After Hours Summary: ADBE +6% following earnings; CPGX +5.3%, TRP -4.1% following merger newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SCVL +7.1%, ADBE +6.2%
Companies trading higher in after hours in reaction to news: AERI +8.2% (Based on the Rhopressa QD safety and efficacy data reviewed by the Company to date the Company believes that product candidate RhopressaTM QD continues to have significant potential), CPGX +5.3% (to be acquired by TransCanada (TRP) for $25.50/share in cash, or ~$13 bln), GVP +4.1% (increases backlog by 60% with new contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ARO -47.9% (also announces exploration of strategic alternatives)
Companies trading lower in after hours in reaction to news: CBAY -12.9% (releases top line results from Phase 2 trial of MBX-8025), TRP -4.1% (To acquire Columbia Pipeline (CPGX) for $25.50/share in cash, or ~$13 bln), PBA -3.2% (to acquire sour natural gas processing assets from Paramount Resources (PRMRF) for ~C$556 mln)