Among the companies with shares expected to trade actively in
Monday's session are Ferro Corp. (FOE) and Aurizon Mines Ltd. (AZK,
ARZ.T).
A. Schulman Inc. (SHLM) made public its offer to buy Ferro for
about $563 million in cash and stock, showing the
specialty-chemicals company continues to pursue a deal with its
smaller peer after previously seeing an offer rejected. Ferro
shares rose 28% to $6.65 in premarket trade, trading above A.
Schulman's offer of $6.50 a share.
Silver producer Hecla Mining Co. (HL) agreed to acquire Aurizon
Mines in a roughly C$796 million cash-and-stock deal that has the
backing of the gold-mining company's board. Aurizon shares were up
7.6% to $4.54 before the market open in New York, while Hecla
shares fell 9.1% to $4.22.
Stratasys Inc. (SSYS) reported its first quarterly results since
its $1.4 billion merger with Objet Ltd., logging fourth-quarter
earnings ahead of forecasts and predicting revenue growth for the
upcoming year that was well ahead of expectations. Shares jumped
12% to $71.70 premarket.
Kroenke Sports & Entertainment LLC has proposed to buy all
outstanding shares of sportsmen-focused cable-network operator
Outdoor Channel Holdings Inc. (OUTD) for about $226.8 million,
topping an earlier offer from another company. KSE, affiliated with
U.S. businessman Stan Kroenke, is proposing to buy the company for
$8.75 a share. Shares of Outdoor Channel jumped 14% to $8.60
premarket.
Other Stocks to Watch:
Annie's Inc. (BNNY) said certain shareholders will offer up to
3.5 million of the organic-foods company's shares. The selling
stockholders are Solera Partners LP and SCI Partners LP, which
together held 38% of Annie's shares. Annie's, which won't receive
any proceeds from the sale, had more than 17.3 million shares
outstanding as of Feb. 1.
Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) said
fourth-quarter profit rose 49% as the conglomerate's insurance
units shrugged off superstorm Sandy and its massive derivative bets
benefited from rising markets.
Hartford Financial Services Group Inc. (HIG) restated its
third-quarter 2012 results, resulting in a loss for the year
instead of a profit, due to an accounting error related to a sale
of its life-insurance operations.
The U.S. Justice Department is investigating a subsidiary of
mortgage servicer Ocwen Financial Corp. (OCN) in connection with
its participation in a mortgage-modification program, Ocwen said in
a regulatory filing Friday.
Praxair Inc. (PX) said it expects to record a charge in the
first quarter related to Venezuela's recent devaluation of its
currency, the latest U.S. company anticipating an impact from the
move.
Transocean Ltd. (RIG, RIGN.VX) swung to a fourth-quarter profit
as a large impairment charge and loss contingencies weighed on the
offshore-oil driller's year-ago results and as revenue improved in
the latest period.
Write to Mia Lamar at mia.lamar@dowjones.com.
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