After Hours Summary: QLGC +13% following news of acquisition by CAVM -8%; EVHC -7% on news of merger with AMSG +1%After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NUS +3.5%
Companies trading higher in after hours in reaction to news: QLGC +12.9% (to be acquired by Cavium (CAVM -7.8%) for ~$15.50/share ($11.00/share in cash & 0.098 in stock)), RLYP +4.7% (announces that in May 1,385 new patients started taking Veltassa with a free starter supply, 1,230 outpatient prescriptions were covered by payers and dispensed, and 277 units were sold to hospitals and other institutions), DVN+1.5% (PXD to acquire ~28K Midland Basin Acres for $435 mln from DVN), AMSG +1.3% (AmSurg and Envision Healthcare Holdings (EVHC -7.3%) confirm plans to merge in a $10 bln deal)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: KFY -2.2%, JBL -2.2%
Companies trading lower in after hours in reaction to news: TNXP -8.5% (to offer shares of its common stock in an underwritten public offering), HASI -4% (commences 3.85 mln common stock offering), BTX -3.8% (to sell shares of its common stock in an underwritten public offering), PXD -2.2% (to acquire ~28K Midland Basin Acres for $435 mln from DVN; commences public offering of 5.25 million shares of its common stock)