NEW YORK (MarketWatch) — A spurt of acquisition announcements or talk of deals involving Wisconsin Energy Corp., Oracle Corp., and General Electric Co. may set those shares up for active trading in Monday’s session. Wisconsin Energy Corp. WEC, +2.03% said it would buy Integrys Energy Group Inc. US:TEG in a cash-and-stock purchase valued at $9.1 billion, including debt. Oracle Corp. ORCL, -0.14% shares may move after the tech company was reported to be close to a deal to buy Micros Systems Inc. US:MCRS for $5 billion. This would be the largest acquisition since Oracle bought Sun Microsystems in 2010. General Electric Co. GE, -0.14% could garner attention after French engineering group Alstom SA ALSMY, +4.41% ALO, +2.57% on Saturday officially accepted a sweetened offer for its power-equipment unit. Separately, Banco Santander SAN, -0.69% agreed to buy GE Capital’s consumer-finance business in Sweden, Denmark and Norway, the Spanish bank said in a statement on Monday. Banco Santander’s consumer-finance unit will acquire the GE Money Bank AB business for about 700 million euros ($952 million), with the deal expected to close in the second half of 2014. Harbinger Group Inc. US:HRG is preparing to make a $1.1 billion bid for Central Garden & Pet Co. CENTA, +2.23% , The Wall Street Journal reported, citing a source familiar with the matter. Harbinger, the holding company led by hedge-funder Philip Falcone, disclosed a 3.1% stake in the company earlier this month. Micron Technology MU, +1.67% is projected to report third-quarter earnings of 69 cents a share, according to a consensus survey by FactSet. “While we expect the company to deliver solid May quarter results, we look to the August quarter and beyond when the industry faces supply constraints in light of continued demand growth,” said analyst Hans Mosesmann at Raymond James Equity Research in a recent report. He also reiterate the stock’s strong buy rating and raised the price target to $40 from $30. Sonic US:SONC is expected to post earnings of 29 cents a share in the third quarter. Mild spring weather and late arrival of summer are likely to have weighed on the fast-food restaurant’s same-store sales in the quarter, according to analyst Rachael Rothman at Susquehanna International Group. CBS US:CBS, Comcast Corp. CMCSA, +1.05% and other entertainment companies are expected to be in the spotlight as investors await a Supreme Court ruling on the legality of Aereo that could come as early as Monday. Aereo provides services to allow subscribers to stream local over-the-air broadcasts to various electronic devices. Major broadcasters are arguing that Aereo violates their rights under federal copyright law. More must-reads from MarketWatch: Has the English language been reduced to ‘Yo’? Will demographics cut stock-market returns? Candid talk about insider trading from one who did it
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SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Oracle Corp., Smith & Wesson Holding Corp., and Family Dollar Stores Inc. After Thursday’s closing bell, Oracle ORCL, -0.14% said its fiscal fourth-quarter profit fell to $3.65 billion from $3.81 billion a year earlier. Per-share earnings were unchanged at 80 cents a share while adjusted earnings came in at 92 cents a share, short of 95 cents a share forecast by analysts in a FactSet survey. Revenue rose $11.3 billion from $10.95 billion. Oracle shares declined more than 6% in after-hours trading. Oracle Corp. signage is displayed outside of the company's headquarters in Redwood City, Calif. Bloomberg Smith & Wesson US:SWHC reported fiscal fourth-quarter profit of $25.1 million, or 45 cents a share, compared with $25.2 million, or 39 cents a share, a year ago. Revenue fell to $170.4 million from $178.7 million. In the current quarter, the company expects to earn between 23 cents and 25 cents a share and between $1.30 and $1.40 a share for the full year. Analysts are projecting earnings of $1.50 a share for the full year. Shares of Smith & Wesson dropped 12% in after hours. Activist investor Carl Icahn released a letter to Family Dollar Stores’ Chief Executive Howard Levine in which he noted their differences over the future of the company. Icahn, who holds a 9.4% stake in the discount retailer chain, believes the company can do more to be competitive and warned that “consolidation in this space is inevitable.” Shares of Family Dollar US:FDO rose 2.7% in after hours. More must-reads from MarketWatch: Oil’s surge might ‘tip the scale toward a correction’ – video chat highlights 10 founders booted out of their own companies Stocks’ rise to records fails to lift Wall Street forecasts
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