Economic Calendar

Tuesday, August 11, 2009

Force Protection, Lions Gate, ShengdaTech: U.S. Equity Preview

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By Lu Wang

Aug. 11 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Bunge Ltd. (BG US): The largest seller of fertilizer to Brazilian farmers said it plans to offer 10 million shares, which may dilute the value of existing equity.

Force Protection Inc. (FRPT US): The maker of blast- resistant vehicles for the U.S. military reported 82 percent less second-quarter profit than analysts estimated and said it’s reviewing a partnership with General Dynamics Corp. (GD US) after the venture lost a contest valued at $3.3 billion.

Lions Gate Entertainment Corp. (LGF US): The biggest independent movie studio reported a first-quarter profit on higher television revenue and the addition of the TV Guide channel. Analysts forecast a loss.

ShengdaTech Inc. (SDTH US): The China-based maker of chemicals said it earned 12 cents a share in the second quarter, topping the average analyst estimate by 54 percent.

VMware Inc. (VMW US): The biggest maker of programs that let computers run multiple operating systems agreed to buy Java software maker SpringSource for about $362 million.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net.




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