Stocks to Watch: JPMorgan, Yahoo! (Update 1)
Chesapeake(CHK) said Friday it received a $3 billion loan from Goldman Sachs and Jefferies Group, giving the company more time to sell assets and lower its debt. Earlier in the day, Chesapeake said it might have to delay some planned asset sales because of debt agreements it had.
Over the weekend, reports said Chesapeake expects Carl Icahn to disclose he has taken a significant stake in the oil and gas company.
Shares of Chesapeake jumped 7.43% in premarket trading Monday to $15.91.
Groupon(GRPN) , the daily deal site, is expected to post quarterly results after markets close Monday, and analysts forecast a loss of 5 cents a share on revenue of $530 million.
The board of Avon Products(AVP) is considering a buyout offer from Coty that it previously rejected after Coty lifted the terms of the deal, Avon said Sunday.
Coty said last week that it would increase its bid for Avon to $24.75 a share, or almost $10.7 billion, from its previous offer of $23.25, or $10 billion.
Shares of Avon rose 3.37% in premarket trading Monday to $20.87.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
>To submit a news tip, send an email to: firstname.lastname@example.org.