Check out the companies making headlines after the bell Tuesday:
Shares of Chesapeake Energy dropped in extended-hours trading. The energy company is the worst ranked stock in the S&P 500 so far, down nearly 77 percent year-to-date.
Fairchild Semiconductor stock climbed higher in after-hours trading. On Tuesday, the company acknowledged receipt of an unsolicited proposal from an unnamed bidder to acquire all of the outstanding shares of common stock of Fairchild for $21.70 per share in cash. In November, Fairchild entered into an agreement of merger with ON Semiconductor under which ON agreed to acquire all of the outstanding shares of Fairchild common stock for $20 per share in cash. Fairchild's board of directors said it has not changed its recommendation in support of the merger agreement with ON.
Adobe Systems stock rose after the bell. The after-hours push puts the software company above its 52-week high.