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Corporate Summary

•    Zep, Inc. (NYSE:ZEP) posted first quarter earnings per share of $0.17, a cent higher than the Zacks Consensus Estimate

•    Shares of XPO Logistics Inc. (NYSE:XPO) rose more than 8%, after the company announced it is was acquiring Pacer International, Inc. (NASDAQ:PACR) for $335 million.

•    Verso Paper Corp. (NYSE:VRS) announced it was purchasing New Page Holdings Inc. for $1.4 billion. The combined entity will have annual sales of around $4.5 billion as well as 11 manufacturing facilities across six states

•    T-Mobile US Inc. (NYSE:TMUS) will acquire wireless airwave licenses from Verizon Wireless, a division of Verizon Communications Inc. (NYSE:VZ) for $3.3 billion. The company also disclosed that it is looking at additional spectrum purchases

 

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