Seagate, China Medical: After-Hours Trading

SodaStream, Vitamin Shoppe news and quoted added in this update.

NEW YORK ( TheStreet) -- Seagate Technology ( STX) was the big loser in after-hours action on Monday after the Irish hard drive maker terminated buyout talks with private equity firms.

The company said it ended the discussions with the undisclosed firms because "the indications of the valuation range were not in the best interest of the company and its shareholders." The company first disclosed its receipt of an indication of interest in mid-October.

The stock was last quoted at $13.1,4 down 5.9%, on volume of nearly 5 million, according to Nasdaq.com. The shares closed at $12.69 on Oct. 14 just prior to the company's acknowledgment of the potential going-private transaction.

Softening the blow a bit was news that Seagate's board has approved the buyback of up to $2 billion worth of the company's common stock. In addition, the company forecast revenue of at least $2.7 billion for the December-ending quarter along with a gross margin of at least 19.5%. That revenue view is roughly in line with the current average estimate of analysts polled by Thomson Reuters.

Shares of fellow hard drive maker Western Digital ( WDC) slipped 1% to $33.36 on volume of around 405,000 after the close.

Interactive Brokers

Shares of Interactive Brokers ( IBKR) rose in extended trading after the Greenwich, Conn.-based firm said it would distribute roughly $1 billion back to shareholders.

The company, which functions as an electronic market maker and broker, said after the close its board has declared a special cash dividend of $1.79 per common share. The dividend is to be paid on Dec. 23 to shareholders of record on Dec. 9.

The stock was last quoted at $18.30, up 4.2%, on volume of nearly 62,000, according to Nasdaq.com. Based on a regular session close at $17.56, the shares were up 1.2% so far in 2010.

Interactive Brokers, which plans to use cash on hand for the payout, is coming off a strong fiscal third-quarter report issued on Oct. 21 when its profit of 26 cents a share came in more than 35% ahead of Wall Street's expectations.

China Medical Technologies

China Medical Technologies ( CMED) was slumping late Monday after the Beijing-based maker of advanced in-vitro diagnostic products announced plans to sell $100 million worth of convertible senior notes due 2016.

The company said it would use the proceeds of the proposed offering to repurchase other outstanding convertible notes, general corporate purposes and to cover expenses stemming from a related capped call transaction it intends to enter in order to reduce the potential dilution of its American Depositary Shares in relation to this notes sale. The deal would also have a $25 million over-allotment option.

Shares of China Medical fell 5.1% to $12.87 in extended trades on volume of a little more than 26,000. Based on Monday's regular session close of $13.56, the stock had fallen 7.1% year-to-date.

SodaStream International

Shares of SodaStream International ( SODA) rose in extended trading on Monday after the Israeli provider of home beverage carbonation systems posted a plus-50% jump in quarterly earnings in its first-ever report as a public company.

The company said its adjusted earnings totaled 3.9 million euros, or 31 euro cents per share, for the three months ended Sept. 30, up from a year-ago equivalent profit of 2.6 million euros, or 21 euro cents.

The stock jumped 5.4% to $43.85 on volume of almost 127,000 in late trades. SodaStream went public earlier this month, selling 5.4 million shares at $20 each.

Vitamin Shoppe

Vitamin Shoppe ( VSI) slid 4.6% in after-hours action to $29.51, although volume was light with just 11,300 changing hands.

After the bell, the North Bergen, N.J.-based nutritional products retailer announced a secondary offering of 6.3 million common shares. The deal also includes an over-allotment option for the sale of an additional 945,450 shares.

Proceeds from the offering will go to selling shareholders, including a fund managed by private equity firm Irving Place Capital, the company's principal shareholder, and members of Vitamin Shoppe's management team.

Based on its regular session close at $30.93, the stock is up 37% so far in 2010.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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