Among the companies with shares expected to actively trade in
Monday's session are Websense Inc. (WBSN), Acquity Group Ltd. (AQ)
and JA Solar Holdings Co. (JASO).
Websense has agreed to be acquired by Vista Equity Partners.
Websense stockholders will receive $24.75 in cash for each share of
Websense common stock, a 29% premium over Friday's closing price.
Shares of Websense, which makes software and services designed to
help protect companies against cyber attacks and data theft, rose
29% to $24.71 premarket.
Accenture PLC (ACN) has agreed to purchase Acquity for about
$316 million in cash to expand the consulting company's digital
marketing services. Accenture will pay $13 for each Acquity
American depositary share, more than double the company's closing
price of $5.96 on Friday. Acquity's American depositary shares rose
sharply premarket to $12.82.
JA Solar's first-quarter loss narrowed as revenue increased for
the first time after several quarters of declines. The Chinese
solar-products maker said shipments rose 21%, topping the company's
recent projection. American depositary shares rose 13% to $6.33
premarket.
Actavis Inc. (ACT) agreed to acquire Warner Chilcott PLC (WCRX)
in a stock swap, coming 10 days after the companies confirmed they
were in early talks about a potential deal. Drug-maker Actavis said
it will swap 0.16 of a share for each Warner Chilcott share,
valuing Warner Chilcott at about $20.08 a share, a 4.5% premium to
Friday's close. Warner Chilcott shares rose 1.8% to $19.55
premarket, while Actavis shares rose 2.2% to $128.25.
XenoPort Inc. (XNPT) said a phase 3 clinical trial of arbaclofen
placarbil for the treatment of spasticity due to multiple sclerosis
was unsuccessful in demonstrating the treatment provided
statistically significant improvement relative to placebo in the
co-primary endpoints of the study. The biopharmaceutical company
decided to terminate further investment in the program. Shares fell
26% to $5.00 premarket.
U.S.-listed Chinese information technology outsourcing firm
Pactera Technology International Ltd. (PACT) said Monday a
consortium led by U.S. private equity firm Blackstone Group L.P.
(BX) has put forward a take-private bid at $7.50 a share. Pactera's
American depositary shares rose 37% to $7.20 premarket.
Watchlist:
Campbell Soup Co.'s (CPB) fiscal third-quarter earnings rose
2.3% as improved soup sales and last year's acquisition of
Bolthouse Farms helped drive the packaged-foods maker's revenue
growth. The company raised its full-year earnings estimate and now
expects revenue at the high end of its earlier growth guidance.
Dell Inc. 's (DELL) special committee sent another letter to
activist investor Carl Icahn and Southeastern Asset Management Inc.
seeking more information about their takeover proposal, reiterating
the committee can't engage in talks until determining the proposal
to be credible.
Plains Exploration & Production Co.'s (PXP) board declared a
special dividend of $3 a share, which is conditioned upon the oil
company's completed merger with Freeport-McMoRan Copper & Gold
Inc. (FCX). Plains Exploration shareholders are scheduled to vote
on the deal Monday.
QLogic Corp. (QLGC) said Simon Biddiscombe has resigned as
president and chief executive, and will be replaced on an interim
basis by Chief Financial Officer Jean Hu.
Quality Systems Inc. (QSII) board member Ahmed Hussein has
resigned, after years of publicly criticizing the leadership of the
medical-software vendor.
Yahoo Inc. (YHOO) agreed to acquire blogging startup Tumblr for
about $1.1 billion in cash, a deal that will see Tumblr continue to
operate as an independent business.
Write to Anna Prior at anna.prior@dowjones.com
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