AT&T Among These Stocks Scoring 52-Week Highs as Dow Hits 4-Year Peak
AT&T Inc. (NYSE:T): Verizon Wireless may have to sell some of its spectrum that it’s looking to acquire from a group of cable operators to win regulatory approval for the proposed $3.6B deal, reports the New York Post. The shares closed at $33.06, up $0.15 or 0.46% on the day. They have traded in a 52-week range of $27.29 to $32.95.
Collective Brands (NYSE:PSS): Collective Brands and a consortium comprised of Wolverine Worldwide (NYSE:WWW), Blum Capital Partners and Golden Gate Capital announced that they have entered into a definitive agreement under which Collective Brands will be acquired for $21.75 per share in cash, or a total of approximately $2.0B, including the assumption of debt. The purchase price represents a 104% premium to the 30-day volume weighted average trading price prior to the August 24, 2011 announcement that Collective Brands’ Board of Directors, together with management, would conduct a review of strategic and financial alternatives. Upon closing, which is expected to occur late in the third quarter or early in the fourth quarter of the current calendar year, Wolverine Worldwide will acquire Collective Brands’ Performance + Lifestyle Group (AMEX:PLG), which includes the wholesale and retail operations of the Sperry Top-Sider, Saucony, Stride Rite and Keds brands, and will continue to operate out of Lexington, Massachusetts. Investment firms Blum Capital and Golden Gate will jointly acquire the operations of Payless ShoeSource and Collective Licensing International, which together will operate as a standalone entity. The shares closed at $21.16, up $0.39 or 1.88% on the day. They have traded in a 52-week range of $9.11 to $21.26.
Spirit Airlines Inc. (NASDAQ:SAVE): Total revenue per passenger flight segment, or PFS, for Q1 was $128.33, an increase of 2.7% as compared to Q1 of 2011. The shares closed at $22.99, down $1.03 or 4.29% on the day. They have traded in a 52-week range of $10.18 to $24.23.
Standex Internationa (NYSE:SXI): Standex also sold its engraving facility in Sao Paulo, Brazil during the third quarter and plans to relocate its combined Brazilian Mold-Tech, roll engraving and machinery operations into a larger and better equipped leased facility. Standex sold the building for cash proceeds of $5.1 million and recorded a gain of $0.26 per diluted share in continuing operations. The Company will be relocating the Brazilian engraving operation during the fourth quarter of fiscal 2012 and first quarter of fiscal 2013 and anticipates recording restructuring expense in the range of $0.03 to $0.04 per diluted share during those two quarters as the result of the relocation. The shares closed at $43.64, down $0.42 or 0.95% on the day. They have traded in a 52-week range of $25.11 to $45.37.
Synacor Inc. (SYNC): Synacor confirmed it has acquired Carbyn, the HTML5 Platform that delivers a unified experience for apps across Net-connected devices including smartphones, tablets, laptops, and connected TVs. The shares closed at $8.84, up $0.55 or 6.63% on the day. They have traded in a 52-week range of $4.75 to $8.93.
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