announced it was acquiring Koch's natural gas liquids businesses for $1.35 billion. Oneok said the deal will generate approximately $135 million to $145 million in operating earnings in 2006. The transaction is subject to antitrust clearance from the Federal Trade Commission. The stock was unchanged at $29.53.
reported a loss of $1 million, or a penny a share, for the second quarter ended March 31, compared with a loss of $2.8 million, or 3 cents a share a year ago. Revenue for the quarter was $53.1 million. Excluding certain items, the company earned $3.5 million, or 3 cents a share. The company also said it has signed an agreement to acquire
in a deal worth $221 million. Simultaneous with the transaction, Warburg Pincus agreed to purchase $75 million of Scansoft's common stock. ScanSoft was down 48 cents, or 10.6%, to $4.05, while Nuance was up $1.88, or 60.65%, to $4.98 in after-hours trading.
( MWY) first-quarter loss widened to $16 million, or 19 cents a share, from $15 million, or 27 cents a share, a year ago. Revenue for the quarter was $13.8 million. Analysts expected a loss of 20 cents a share on sales of $16.3 million, according to Thomson First Call. For the second quarter, the company expects a loss of $25 million on $40 million in sales. The company did not give per share guidance. Analysts were expecting a loss of 12 cents a share on revenue of $48.2 million, according to Thomson First Call. The stock was unchanged at $9.43.
said it has filed a shelf registration with the
Securities and Exchange Commission
to sell up to $3 billion in various debt and equity securities. The proceeds would be used for general corporate purposes including repayment of other debt, capital expenditures, and possible acquisitions. The stock was unchanged at $48.22.
Innkeepers USA Trust
( KPA) announced it board of directors has raised its quarterly dividend to 10 cents from 6 cents. The dividend is payable July 26 to shareholders of record as of June 24. The stock was unchanged at $13.65.