After Hours Summary: SCTY +23%, TSLA -11% following proposal by TSLA to acquire SCTYAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: KBH +3.2%
Companies trading higher in after hours in reaction to news: SCTY +23.2% (Tesla (TSLA) makes offer to acquire SolarCity in exchange for Tesla common shares (proposal represents a value of $26.50 to $28.50 per share), PWE +4.2% (announces Competition Act Clearance to complete sale of Saskatchewan assets; expects to be fully in compliance with all of financial covenants at the end of Q2 and the remainder of 2016)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ADBE -4.1%, HPQ -3.8%
Companies trading lower in after hours in reaction to news: TSLA -11.2% (On SolarCity (SCTY) proposal), UAM -4.2% (to offer up to $100 mln principal amount of Convertible Senior Notes due 2021 through a private offering), QEP -3.2% (commences 20 mln common share public offering), COT -3.1% (prices public common share offering on a bought deal basis)