Among the companies with shares expected to actively trade in
Monday's session are Stec Inc. (STEC), Vanguard Health Systems Inc.
(VHS) and Keynote Systems Inc. (KEYN).
Western Digital Corp. (WDC) agreed to acquire Stec for $340
million in cash as it looks to expand its presence in the
enterprise solid-state drive market. Disk-drive maker Western
Digital said the deal equates to $6.85 for each Stec share,
representing a 91% premium to Friday's closing price. Stec shares
rose 87% to $6.70 premarket.
Tenet Healthcare Corp. (THC) agreed to acquire acute-care and
specialty-hospital operator Vanguard Health Systems for roughly
$1.63 billion in an effort to diversify its service offerings.
Tenet said it will pay $21 in cash per Vanguard share, a 70%
premium to Vanguard's Friday close. Vanguard shares jumped 67% to
$20.61 premarket. Tenet shares rose 5.7% to $44.25.
Keynote Systems agreed to go private in a roughly $395 million
deal with the private-equity firm Thoma Bravo LLC. The company said
it will receive $20 a share in cash, a 48% premium to Friday's
close. Shares rose 47% to $19.88 premarket.
Watchlist:
American International Group Inc.'s (AIG) aircraft-leasing unit
filed updated initial public offering documents Friday, following
an extension earlier this week of a deadline for a Chinese
consortium to get regulatory approvals to purchase the unit.
Facebook Inc. (FB) disclosed a security lapse on Friday that
exposed the contact information of about six million users. The
company says the issue has been resolved. The bug made users'
contact information, such as email addresses and phone numbers,
accessible to other Facebook members who already had either a
friend connection or some other contact information about that
user.
Flagstar Bancorp Inc. (FBC) has agreed to pay Assured Guaranty
Municipal Corp. $105 million in connection with a pending lawsuit
involving loans that Assured insures.
Gray Television Inc. (GTN, GTN.A) said President and Chief
Operating Officer Robert S. Prather Jr. has resigned, effective
immediately, but didn't disclose a reason. The television
broadcaster also said it gave Chief Executive Hilton H. Howell Jr.
the added title of president.
NRG Energy Inc. (NRG) has raised its guidance for 2014, citing
increased synergies arising from last year's acquisition of rival
GenOn Energy Inc. The company also said the raise stems from an
updated outlook on forward commodity prices, competitive markets,
and the impact of what it called mild weather seen so far this
year.
The U.S. Food and Drug Administration has expanded the approved
use of Theravance Inc.'s (THRX) antibiotic, Vibativ, to treat adult
patients with pneumonia caused by a certain type of bacteria.
Worthington Industries Inc. (WOR) on Friday said it will close
its BernzOmatic hand-torch manufacturing operation in Medina, N.Y.,
and consolidate it with an existing facility in Chilton, Wis.
Write to Anna Prior at anna.prior@dowjones.com
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