Market Update

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Shares of AmerisourceBergen Corporation
ABC
dropped about 0.3% after the company announced its plans to acquire World Courier Group Inc for $520 million in cash. The deal is likely to close in the third quarter of fiscal 2012. Shares of Wi-LAN Inc
WILN
fell about 2.4% after the company named Michael B. Vladescu as the Chief Operating Officer of WiLAN, effective March 15, 2012. Shares of Safeway Inc
SWY
declined about 2.3% after the company issued upbeat earnings forecast for 2012. It projects 2012 earnings of $1.90 to $2.10 per share. Analysts were expecting a profit of $1.88 per share for the year. Shares of Hill-Rom Holdings Inc
HRC
fell about 0.9% after the company announced its plans to lift its quarterly dividend by 11%. Hill-Rom will increase its dividend to 12.5 cents per share.
Posted In: NewsMarketsmarket update
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