Market Overview

Market Update

Shares of AmerisourceBergen Corporation (NYSE: 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 (NASDAQ: 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 (NYSE: 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 (NYSE: 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: market updateNews Markets

 

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