After-hours buzz: Constellation Brands, Williams, Adobe & more

Check out the companies making headlines after the bell Monday:

Shares of Constellation Brands spiked in extended trading after the beer, wine and spirits company posted a new employment agreement with Constellation Canada's CEO. John Wright will get a base salary of $700,000 Canadian dollars under the new agreement, SEC filing showed.

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Williams shares bounced as the energy company went to court over an embattled merger with ETE. Williams is looking to hold ETE to the deal, even as their shares have slid amid historically low oil prices, the Wall Street Journal reported. The deal was once worth $33 billion, but is now worth about $20 billion, the Journal said.

Adobe shares rose ahead of the tech company's Tuesday earnings. Analysts expect the company, known for its creative cloud-based software, to report earnings of 68 cents per share on revenue of $1.4 billion, according to a Thomson Reuters consensus estimate. That's compared to 48 cents per share on $1.16 billion in the year-ago period.

Tobacco company Reynolds American popped after hours after the company announced it agreed to pay $215,000 for a in a lawsuit. The class action lawsuits were related to a proposed merger between Lorillard and Reynolds, the plaintiffs though was unfair SEC filings show. The fee will satisfy the claims for attorneys' fees and expenses, the filings said.