After Hours Summary: BX inks deal to manage portion of AIG life insurance policies, also buys stake in AIG’s life-insurance and retirement-services unit; there were also two regional bank mergersAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ETWO +2.8%
Companies trading higher in after hours in reaction to news: LPCN +10.9% (enters into settlement and license agreement with Clarus Therapeutics to resolve all outstanding IP claims), RBNC +8.2% (UCBI announces merger agreement with RBNC), AIG +6.9% (AIG to sell 9.9% equity stake in Life & Retirement business to BX for $2.2 bln in cash; also agrees to sell certain affordable housing assets to BREIT for $5.1 bln), PSN +4.8% (awarded $2.2 bln Missile Defense Agency contract), BX +3.8% (AIG to sell 9.9% equity stake in Life & Retirement business to BX for $2.2 bln in cash; also agrees to sell certain affordable housing assets to BREIT for $5.1 bln), SANA +3.3% (enters into lease agreement to develop manufacturing facility), CE +1.6% (approves new $1 bln share repurchase program, or 6% of shares outstanding), INCY +1.4% (announces publication of Phase 3 REACH3 data in NEJM), HAL +0.3% (awarded contract in Oman), MD +0.1% (CVS Aetna voluntarily dismisses litigation against MD)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None
Companies trading lower in after hours in reaction to news: IMUX -10.8% (stock offering), NLOK -3.1% (Avast in advanced discussions regarding a possible merger with NLOK), GLPG -2% (reports top-line results for SIK2/3 inhibitor GLPG3970; also reports top-line results for GLPG3667 in Phase 1b psoriasis study), OCX -1.4% (stock offering), TARO -0.8% (CFO resigns), BRBS -0.5% (BRBS to merge with FVCB in all-stock merger of equals; BRBS also increases dividend), IEP -0.5% (files for $1.2 bln mixed securities shelf offering), ROST -0.1% (CFO resigns to accept position at another company), R -0.1% (increases dividend)