Beasley Broadcast Group Inc (NASDAQ:BBGI) shares dipped after announcing a proposed sale of its common stock. The radio broadcaster will offer more than 1.3 million shares for an undisclosed price. The company recently acquired Philadelphia’s WXTU-FM in a US$38mln deal.
Shares of the Florida-based company fell nearly 14% to US$9.15.
LifePoint Health Inc (NASDAQ:LPNT) is a top gainer after private equity firm Apollo Global Management agreed to buy the hospital operator in a US$5.6bn deal. LifePoint shareholders will receive US$65 per share in cash. The deal will mesh LifePoint and Apollo’s RCCH HealthCare Partners, renaming the combined company LifePoint Health.
Shares of the Tennessee-based company jumped nearly 35% to US$64.25 in Monday morning trading.
Dover Downs Gaming & Entertainment Inc (NASDAQ:DDE) shareholders hit the jackpot. The casino company announced a merger with Twin River Worldwide Holdings. The Delaware-based hotel features a 165,000 square foot casino complex with over 500 slot machines and a race track.
Shares soared more than 50% to US$3.07.
PetMed Express Inc (NASDAQ:PETS) shares were in the doghouse following a disappointing first quarter. The online pet pharmacy reported earnings of US$0.62 per share compared with consensus estimates of US$0.64 EPS. Sales of US$87.4mln did beat Wall Street estimates of US$85.7mln.
Shares of the Florida-based company fell more than 13% to US$34.92.
The Russell 2000 small-cap index was down slightly in Monday morning trading.