After-Hours Movers 12/27: (IEP) (NYT) (AIG) Higher; (MRX) (CAVM) Lower
Medicis (NYSE: MRX) 9% LOWER; cut its Q4 EPS guidance from 63-69 cents to 51-57 cents. Sales move from $187-$200 million to $170-$183 million. Sees FY12 sales growth over 10 percent. Click here to see the full report.
Cavium (Nasdaq: CAVM) 5.6% LOWER; now sees Q4 sales $56-$57 million, which compares to the Street estimate of $61.6 million.
Icahn Enterprises L.P. (Nasdaq: IEP) 3.1% HIGHER; announced today that it has set the pricing terms for its previously announced rights offering. Pursuant to the rights offering, Icahn Enterprises will distribute transferable subscription rights pro rata to the holders of record of its depositary units as of the close of business on December 27, 2011, the record date. Icahn Enterprises' depositary unitholders will receive 0.15881 rights for each depositary unit held as of the record date. Each whole right will entitle the holder to acquire one newly issued depositary unit of Icahn Enterprises at a subscription price of $36.7933.
The New York Times Company (NYSE: NYT) 1.8% HIGHER; has entered into an agreement to sell its Regional Media Group, consisting of 16 regional newspapers, other print publications and related businesses, to Halifax Media Holdings LLC for $143 million in cash, subject to certain adjustments.
AIG (NYSE: AIG) INDICATED HIGHER; WSJ reporting the company has won approval for a $450 million workers' compensation settlement.
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Cavium (Nasdaq: CAVM) 5.6% LOWER; now sees Q4 sales $56-$57 million, which compares to the Street estimate of $61.6 million.
Icahn Enterprises L.P. (Nasdaq: IEP) 3.1% HIGHER; announced today that it has set the pricing terms for its previously announced rights offering. Pursuant to the rights offering, Icahn Enterprises will distribute transferable subscription rights pro rata to the holders of record of its depositary units as of the close of business on December 27, 2011, the record date. Icahn Enterprises' depositary unitholders will receive 0.15881 rights for each depositary unit held as of the record date. Each whole right will entitle the holder to acquire one newly issued depositary unit of Icahn Enterprises at a subscription price of $36.7933.
The New York Times Company (NYSE: NYT) 1.8% HIGHER; has entered into an agreement to sell its Regional Media Group, consisting of 16 regional newspapers, other print publications and related businesses, to Halifax Media Holdings LLC for $143 million in cash, subject to certain adjustments.
AIG (NYSE: AIG) INDICATED HIGHER; WSJ reporting the company has won approval for a $450 million workers' compensation settlement.
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