Northrop Grumman, Orbital ATK, Scorpio Tankers and Neos Therapeutics - AFTER HOURS
With US stocks seen higher, several stocks are in play in pre-market deals, including Northrop Grumman Corp (NYSE:NOC) and aerospace manufacturer Orbital ATK Inc (NYSE:OA).
It was reported Northrop is nearing a deal to buy the rival firm Orbital ATK (NYSE:OA) in a deal valued at around $7.5bn.
Scoop: Northrop Grumman is nearing a deal to buy Orbital ATK for more than $7.5B. https://t.co/uMu17nh66E $OA $NOC
— Dana Mattioli (@DanaMattioli) 17 September 2017
The transaction that could be announced as soon as Monday, according to one person , said to be familiar with proceedings.
Orbital shares surged over 19% to $131.51 after hours.
Elsewhere,Neos Therapeutics Inc ( NASDAQ: NEOS) shares shed 4.35% to $8.80 after hours as it reported that it had received the key FDA approval for Adzenys ER. Shares closed 2.22% higher on Friday.
Also ion focus on Monday, Steelcase Inc (NYSE:SCS) shares added 1.79% on Friday ahead of today, where it is expected to post quarterly earnings of $0.23 per share on revenue of $759.83 million after the closing New York bell.
Meanwhile, Scorpio Tankers Inc (NYSE: STNG) shares lost 2,.23% on Friday . It is expected today to post a quarterly loss at $0.06 per share on revenue of $132.35 million before the opening bell.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/184142/northrop-grumman-orbital-atk-scorpio-tankers-and-neos-therapeutics-after-hours-184142.html
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