Unusual 11 Mid-Day Movers 6/9: HRH, CPWM, KKD, HEPH Higher; RIMG, SPRD, AEPI, XJT Lower
Hilb Rogal & Hobbs Company (NYSE: HRH) 43% HIGHER; Willis Group Holdings Limited (NYSE: WSH) and Hilb Rogal & Hobbs announced plans to combine in a transaction that will double Willis's North America revenues and strengthen its leadership in attractive growth markets. Under the terms of the definitive agreement, Willis will acquire all of the outstanding shares of common stock of HRH for $46.00 per share, 50 percent cash and 50 percent stock, subject to a collar.
Rimage Corporation (Nasdaq: RIMG) 22.7% LOWER; is reducing its financial guidance for the second quarter of 2008 ending June 30 to earnings of $0.09 to $0.12 per diluted share on revenues of $20.0 to ...
