Among the companies with shares expected to actively trade in
Friday's session are FireEye Inc. (FEYE) and Groupon Inc.
(GRPN).
FireEye said Thursday it is paying nearly $1 billion to buy
closely held Mandiant Corp., a computer security firm known for
outing Chinese hackers. Shares of FireEye, a Silicon Valley maker
of security software that went public in 2013, rose 20% to $49.19
premarket.
Groupon said LivingSocial Inc. plans to sell all of its 13.8
million shares in the daily-deals website. LivingSocial received
the Groupon stock as part of the deal to sell its Korean e-commerce
firm Ticket Monster for up to $260 million in cash and stock.
Groupon shares fell 1.9% to $11.63 premarket.
Watchlist:
Genesee & Wyoming Inc. (GWR) has agreed to pay Canadian
Pacific Railway Ltd. (CP) $210 million to acquire about 660 miles
of rail operations mostly located in South Dakota and Minnesota.
The asset sale, expected to close in the middle of the year, will
result in Canadian Pacific taking an estimated $240 million write
down, which will be included in the company's upcoming
fourth-quarter results.
Landec Corp.'s (LNDC) fiscal second-quarter earnings fell 61% as
unfavorable weather conditions resulted in severe produce shortages
that pressured margins, offsetting continuing revenue growth in the
food-packaging company's vegetable business.
Lindsay Corp.'s (LNN) fiscal first-quarter earnings dropped 31%
and missed expectations as its domestic irrigation business
weakened significantly.
Resources Connection Inc.'s (RECN) fiscal second-quarter profit
rose 21% on higher revenue in the U.S. and wider gross margins due
to lower healthcare costs and payroll taxes. The outsourcing and
advisory firm's results exceeded Wall Street's expectations.
Write to Anna Prior at anna.prior@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires