Active Stock Alerts Feb. 6th: Humana, Hasbro, Changeyou.com, Nielsen, SureWest
Humana Inc. (NYSE:HUM): Individual Medicare Advantage membership was 1,640,300 at December 31, 2011, an increase of 179,600 members, or 12% from 1,460,700 at December 31, 2010. January 2012 individual Medicare Advantage membership approximated 1,813,000, up approximately 173,000 from December 31, 2011. Membership in the company’s individual stand-alone Prescription Drug Plans was 2,540,400 at December 31, 2011, up 870,100 or 52% compared to 1,670,300 at December 31, 2010. Shares of Humana Inc. are trading 5.12% lower today.
Hasbro, Inc. (NASDAQ:HAS): Says did not meet internal expectations for growth in U.S., Canada. Comments made on the Q4 earnings conference call. Shares of Hasbro, Inc. are trading 0.11% lower today.
Changyou.com Limited (NASDAQ:CYOU): Assuming no new grants of share-based awards, share-based compensation expense to be between $1.0M-$1.5M, reducing fully diluted earnings per ADS attributable to Changyou.com Limited by 2c-3c. Shares of Changyou.com Limited are trading 11.52% lower today.
Nielsen Hldg NV (NYSE:NLSN): Reports Q4 revenue $1.42B vs. consensus $1.46B. Shares of Nielsen Hldg NV are trading 3.21% lower today.
SureWest Communications (NASDAQ:SURW): Consolidated Communications (NASDAQ:CNSL) and SureWest Communications (NASDAQ:SURW) have entered into a definitive agreement under which Consolidated will acquire all the outstanding shares of SureWest in a cash and stock transaction valued at $23 per share, or a total of approximately $340.9M, exclusive of debt. Under the terms of the agreement, SureWest’s shareholders may elect to exchange each share of SureWest common stock for either $23 in cash or shares of Consolidated common stock having an equivalent value based on average trading prices for the 20-day period ending two days before the closing of the acquisition, subject to a collar. Overall elections are subject to proration such that 50% of the SureWest shares will be exchanged for cash and 50% for stock. The stock portion of the transaction will be received tax free. The transaction will be accretive to Consolidated’s free cash flow per share in the first full year following closing, excluding integration costs, and the transaction is deleveraging to Consolidated. The consideration represents a 47% premium to SureWest’s stock price as of the close on Feb. 3. The transaction is expected to generate annual operating synergies of approximately $25M and annual capital expenditure synergies of $5M-$10M, which are expected to be fully realized by the end of the first full year after close on a run-rate basis. Consolidated expects to incur merger and integration costs, excluding closing costs, of approximately $20M-$25M over the first two years following closing. In addition, Consolidated will be in a position to benefit from SureWest’s net operating losses of approximately $67M, as of Sept. 30, 2011. The merger is subject to standard closing conditions including federal and state regulatory approvals and the approval by both Consolidated and SureWest shareholders. Shares of SureWest Communications are trading 42.85% higher today.
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