Company News for May 03, 2011 - Corporate Summary
May 03 2011 - 5:10AM
Zacks
• Arch Coal, Inc. (NYSE:ACI) and International
Coal Group, Inc. (NYSE:ICO) announced that they have signed a
definitive agreement under which Arch will acquire all of the
outstanding shares of ICG for $14.60 per share in an all-cash
transaction valued at $3.4 billion
• Teva Pharmaceutical (NASDAQ:TEVA) and Cephalon
(NASDAQ:CEPH) said that their respective boards of directors
unanimously approved a definitive agreement under which Teva will
acquire Cephalon and all of its outstanding shares for $81.50 per
share in cash, with a total enterprise value of about $6.8
billion
• Principal Financial Group (NYSE:PFG) reported
Q1 EPS of $0.71, marginally higher than the Zacks Consensus
Estimate of $0.70 per share. Revenues for the quarter rose 4%
year-over-year to $2.05 billion, just short of the Zacks Consensus
Estimate of $2.055 billion
• Hologic, Inc. (NASDAQ:HOLX) reported Q2 EPS of
$0.30, ahead of the Zacks Consensus Estimate of $0.28 per share.
Revenues for the quarter were $438.7 million, above the Zacks
Consensus Estimate of $433.0 million
• Share prices of action-sports brand Volcom Inc.
(NASDAQ:VLCM) increased more than 23.67% after French luxury
group PPR reported it will acquire the Costa Mesa, California-based
company in a deal worth $607.5 million
• Goldman Sachs (NYSE:GS) upgraded aluminum
producer Alcoa Inc. (NYSE:AA) from "Neutral" to "Buy" rating and
raised the target price to $22 per share from $17 per share
• Share prices of TiVo (NASDAQ:TIVO) increased
more than 3% after DISH Network Corp (NASDAQ:DISH) and EchoStar
(NASDAQ:SATS) agreed to pay the digital video recorder firm $500
million to settle a patent infringement lawsuit which will mark the
end of a long and costly legal battle
• Japanese technology firm Sony (NYSE:SNE)
announced its plans to resume some services on its PlayStation
Network following the theft of personal information belonging to 78
million users
• Hospital operator Community Health Systems
(NYSE:CYH) raised for its offer to take over Tenet Healthcare
(NYSE:THC) by $1.75 per share to $7.25, saying the bid was its
"best and final'' bid
ALCOA INC (AA): Free Stock Analysis Report
ARCH COAL INC (ACI): Free Stock Analysis Report
CEPHALON INC (CEPH): Free Stock Analysis Report
COMMNTY HLTH SY (CYH): Free Stock Analysis Report
DISH NETWORK CP (DISH): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
HOLOGIC INC (HOLX): Free Stock Analysis Report
INTL COAL GROUP (ICO): Free Stock Analysis Report
PRINCIPAL FINL (PFG): Free Stock Analysis Report
ECHOSTAR CORP (SATS): Free Stock Analysis Report
SONY CORP ADR (SNE): Free Stock Analysis Report
TEVA PHARM ADR (TEVA): Free Stock Analysis Report
TENET HEALTH (THC): Free Stock Analysis Report
TIVO INC (TIVO): Free Stock Analysis Report
VOLCOM INC (VLCM): Free Stock Analysis Report
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