Constellation Energy Group(CEG) and FPL Group (GRP) (FPL), the parent of Florida Power & Light, are in advanced talks to buy Constellation Energy Group for more than $11 billion, according to the New York Times.
Anteon International (ANT) agreed to be acquired by General Dynamics in a deal valued at about $2.2 billion, including $100 million debt assumption, for $55.50 per share in cash.
Boeing (BA) Qantas selected the Boeing 787 Dreamliner, and plans to buy up to 115 787s for the renewal and expansion of its long-haul fleet.
ADC Telecommunications (ADCT) posted a penny vs. 47 cents fourth quarter earnings per share as higher costs and expenses offset a 14% revenue rise. It sees $1.275 billion to $1.350 billion to fiscal year 2006 sales, and 62 cents to 86 cents GAAP EPS from continuing operations (including charges.)
Guidant (GDT) the Food and Drug Administration received several new reports about patient deaths associated with short circuits in heart devices made by the company, according to the New York Times.
Honeywell (HON) sees $2.35 to $2.50 2006 earnings per share (including stock option expense) on about $30 billion sales.
Digi International (DGII) sees lower-than-expected 7 cents to 12 cents first quarter earnings per share, excluding stock-based compensation expense, on revenue of $31.5 million to $34 million. It cites softness in North American channel sales and weak new product sales.
Southwestern Energy Company (SWN) expects 2006 operating income of about $310 million to $315 million, or earnings before interest taxes depreciation and amortization, or EBITDA of $440 million to $450 million. It announced a planned capital investment program for 2006 of $830.1 million, a 66% increase over $499.5 million currently forecasted for 2005.
Cablevision Systems (CVC)'s CSC Holdings unit plans an offering of $1.0 billion of senior notes. It proceeds to refinance an existing credit facility and make a distribution to Cablevision, which would use it to pay stockholders a special dividend, if one declared by the board.
Mobile Mini (MINI) sees $2.32 to $2.42 2006 EPS (pro forma), excluding about 12 cents after tax to reflect the impact of SFAS 123.
Six Flags (PKS) named Mark Shapiro as president and CEO, effective immediately.
Baidu.com (BIDU) says Goldman Sachs and CSFB have decided to release up to 3 million outstanding ordinary shares of Baidu.com from a lock-up restriction effective Dec. 19.
Southwestern Energy (SWN) expects 2006 operating income of about $310 million to $315 million, or earnings before interest taxes depreciation and amortization of $440 million to $450 million. The company announced a planned capital investment program for 2006 of $830.1 million, a 66% increase over $499.5 million currently forecasted for 2005.
W D-40 (WDFC) announced a four-year compounded annual sales growth target of 7.6% to 9.3%, and a net income compounded annual growth rate of 9.8% to 12.1%.
Discovery Laboratories (DSCO) plans to sell 3 million shares at $6.60 per share.
Cerner (CERN) The Wall Street Journal reported that the company's growth has been healthy, but its accounting could be ailing.
Nordson (NDSN) posted 80 cents vs. 66 cents fourth quarter earnings per share on a 5% sales rise.