Archive for September 28th, 2009

ACS (ACS) Up Over 20% On Xerox (XRX) Buy-Out

ACS (ACS) is being bought by Xerox (XRX) for $6.4 billion in cash and stock, an extraordinary deal for ACS shareholders ACS stock is up 21% to $57.25, almost $5 above its 52-week high. Xerox shares are down almost 10% to $8.17 on the other hand Douglas A. McIntyre

Cal-Maine (CALM) Hit On Earnings

Cal-Maine (CALM) is down almost 14% to $24 on poor earnings. For the first quarter of fiscal 2010, net sales were $187.7 million, compared with net sales of $206.9 million for the first quarter of fiscal 2009. The Company reported net loss of $3.8 million, or $0.16 per basic and diluted share, for the first quarter of [...]

Gander Mountain Spikes Up On Plan To Go Privates

Gander Mountain (GMTN) will go private and its shares are up 31% at $5.02. The price could go higher if shareholder object. The firm’s 52-week high is $6.49. A special committee of the company’s board of directors, comprised of independent directors, has recommended, and the board of directors has approved, plans to cease the registration [...]

Aspect Medical (ASPN) Up 55%, Nears $12, On Buy-Out

Covidien (COV) has reached a definitive agreement to acquire Aspect, a global market leader in brain monitoring technology. The Boards of Directors of both companies have unanimously approved the transaction, pursuant to which a wholly owned subsidiary of Covidien will pay $12.00 in cash per Aspect share for a total of approximately $210 million, net of [...]