Verizon, Teleflex, U.S. Bancorp Reach New 52-Week Highs as S&P Surges Past 1400
Verizon Communications (NYSE:VZ): Verizon Wireless (VZ, VOD) 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 $40.56, up $0.18 or 0.45% on the day. They have traded in a 52-week range of $32.28 to $40.48.
Teleflex Inc. (NYSE:TFX): Teleflex announced it has entered into a definitive agreement to acquire substantially all of the assets of Axiom Technology Partners, which makes the EFx family of laparoscopic fascial closure system products. This acquisition is expected to broaden our general surgery product line and provide access to new sales channels. The EFx product portfolio includes both FDA-cleared and pipeline products designed for the safe and simple closure of abdominal trocar defects through which access ports and instruments were used during laparoscopic surgeries. Under the terms of the definitive agreement, Teleflex will purchase substantially all of the assets of Axiom Technology Partners, a portfolio company of Option3, a privately held medical device incubator focused on the minimally invasive surgery and endovascular markets. The transaction is subject to customary closing conditions and is expected to close in May. The shares closed at $63.66, up $0.99 or 1.58% on the day. They have traded in a 52-week range of $49.40 to $64.56.
U.S. Bancorp (NYSE:USB): Bonds were the only investments to provide positive returns last month, the first time that’s happened since 2008, reports Bloomberg. According to Bank of America Merrill Lynch index data, fixed-income assets gained 0.7%, including reinvested interest, The MSCI All-Country World Index of stocks fell 1.1%, including dividends, while the Standard & Poor’s GSCI Total Return Index of metals, fuels and agricultural products dropped 0.5%. The U.S. Dollar Index was down 0.3%. The shares closed at $32.29, up $0.12 or 0.37% on the day. They have traded in a 52-week range of $20.10 to $32.55.
Wisconsin Energy Cor (NYSE:WEC): Wisconsin Energy reports Q1 cont ops EPS 74c, consensus 73c The shares closed at $36.68, down $0.16 or 0.43% on the day. They have traded in a 52-week range of $27.00 to $36.84.
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