Company News for May 03, 2011 - Corporate Summary

•    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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