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Corporate Summary

Zacks Equity Research

Company News for September 18, 2012

WCN ODP DHR

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•    Shares of Waste Connections, Inc. (NYSE:WCN) surged 10.6% after it concluded a deal with R360 Environmental Solutions Inc. to buy its business and operating subsidiaries for $1.3 billion in cash

•    Office Depot Inc. (NYSE:ODP) gained 5.3% after investment firm Starboard Value LP disclosed itself as its largest shareholder with a 13.3% stake. Moreover, in a letter to Office Depot’s management Starboard said the company is undervalued and suggested several ways to improve its profitability

•    Shares of IRIS International, Inc. (NASDAQ:IRIS) soared 45.6% after Danaher Corporation (NYSE:DHR) agreed to purchase IRIS at $19.50 per share in cash which amounts to a total deal value of $338 million

•    LDK Solar Co., Ltd. (NYSE:LDK) reported a second quarter loss per share of $1.84, higher than the Zacks Consensus Estimate of a loss of $1.43
 

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Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BITAUTO HOLD BITA 35.33 +14.82%
ANI PHARMACE ANIP 24.79 +14.66%
E HOUSECHINA EJ 10.99 +9.24%
CANADIAN SOL CSIQ 26.97 +7.15%
INTERNATIONA ICAGY 33.30 +5.38%