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Company News for June 12, 2013

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•    Shares of Sprint Corporation (NYSE:S) increased 2.4% after SoftBank Corp increased its buyout bid from $20.1 billion to $21.6 billion

•    Shares of Dole Food Company, Inc. (NYSE:DOLE) surged 22.2% after its Chairman and CEO, David Murdock, offered to buy 60.5% of the company at a premium of 17.6% from Monday’s closing price in an all cash deal

•    Shares of Lululemon Athletica inc. (NASDAQ:LULU) plunged 17.5% after its CEO, Christine Day, decided to step down from her position

•    Medical Action Industries (NASDAQ:MDCI) posted fiscal fourth quarter 2013 earnings per share of $0.10, above the Zacks Consensus Estimate of $0.05

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