Among the companies with shares expected to actively trade in
Tuesday's session are Tower Group International Ltd. (TWGP), Jamba
Inc. (JMBA) and Talisman Energy Inc. (TLM, TLM.T).
Tower Group, which has struggled as it has paid out insurance
claims from superstorm Sandy, said it is reviewing an array of
strategic options with J.P. Morgan Securities LLC, its lead
financial advisor. Shares of the company were down 22% to $5.79 in
after-hours trading.
Jamba lowered its outlook for several key metrics for the fiscal
year, as the smoothie company faced a slowdown in consumer
spending, adverse weather in key markets and increased competition.
Shares dropped 8% to $12.39 after hours.
Carl Icahn has acquired a nearly 6% stake in oil and gas
producer Talisman Energy, a move the activist investor said may
lead to conversations with management about board seats and
strategic alternatives. The news sent shares of the Calgary,
Alberta, company up 8.6% to $13.85 in after-hours trading.
Watch List:
SolarWinds Inc. (SWI) agreed to pay $103 million to acquire
privately held Confio Software, a deal the information-technology
management software firm said will help bolster its product
portfolio.
United Continental Holdings Inc. (UAL) reported slightly higher
passenger traffic in September, the first monthly increase the
airline has reported from year-ago levels since January.
Wendy's Co. (WEN) disclosed the sale of all of the fast-food
chain's company-owned stores in the Seattle market, unloading the
restaurants to long-time franchisee Cedar Enterprises Inc. The deal
is part of a plan announced earlier this year to sell about 425
company-operated restaurants to franchisees.
Write to John Kell at john.kell@wsj.com
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