Among the companies with shares expected to actively trade in Monday's session are Michael Kors Holdings Ltd. .
Michael Kors said certain shareholders, including some members of its management, intend to sell up to 23 million shares of the luxury retailer in a secondary offering. The company had 199.4 million shares outstanding as of June 30. Shares fell 3.7% in after-hours trading to $53.95.
Builder Beazer Homes USA /zigman2/quotes/208808128/composite BZH -1.73% proposed a one-for-five reverse stock split and a dramatic reduction in the number of shares authorized for issuance to 100 million from 180 million, as the builder works to raise its stock price closer to other builders.
Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI -1.42% agreed to pay $110 million to settle claims related to its $21 billion acquisition of El Paso Corp. The companies had faced a harsh critique of their handling of their acquisition, including allegations by former El Paso shareholders that they were shortchanged.
Brazilian state-owned oil company Petroleo Brasileiro SA /zigman2/quotes/200745132/composite PBR +1.13% , or Petrobras, is seeking a joint-venture partner to invest as much as $4 billion into the company's deepwater drilling operations in the U.S. Gulf of Mexico, people familiar with the matter told The Wall Street Journal.
Regulators closed Minnesota-based First Commercial Bank on Friday, bringing the nationwide tally of bank failures to 41 for the year. Republic Bancorp Inc.'s /zigman2/quotes/200886150/composite RBCAA -0.21% subsidiary Republic Bank & Trust Co. has agreed to acquire all of the deposits and substantially all of the assets of the failed bank, in a deal it says will boost its earnings immediately. First Commercial Bank had about $215.9 million in total assets and $206.8 million in total deposits as of June 30.
Scotts Miracle-Gro Co. /zigman2/quotes/200553749/composite SMG -3.09% will pay $12.5 million in fines, penalties and other costs after admitting to improper use of pesticides. The company pleaded guilty earlier this year to applying insecticides to its wild-bird food that was toxic to birds, the Department of Justice said.
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