Pre-market: Champps Entertainment sold for $74.8 million
Shares of Champps Entertainment, Inc. (Nasdaq: CMPP) are gaining following news this morning that the Littleton, Colo.-based operator of dining restaurants will be acquired by F&H Acquisition Corp., the holding company for Fox and Hound Restaurant Group, for $74.8 million. The stock is up $0.77, or 17%, to $5.40.
Shares of Entrust Inc. (Nasdaq: ENTU) are falling on news on July 4 that the Addison, Texas-based provider of security software expects a net loss of $0.02 per share in the second quarter ended June 30, compared to breaking even a year earlier. Analysts were looking for a profit of $0.03 per share. The stock is down $0.25, or 6%, to $3.75.
Phoenix, Ariz.-based Radyne Corp. (Nasdaq: RADN), which makes products and software used for the transmission and reception of data and video over satellite, said this morning that it will acquire micro satellite maker AeroAstro Inc. for approximately $17.25 million in cash and $750,000 in stock. Shares are up $0.07, or 1%, to $10.77.
Shares of Premier Exhibitions, Inc. (Nasdaq: PRXI) are higher following news after Tuesday’s close that Atlanta, Ga.-based exhibitions organizer raised its quarterly profit to $3.26 million, or $0.10 per share, in the period ended May 31, compared with $1.06 million, or $0.03 per share, in the corresponding quarter a year earlier. Wall Street was expecting earnings if $0.08 per share. The stock is up $0.31, or 2%, to $16.75.
Financial and entertainment media company Xinhua Finance Media Ltd. (Nasdaq: XFML) said this morning that it has signed an exclusive 5-year advertising contract with House.china.cn, the real estate portal under China.com.cn, one of China’s leading portal sites. Shares are up $0.24, or 3%, to $8.40.
