After Hours Summary: BUD +7.1% (confirms receipt of unsolicited proposal from InBev for $65/share in cash)

Wednesday, June 11, 2008

Companies trading higher in after hours in reaction to earnings: CYBX +11.7%; OCCF +10.5%; CASY +4.4%; ENS +3.5%; SEH +3.4%... Companies trading down in reaction to earnings: EGR -24.8%; NDN -8.8%... Companies trading higher in after hours in reaction to news: BUD +7.1% (confirms receipt of unsolicited proposal from InBev for $65/share in cash); XJT +5.2% (reports May 2008 performance; May load factor was 80.8%); CLNE +2.7% (Co and General Motors working to expand hydrogen fueling infrastructure); ENCO +1.8% (announces signing of letter of intent to combine with Linkcon); CCOI +1.7% (announces that its board of directors has authorized the co to repurchase up to an additional $50 mln of its shares of common stock); FLOW +1.6% (signs new long-term senior credit agreement); SQNM +1.3% (RA Capital Mgmt discloses 12.0% stake in 13G filing); LWAY +1.3% (switches to 100% certified hormone free milk); AA +1.2% (undertaking 'strategic maintenance' to reduce energy use, says Alumina plants in Australia at reduced capacity -- Bloomberg); CIB +1.1% (announces unconsolidated net income of Ps 75.5 bln for the month of May 2008); CCJ +0.9% (reaches agreement on uranium deal); UTUX +0.5% (Board authorizes repurchase program for 60 mln shares)... Companies trading lower in reaction to news: PWER -12.7% (announces a $75 mln convertible notes private offering); NCMI -7.9% (guides Q2 revs to $83-86 mln vs $90.98 mln First Call consensus); TOO -5.6% (announces public offering of 7 mln common units); WBS -1.1% (strengthens its capital position, selling $225 mln of convertible preferred stock); QGEN -0.9% (Files Appeal in Patent Case).