Company News for March 26, 2013 - Corporate Summary

By Zacks Equity Research,

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•    Shares of Best Buy Co., Inc. (NYSE: BBY ) gained 1.8% after the company announced that its founder Richard Schulze has returned as Chairman Emeritus. Moreover, he has nominated Brad Anderson and Al Lenzmeier to the company's Board of Directors

•    Dell Inc. (NASDAQ: DELL ) surged 2.6% after the company reported that an alternative proposal for its buyout has been received from activist investor Carl Icahn and The Blackstone Group L.P. (NYSE: BX ). The offer price they propose is higher than the price offered by Michael Dell and Silver Lake Partners

•    Dollar General Corp. (NYSE: DG ) posted fourth quarter earnings per share of $0.97, surpassing the Zacks Consensus Estimate of $0.90

•    JA Solar Holdings Co., Ltd. (NASDAQ: JASO ) reported a fourth quarter loss per share of $2.65, wider than the Zacks Consensus Estimate of a loss of $1.30

BEST BUY (BBY): Free Stock Analysis Report

BLACKSTONE GRP (BX): Free Stock Analysis Report

DELL INC (DELL): Free Stock Analysis Report

DOLLAR GENERAL (DG): Free Stock Analysis Report

JA SOLAR HOLDGS (JASO): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Stocks: BBY , BX , DELL , DG , JASO

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