U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH

Among the companies with shares expected to actively trade in Monday's session are Ancestry.com Inc. (ACOM), Nexen Inc. (NXY, NXY.T) and VF Corp. (VFC).

Genealogy website Ancestry.com confirmed it agreed to be acquired by an investor group led by European private-equity firm Permira for about $1.6 billion, or $32 a share. The $1.6 billion value of the deal accounts for vesting of outstanding options, while the $32-a-share price represents a premium of about 40% from where the stock was trading in June before reports that the company was on the block. Shares rose 7.9% to $31.48 premarket.

Canada's surprise rejection of the $5.21 billion takeover offer by Malaysia's state-controlled energy company for Canadian natural-gas producer Progress Energy Resources Corp. (PRQNF, PRQ.T) has raised questions about a pending bid for Canadian natural-gas producer Nexen from China's Cnooc Ltd. (CEO, 0883.HK). Canada's main opposition party has called on the government to reject Cnooc's deal to buy Nexen saying the review process wasn't transparent enough. Nexen shares dropped 7.8% to $23.44 premarket.

VF's third-quarter earnings rose 27% as the branded-apparel maker's Timberland Co. acquisition contributed to strong sales of outdoor and sports segments. Still, shares fell 4.8% to $158.75 premarket amid a sequential deceleration in revenue growth in Europe, China and the company's The North Face segment.

Orexigen Therapeutics Inc. (OREX) said it has received a response to a formal dispute resolution request form the U.S. Food and Drug Administration indicating the agency supports further discussion regarding a faster path to resubmission of the drug company's new drug application for investigational obesity drug Contrave. Shares popped 8.1% to $6.65 premarket.

Koninklijke Philips Electronics NV (PHG, PHIA.AE) expects global economic troubles to affect future expansion but said its third-quarter results benefited from cost savings and growth in emerging markets. American depositary shares of the Amsterdam-based electronics company rose 6% to $26.07 premarket.

Oil and natural gas company Magnum Hunter Resources Corp. (MHR) said its management discovered an inadvertent error in the calculation of non-cash share-based compensation expense related to common stock options granted to certain employees during the second quarter of 2012. Net loss per common share for the three month period ended June 30 should have been 12 cents rather than 10 cents. Shares fell 3.2% to $4.21 premarket.

Supernus Pharmaceuticals Inc. (SUPN) said it received approval from the U.S. Food and Drug Administration for the specialty pharmaceutical company's epilepsy treatment, Oxtellar, effective Oct. 19. Shares rose 20% to $15.51 premarket.

 
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American Greetings Corp. (AM) said it has formed a special committee of independent directors to review a proposal from Chief Executive Zev Weiss and his family to take the greeting-card company private.

Standard & Poor's Ratings Services placed Archer Daniels Midland Co.'s (ADM) investment-grade rating on watch for a possible downgrade, after the grain merchandiser earlier Friday said it was seeking to buy Australian grain-handling company GrainCorp Ltd. (GNC.AU).

Edwards Lifesciences Corp.'s (EW) third-quarter profit rose 34%, but continued European economic trouble and a U.S. regulatory delay hurt growth in its key heart valve implant device unit.

Activist investor Carl Icahn and affiliates reported a boosted 31% stake in Motricity Inc. (MOTR) after exercising subscription rights to acquire more equity.

Write to Anna Prior at [e-mail]

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