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Corporate Summary

Zacks Equity Research

Company News for December 18, 2012

S AIG CPWR

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•    Sprint Nextel Corporation (NYSE:S) reported on Monday that it has concluded an agreement to purchase Clearwire Corporation (NASDAQ:CLWR) at around $2.2 billion

•    American International Group, Inc. (NYSE:AIG) jumped 3% on Monday after it declared that an amount of around $6.5 billion could be raised from the sale of its balance shares to AIA Group

•    Shares of Compuware Corporation (NASDAQ:CPWR) surged 12.9% after investment firm Elliott Management, one of its stakeholders offered to acquire the company at a deal price of approximately $2.35 billion

•    Rick's Cabaret International, Inc. (NASDAQ:RICK) reported fourth quarter earnings per share of $0.16, missing the Zacks Consensus Estimate of $0.22
 

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