were among the Nasdaq's biggest winners Tuesday, jumping 11% after the maker of retreading materials agreed to be acquired by
for about $1.05 billion in cash.
The deal values Bandag at $50.75 a share, a 13% premium over Monday's closing price of $45.04. The acquisition is expected to close late in the first quarter or early in the second quarter of 2007. Shares of Bandag were trading at $50.44, up $5.40.
(KR - Get Report)
climbed 7% after the supermarket operator's third-quarter earnings topped forecasts. The company earned $214.7 million, or 30 cents a share, on revenue of $14.7 billion. Analysts surveyed by Thomson First Call expected earnings of 28 cents a share and revenue of $14.86 billion. During the year-earlier quarter, the company earned $185.4 million, or 25 cents a share, on revenue of $14.02 billion.
Looking ahead, Kroger now sees 2006 earnings growth of 8% to 10%, up from an earlier forecast of 6% to 8% growth. Shares were trading at $23.80, up $1.47.
World Wrestling Entertainment
(WWE - Get Report)
rose 3% after the professional wrestling producer reported better-than-expected second-quarter results. For the quarter ended Oct. 27, the company earned $10.4 million, or 15 cents a share, on revenue of $96.2 million. Analysts, on average, anticipated earnings of 13 cents a share and revenue of $90 million. During the year-earlier period, the company earned $11.7 million, or 17 cents a share, on revenue of $88.9 million. Shares were trading up 51 cents to $16.65.