announced a $2 billion stock repurchase plan.
In other postclose news (earnings estimates from
; earnings reported on a diluted basis unless otherwise specified):
Earnings/revenue reports and previews
said earnings will increase at an average annual compound growth rate of 9% after it acquires
Consolidated Natural Gas
Mergers, acquisitions and joint ventures
said it completed its previously announced acquisition of
and that it will issue 0.3339 of a share for each MovieFone share.
Offerings and stock actions
, a unit of
IPC Information Systems
, announced plans to raise $185.4 million in an IPO. IXnet provides managed communications services to the global financial community and hopes to trade on the
Nasdaq Stock Market
under the symbol IXNT.
(OTEL:Nasdaq), which provides integrated communications services, canceled its planned IPO of up to $100 million, citing market conditions.
Jos. A Bank Clothiers
said its chairman and CEO, Timothy Finley, retired. Director Andrew Giordano will assume Finley's duties until a permanent replacement is found.
O'Sullivan Industries Holdings
said shareholder lawsuits were filed against the company, alleging the amount being paid to O'Sullivan in its merger agreement with