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Tuesday's Winners & Losers: Bandag

Shares of Bandag (BDG) were among the Nasdaq's biggest winners Tuesday, jumping 11% after the maker of retreading materials agreed to be acquired by Bridgestone Americas 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.

Shares of Kroger (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.
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BDG $12.71 -1.70%
F $14.55 0.00%
GM $36.34 0.33%
HSIC $155.46 0.56%
KR $37.17 0.13%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

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