Among the companies with shares expected to actively trade in
Monday's session are Suntech Power Holdings Co. Ltd. (STP),
Entropic Communications Inc. (ENTR) and SuperMedia Inc. (SPMD).
Suntech Power Holdings Co. Ltd. (STP) said it is exploring its
strategic options and continuing to discuss restructuring plans
with debtholders and other lenders after the Chinese solar-panel
maker received notice that it is in default on some of its
convertible notes. Shares jumped 4.3% to 73 cents in premarket
trade.
Entropic Communications Inc. (ENTR) expects first-quarter
results below its prior expectations, as the chip maker said its
set-top-box revenue was hit during the quarter. Shares fell 4.1% to
$4.46 in recent premarket trading.
Yellow-page companies Dex One Corp. (DEXO) and SuperMedia Inc.
(SPMD) have both voluntarily filed for Chapter 11 bankruptcy
protection as part of their previously announced all-stock merger
deal. SuperMedia shares plunged 26% to $3.25 in premarket trading;
Dex shares were halted.
Quicksilver Resources Inc. (KWK) will restate its financial
results for the first three quarters of 2012, due to errors related
to its accounting for derivatives. Shares rose 1.1% to $2.80 in
light premarket trading as the restatement is expected to result in
higher profit for the past year.
Watchlist:
Anheuser-Busch InBev NV (BUD, ABI.BT) and Mexico's Grupo Modelo
SAB (GPMCY) (GMODELO.MX) said Friday they expect to resolve
antitrust issues raised by the Justice Department about the two
beer makers' proposed merger. AB InBev is seeking to acquire the
50% of Modelo it doesn't already own. With the revised deal terms,
AB InBev offered to sell an additional $2.9 billion of assets to
Constellation Brands Inc. (STZ, STZB) to rescue the proposed $20.1
billion Modelo takeover.
Boeing Co. (BA) has picked General Electric Co. (GE) as the sole
supplier of engines for its 777X twin-aisle jet, expected to launch
near the end of the decade.
Oppenheimer Holdings Inc. (OPY) has accused Canadian Imperial
Bank of Commerce (CM, CM.T) of failing to fulfill its contractual
obligations related to the sale of CIBC's U.S. capital markets
business to Oppenheimer in January 2008.
Write to Mia Lamar at mia.lamar@dowjones.com
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