This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wednesday's Winners & Losers: Copa Holdings

Updated from 12:46 p.m. EDT

Copa Holdings (CPA - Get Report) was among the NYSE's winners Wednesday, as shares rose 10.2% after the transportation services company posted better-than-expected first-quarter results.

The company earned $48.6 million, or $1.12 a share, on revenue of $242.7 million. Analysts polled by Thomson Financial expected earnings of 99 cents a share on revenue of $233.9 million. During the year-earlier period, the company earned $32.3 million, or 75 cents a share, on revenue of $191.7 million. Shares closed up $6.30 to $67.89.

Bausch & Lomb (BOL) rose 9.8% after the eye-care products company agreed to be acquired by Warburg Pincus for about $3.7 billion in cash. The private equity firm will pay $65 a share, representing a 26% premium to the company's closing price of $61.50 on Tuesday. "After extensive negotiations and careful and thorough analysis, together with our independent advisors, the special committee and our board have unanimously endorsed this transaction as in the best interest of the company and our shareholders," Bausch & Lomb said. "We are pleased that this transaction appropriately recognizes the value of Bausch & Lomb's highly respected brand and innovative products in the eye care industry, while providing our shareholders with an immediate and substantial cash premium for their investment in Bausch & Lomb."

The terms of the deal allow Bausch & Lomb to shop itself to other suitors for the next 50 days; the company plans to pursue that opportunity. If Bausch & Lomb does get acquired by another company, it will have to pay Warburg Pincus a $40 million breakup fee. Shares of Bausch & Lomb closed up $6 to $67.50.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMD $2.53 0.00%
CPA $82.75 0.00%
GPIC $10.10 0.00%
MSFT $44.40 0.00%
NX $21.16 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs