Company News for March 11, 2011 - Corporate Summary

• Cumulus Media (NASDAQ:CMLS) reported that it has entered into a merger agreement to acquire all the outstanding common stock and warrants of Citadel Broadcasting Corp for $37 per share

• Starbucks (NASDAQ:SBUX) and Green Mountain Coffee Roasters (NASDAQ:GMCR) have entered into a strategic relationship for the manufacturing, marketing, distribution and sale of Starbucks and Tazo tea branded K-Cup portion packs for use in the Keurig single-cup brewing system

• National Semiconductor (NYSE:NSM) reported Q3 EPS of $0.24, in line with the Zacks Consensus Estimate. Revenues for the quarter fell 12% year-over-year to $343.9 million, lower than the Zacks Consensus Estimate of $352.0 million

• Biotech company SIGA Technologies Inc (NASDAQ:SIGA) reported a fourth quarter operating loss of $4.2 million

• Late Wednesday NetApp Inc (NASDAQ:NTAP) announced its plans to buy LSI Corporation’s (NYSE:LSI) external storage systems business for $480 million

• Archipelago Learning Inc (NASDAQ:ARCL) reported late on Wednesday that it has swung to a profit of 6 cents per share from a loss of a cent per share recorded earlier in the year

• Iron Mountain Inc.’s (NYSE:IRM) shareholder Elliott Management recommended a strategic review of the firm’s options

• The U.S. Food and Drug Administration approved a lupus drug created by Human Genome Sciences (NASDAQ:HGSI) and GlaxoSmithKline PLC (NYSE:GSK)

• Semtech Corporation (NASDAQ:SMTC) posted a 37% jump in fourth-quarter revenue after market hours on Wednesday and forecasted a better-than-expected first-quarter sales

Company News for March 11, 2011 – Corporate Summary

SIGN UP TO NEWSLETTER

Free E-Book

Recent Posts