Company News for March 31, 2011 - Corporate Summary

• According to a report from Bloomberg, Valeant Pharmaceuticals (NYSE:VRX) made a hostile bid to acquire Cephalon (NASDAQ:CEPH) for about $73 a share in cash or about $5.7 billion, after earlier bids were rejected

• Standard & Poor’s said the world’s biggest asset manager BlackRock Inc (NYSE:BLK) would replace Genzyme Corp. (NASDAQ:GENZ) in the S&P 500 index after Friday’s close

• Wells Fargo Securities initiated coverage on exploration company GeoResources Inc. (NASDAQ:GEOI) with an “Outperform” rating

• Chinese internet company Qihoo 360 Technology Company (NYSE:QIHU) made its debut on the New York Stock Exchange with a bang with share prices rising 134.48% to close at $34.00

• Data-services provider Acxiom Corp (NASDAQ:ACXM) announced that its CEO had resigned, effective two days ago, and that its CFO plans to step down

• Align Technologies (NASDAQ:ALGN) said it had agreed to buy privately held Cadent Holdings for $190 million in cash to expand its presence in restorative dentistry

• Caris & Company analysts initiated coverage on Best Buy Co Inc. (NYSE:BBY) with “Above average” rating with a target price of $36.00

• Wells Fargo & Co. (NYSE:WFC) analysts initiated coverage on Bruker Co. (NASDAQ:BRKR) with a “Outperform” rating on the stock

• Caris & Company analysts initiated coverage on CONN’S, Inc. (NASDAQ:CONN) with an “Average” rating with a target price of $5.50

Company News for March 31, 2011 – Corporate Summary

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