped a penny to $43.35 after hours.
Biota Pharmaceuticals said one of its products was approved for
flu prevention in Japan, where it is marketed by Daiichi Sankyo Co.
Shares of Biota were up 20% at $5.10 in after-hours trading
Friday.
Activist investor Relational Investors LLC unveiled a 7.3% stake
in Hologic, saying shares of the medical-equipment maker trade at a
discount to fair value due to operational execution challenges and
over-priced acquisitions. Hologic shares were up 1.2% at $22.68 in
after-hours trading.
Watch List:
CIT Group Inc. (CIT) said it reached an agreement with former
parent Tyco International Ltd. (TYC) to settle a tax dispute.
According to a filing with the Securities and Exchange Commission,
CIT agreed to pay Tyco $60 million, which the commercial lender
said will result in a fourth-quarter charge against earnings of $45
million net of reserves.
PS Business Parks Inc. (PSB) said Friday it had acquired an
office park in San Mateo, Calif., for $60.5 million.
Target Corp. (TGT), trying to reassure customers after a massive
data breach that compromised 40 million credit and debit card
accounts, it is offering a 10% discount to shoppers at its U.S.
stores this weekend. The discount retailer will also offer free
credit monitoring services.
Write to Michael Calia at michael.calia@wsj.com
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