Updated from 11:39 a.m. EDT
( DJ) was among the
winners Friday, as shares jumped 14.8% after
The Wall Street Journal
publisher said it would consider strategic alternatives, including a proposed acquisition by
In a press release issued late Thursday, Dow Jones said it had had a change of heart after reviewing its business options. "After a detailed review of the business of Dow Jones and the evolving competitive environment in which it operates, the
Bancroft family has reached consensus that the mission of Dow Jones may be better accomplished in combination or collaboration with another organization, which may include News Corp.," the company said.
Dow Jones, which had previously rebuffed News Corp.'s offer to acquire the company for $60 a share, said that it would meet with News Corp. so that it could determine whether a deal would allow the company, if it did agree to be acquired, to maintain its journalistic freedom, integrity and independence. Shares closed up $7.89 to $61.20.
( CKXE) spiked 37.8% after the entertainment content company, which controls the rights to the popular television show,
, and the images of various celebrities, agreed to be acquired by an affiliate of its chief executive for $13.75 a share in cash. The deal will be conducted by merging CKX with 19X, a private company controlled by CKX's CEO Robert F.X. Sillerman and Simon Fuller, the
judge and a director of CKX.
"I am extremely proud of what we have accomplished and am looking forward so much to continuing to work with Bob building the amazing assets that we have in
, Elvis Presley, Muhammad Ali and the Beckhams," Fuller said in a statement. "I believe this transaction provides the best way to maximize the value we have created." The merger agreement, meanwhile, includes a 45-day window in which CKX can solicit competing offers. No termination fee would be paid to 19X if CKX accepts a better offer. Shares closed up $4.02 to $14.65.
plunged 14.2% after the business consulting company warned that second-quarter results would be below Wall Street's forecast. The company sees earnings of $6.7 million, or 53 cents a share, including a tax gain of 11 cents a share. The company sees revenue of about $88 million. Analysts polled by Thomson Financial project earnings of 64 cents a share on revenue of $96.8 million.
"Our second-quarter performance was below expectations due to a combination of factors," the company said. "Litigation-related revenues were affected by the settlement of certain large litigation projects, a slowdown in others, and delays in the initiation of new litigation cases during the quarter." Shares closed down $7.51 to $45.38.
fell 6.4% after the restaurant operator posted disappointing first-quarter results and cut its 2007 forecast. The company earned $6.4 million, or 22 cents a share, on revenue of $51 million. Analysts expected earnings of 23 cents a share on revenue of $53.8 million. During the year-earlier period, the company earned $5.8 million, or 19 cents a share, on revenue of $42.6 million.
Looking ahead, AFC Enterprises now sees full-year earnings of 81 cents to 85 cents a share, down from an earlier forecast of 87 cents to 91 cents a share. Analysts project earnings of 90 cents a share. Shares closed down $1.25 to $18.22.
NCI Building Systems
slid 1.9% after the building products company reported mixed second-quarter results and slashed its full-year earnings guidance. The company posted earnings of $6.5 million, or 31 cents a share, on revenue of $367.7 million. Analysts expected earnings of 30 cents a share on revenue of $371.6 million. During the year-earlier quarter, the company earned $11.2 million, or 51 cents a share, on revenue of $329.4 million.
Looking ahead, NCI Building Systems now sees full-year earnings of $3.30 to $3.80 a share, down from an earlier projection of $4.55 to $4.80 a share. Analysts predict earnings of $3.80 a share. Shares closed down 99 cents to $50.42.