Shares of 7-Eleven ( SE - Get Report) were among the NYSE's winners Thursday, rising 22% after Seven-Eleven Japan proposed to buy all of the shares of 7-Eleven that it doesn't already own. 7-Eleven said it would evaluate the $32.50-a-share tender offer and respond to shareholders "as to whether it recommends acceptance or rejection of the tender offer, expresses no opinion and remains neutral toward the tender offer, or is unable to take a position with respect to the tender offer." 7-Eleven expects to evaluate the all-cash deal and to get back to shareholders on or before Sept. 19. Seven-Eleven Japan and its IYG Holding subsidiary already owns about 72.7% of the Dallas-based 7-Eleven. The $32.50 offer represents a 15% premium to Wednesday's closing price of $28.34. Shares were recently trading up $6.16 to $34.50. NCI Building Systems ( NCS) fell 9% after the company posted third-quarter earnings that fell short of Wall Street expectations. The building products company reported earnings of $14.7 million, or 70 cents a share, on sales of $292.7 million. Three analysts polled by Thomson First Call were expecting earnings of 73 cents a share while one analyst was expecting sales of $315 million. A year ago the company earned $8.4 million, or 41 cents a share, on sales of $295.8 million. Last year's results included an after tax charge of $5.8 million, or 28 cents a share. Looking ahead, NCI forecast fourth-quarter earnings of 93 cents to $1.03 a share, well below the $1.21 a share in earnings that analysts had been expecting. Shares were trading down $3.33 to $34.37. Shares of Bebe Stores ( BEBE) fell 16% after the retailer of women's clothing posted August same-store sales that were weaker than expected. The company reported a 16.9% increase in same-store sales. Analysts polled by Reuters, however, were expecting a 21% increase.
Looking ahead, Bebe said that it remains comfortable with first-quarter earnings guidance of 14 cents to 17 cents a share. "However, business was not as strong during the last week of the month and we now anticipate comparable-store sales to be in the high-teens range for the first quarter of fiscal 2006," the company said. Previously, the company said it would report a same-store sales increase in the low-20s range. Analysts are expecting earnings of 17 cents a share during the quarter. Shares were trading down $3.68 to $19.84. Host America ( CAFE) fell 71% after the company's shares resumed trading after being halted for more than a month. Shares of the company were halted in July after the Securities and Exchange Commission launched a probe of the company's July 12 announcement that it was preparing to install its LightMasterPlus product in 10 Wal-Mart ( WMT) stores. Late Wednesday, Host America acknowledged that it never had a formal agreement with Wal-Mart for the installation of the lighting systems. "With respect to the July 12, 2005, press release, Host wishes to state that, while Host believed that there was an oral understanding between Host and Wal-Mart Stores that Host would begin surveying 10 Wal-Mart stores, there is not, and never has been, a formal, written agreement with Wal-Mart concerning the proposed 10-store survey that was the subject of the July 12, 2005, press release nor is there any agreement for the installation of LightMasterPlus," the company said in a statement. As a result of the situation, Host placed CEO Geoffrey Ramsey on administrative leave without pay pending the completion of the company's investigation. Ramsey resigned his position as chairman of the board. Shares were recently trading down $10.12 to $4.13. Shares of Haggar rose 22% after the retailer agreed to be acquired by investment firms Infinity Associates, Perseus and Symphony Holdings for about $212 million in cash, or $29 a share. The price represents a 25% premium to Wednesday's closing price of $23.14. The transaction is expected to close by the end of 2005. Shares were trading up $5.06 to $28.20.
NYSE volume leaders included Valero Energy ( VLO - Get Report), up $3 to $109.50; Exxon Mobil ( XOM), up $1.43 to $61.33; Lucent Technologies , down 1 cent to $3.07; Wal-Mart, down 2 cents to $44.94; General Electric ( GE - Get Report), down 46 cents to $33.15; and Motorola , up 11 cents to $21.99. Nasdaq volume leaders included Chiron , up $6.72 to $43.16; Microsoft ( MSFT), down 15 cents to $27.23; Sun Microsystems ( SUNW), up 3 cents to $3.83; Cisco Systems ( CSCO), up 1 cent to $17.63; Ciena ( CIEN), down 15 cents to $2.10; Intel ( INTC), down 27 cents to $25.45; and Sirius Satellite Radio ( SIRI), up 6 cents to $6.94.