Stocks to Watch: Victoria's Secret, Genetron, Bsquare

Dow Jones2023-10-12

By Ben Glickman

Victoria's Secret narrowed its third-quarter guidance range for net loss as its sales improved. The lingerie, clothing and beauty retailer said sales growth internationally was better than expected and trends in the North American market had improved month-on-month. Shares rise 1.9%, to $15.22, after-hours.

Genetron Holdings said it would go private after a group led by Chief Executive Sizhen Wang initiated a tender offer for the company's shares. The bid values the company at $126 million. Shares rise 9.6%, to $1.03, after-hours.

Bsquare Corp. said it would be acquired by private company Kontron America. The offer of $1.90 in cash per share of Bsquare represents a 62% premium on the trailing 52-week volume weighted average of Bsquare's closing price Tuesday. Shares surge 45%, to $1.80, after-hours.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

October 11, 2023 19:53 ET (23:53 GMT)

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