Bridgepoint Education, E*Trade, Iridium: U.S. Equity Preview
Shares of the following companies may have unusual moves in U.S. trading on July 25. Stock symbols are in parentheses.
Boeing Co. (BA) : The world’s second-largest commercial- plane maker said it expects its 787 Dreamliner certification by September.
Bridgepoint Education Inc. (BPI) : The for-profit provider of college classes said in a filing with the U.S. Securities and Exchange Commission that stockholder Warburg Pincus plans to resell 34.6 million shares.
E*Trade Financial Corp. (ETFC US): The online brokerage plans to hire Morgan Stanley (MS) to explore a sale after its largest shareholder, Citadel LLC, said the company needed to take action to reverse “catastrophic losses” for investors.
Iridium Communications Inc. (IRDM) : Whitney Tilson’s T2 Partners disclosed a 10 percent stake in the satellite-services provider, and said it plans to pursue talks with management about capital structure, according to a filing with the SEC. T2 Partners now now holds about 7.04 million shares, up from its previous 6.9 million.
Legacy Reserves (LGCY US): The Midland, Texas-based oil company boosted its quarterly dividend by one cent to 54 cents a unit. That compares with the 53.5 cent Bloomberg estimate.
Loews Corp. (L) : The holding company’s chief executive officer, James Tisch, told CNBC that he doesn’t see any M&A opportunities ‘right now.’
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