After Hours Summary: MITL +8% & PLCM +7% on Bloomberg reported merger talks; CREE -18% following reduced guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: MITL +7.7% (Bloomberg reports Co is in advanced merger talks with PLCM), PLCM +6.5% (Bloomberg reports Co is in advanced merger talks with MITL), OAS +2.2% (commences an open season for the Johnson's Corner Pipeline Project)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CREE -17.5%, WYNN -2%
Companies trading lower in after hours in reaction to news: LINE -22.9% (enters into settlement agreement with certain debt holders), DOC -4% (commences 18 mln common share offering;