UnderArmour, Unitedhealth, Great Wolf Win New 52-Week Stock Price Highs April 20th
Under Armour (NYSE:UA): Under Armour had previously anticipated 2012 revenue growth at the low end of its 20%-25% long-term growth target and 2012 operating income at the higher end of its 20%-25% long-term growth target. Based on current visibility, the company now expects 2012 revenue in the range of $1.78B-$1.8B, representing growth of 21%-22% over 2011. The company also expects 2012 operating income in the range of $203M-$205M, representing growth of 25%-26% over 2011. The company continues to expect an effective tax rate of approximately 37.5%-38% for the full year. The shares closed at $101.53, up $5.03 or 5.21% on the day. They have traded in a 52-week range of $52.62 to $99.35.
Metrocorp Bancshares (NASDAQ:MCBI): MetroCorp Bancshares reported Q1 EPS 16c versus consensus 10c. The shares closed at $11.19, up $0.53 or 4.97% on the day. They have traded in a 52-week range of $4.15 to $10.68.
Unitedhealth Group (NYSE:UNH): UnitedHealth opened a new Call Center in Miami, adds 125 jobs. The shares closed at $59.51, up $0.8 or 1.36% on the day. They have traded in a 52-week range of $41.27 to $59.61.
Great Wolf Resorts (NASDAQ:WOLF): K-9 Acquisition, Inc., an affiliate of Apollo (NASDAQ:APO), and Great Wolf Resorts (NASDAQ:WOLF) have further amended their previously announced merger agreement to provide for Apollo to increase its offer to acquire Great Wolf from $7.00 per share in cash to $7.85 per share in cash. The $7.85 offer price represents a premium of 171% to the six-month average of Great Wolf’s share price prior to the announcement of Apollo’s original offer, a premium of 136% over the ninety-day average of Great Wolf’s share price prior to the announcement of the original offer and a premium of 87% over Great Wolf’s closing stock price on the day prior to the announcement of the original offer. The further increased offer from Apollo was unanimously approved by the Great Wolf board of directors, as Great Wolf’s board believes that Apollo’s increased offer is in the best interest of all shareholders. The board has determined to recommend that Great Wolf shareholders tender their shares into Apollo’s revised tender offer. The shares closed at $8.06, up $0.64 or 8.63% on the day. They have traded in a 52-week range of $2.04 to $7.58.
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