Shares of the following companies may have unusual moves in U.S. trading tomorrow.
CBL & Associates Properties Inc. (CBL) : The real estate investment trust that owns shopping centers boosted its quarterly dividend by 1 cent to 22 cents a share.
Darling International (DAR) : The meat- and bone-meal processor may gain as much as 25 percent after its acquisition of Griffin Industries for $ 872 million boosts sales and profit, Barron’s reported in its “The Trader” column.
FairPoint Communications Inc. (FRP) (FRP US): Standard & Poor’s revised its outlook on the Charlotte, North Carolina-based communications-services provider to negative from stable, saying its earnings before interest, taxes, depreciation and amortization margin is low compared with peers. The negative outlook means S&P may cut the company’s B credit rating.
Hitachi (HIT) : The U.S.-traded shares of the Japanese electronics maker are poised to rise as it sells less profitable assets and boosts earnings on telecommunications, rail systems and power grids, Barron’s reported.
Territorial Bancorp (TBNK) and ViewPoint Financial Group (VPFG) : These regional banks may advance as their simple business models and low risk attract takeover bids, Barron’s reported in its “The Trader” column, citing Mark Zahorik of Keeley Asset Management in Chicago.
United Stationers Inc. (USTR) : The board of the Deerfield, Illinois-based distributor of business products approved the repurchase of an additional $ 100 million of its shares.
To contact the editor responsible for this story: Nick Baker at [email protected].