(Premarket story updated to reflect share price changes and retail same-store sales news)
NEW YORK ( TheStreet) -- PepsiCo ( PEP) offered to buy 66% of Russian dairy products and fruit-juice maker Wimm-Bill-Dann ( WBD) for $3.8 billion. Pepsi will offer to buy the remaining shares once the acquisition is completed, the company said in a press release Thursday.

Wimm-Bill-Dann Foods shares rose 30.4%, or $7.45, to $31.95 in premarket trading Thursday. Pepsi shares rose less than 1% to $65.75.



Luxury homebuilder Toll Brothers ( TOL) reported a swing to profit in the fiscal fourth quarter on a tax benefit as revenue and homebuilding deliveries fell. Toll posted fourth-quarter net income of $50.5 million, or 30 cents a share, a swing from a year-earlier loss of $111.4 million, or 68 cents a share.

Toll shares were falling by 1.4% to $18.20 in premarket trading.




November same-store sales reports, which include results from the Black Friday weekend, largely topped estimates. Shares of Abercrombie and & Fitch ( ANF) surged by 7.6% to $54.25 in early trading as the retailer said same-store sales rose 22%, beating the increase of 6.8% that analysts expected.

Gap ( GPS), Macy's ( M) and Target ( TGT) also all posted better-than-expected same-store sales gains in November. Gap fell 0.3%, Macy's rose 0.8% and Target tacked on 1.3% in premarket trading. Warehouse retailer Costco ( COST) said comparable-store sales in November rose 9%. Analysts surveyed by Thomson Reuters were expecting same-store sales to increase 6.2%. Shares of Costco were up 0.9% to $68.91 in premarket trading.



Kroger ( KR), Novell ( NOVL) and Phillips-Van Heusen ( PVH) are among the companies reporting quarterly earnings Thursday.

Novell was down 0.2% to $5.95, and Kroger was down 6.1% to $22.40 before the markets open Thursday; Phillips-Van Heusen finished Wednesday at $70.02, up 3.2%.



China-based specialty chemical manufacture Chemspec International ( CPC) says it has received a financing letter from its chairman and CEO regarding a proposal to acquire certain outstanding shares of the company. The stock ended Wednesday's trading session up 1.1% to $7.23.
More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to: tips@thestreet.com.

RELATED STORIES:




Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

Natural Alternatives to Sports Drinks - Buying Guide

Uber's New Brand Chief Says the iPhone X Costs Too Much Money

Uber's New Brand Chief: Why I Took the Job and What I'm Going to Do Now

Coca-Cola Is Inching Closer to Monster Beverage Takeover

Hurricane Irma Sends People Panicking to Buy Bottled Water