Among the companies with shares expected to actively trade in
Monday's session are Dick's Sporting Goods Inc. (DKS), Simcere
Pharmaceutical Group (SCR) and Genworth Financial Inc.(GNW).
Dick's Sporting Goods' fourth-quarter earnings per-share just
ticked the low end of the company's underwhelming view while sales
missed analysts' estimates and the sporting-goods retailer's
forecasts for both this quarter and the year trailed consensus. The
company also reported a 2.2% drop in same-store sales at its
namesake stores last quarter as there had to be big markdowns of
cold-weather gear. Shares fell 7.5% to $46.82 premarket.
Simcere Pharmaceutical said a group, including Chairman Jinsheng
Ren, has offered to take the company private in an all-cash deal
that values the China-based drugmaker at roughly $528 million. The
company said Mr. Ren, New Good Management Ltd., Assure Ahead
Investments Ltd. and its affiliates have offered to pay $9.56 per
American depositary share, a 20% premium to Friday's $7.96 close.
ADSs rose 16% to $9.25 premarket.
An article in Barron's noted that things are getting better for
Genworth Financial shareholders, with the arrival of Thomas
McInerney as chief executive in January. Investors think shares,
which still sell for less than half of book value, could be worth
as much as $18 or more. Plus, the resurgent U.S. mortgage market
offers Genworth its best chance to grow. Shares rose 10.5% to
$10.87 premarket.
Canadian Solar Inc.'s (CSIQ) fourth-quarter loss widened as
fewer solar module shipments hampered the solar company's top line.
Shares fell 3.5% to $3.60 premarket.
Elan Corp. (ELN) said it will pay as much as $13 a share--or a
premium of 13% from Friday's closing price of its American
depositary shares--to buy back stock in a plan intended to reward
stockholders who remain invested in the Irish biotechnology company
following the sale of its multiple sclerosis drug. Elan's American
depositary shares rose 4.6% to $11.99 premarket.
Real-estate investment trust CYS Investments Inc. (CYS) has cut
its quarterly dividend by 20%. The company will pay a dividend of
32 cents for the first quarter of 2013, down from its
previous-quarter payout of 40 cents. Shares slipped 1.7% to $11.80
premarket.
Watchlist:
Dell Inc. (DELL) moved to reassure employees about the computer
maker's planned $24.4 billion leveraged buyout by founder Michael
Dell, telling them in an internal note that uncertainty and
speculation related to the deal "is all part of the process being
led by our board of directors."
Standard & Poor's Ratings Services upgraded its ratings on
Kansas City Southern (KSU) to investment grade, noting the regional
railroad company's improving operating efficiency, disciplined debt
reduction and lower interest expense.
Renren Inc. (RENN) swung to a fourth-quarter loss as increased
costs to launch games outpaced the Chinese social-networking
company's stronger-than-expected revenue growth. The company also
forecast current-quarter revenue below analysts' estimates.
Trulia Inc. (TRLA) and its stockholders plan to offer 5.25
million shares with estimated proceeds of about $164.3 million, an
offering that comes as its shares have soared from their September
debut. The real-estate listing service plans to offer about 3.5
million shares, and plans to use the roughly $100.3 million in
proceeds to fund working capital and other general corporate
purposes, along with acquisitions or investments.
Write to Anna Prior at anna.prior@dowjones.com
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