Company News for March 31, 2011 - Corporate Summary

• According to a report from Bloomberg, Valeant Pharmaceuticals VRX made a hostile bid to acquire Cephalon 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 BLK would replace Genzyme Corp. GENZ  in the S&P 500 index  after Friday's close

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

• Chinese internet company Qihoo 360 Technology Company 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 ACXM announced that its CEO had resigned, effective two days ago, and that its CFO plans to step down

• Align Technologies 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. BBY with  “Above average” rating with a target price  of $36.00

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

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