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04/27/15 02:14:43 PM
MARKET MOVERS

Movers: Windstream Holdings, Inc., Wausau Paper Corp., Akorn, Inc.

Windstream Holdings, Inc.(WIN) : Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. Windstream Holdings, Inc. (NASDAQ: WIN) shares are trading lower by $1.94 at $10.27 from its adjusted Friday close. That closing has been adjusted to a tax-free spinoff of some of its networks assets. The new CS&L REIT (NASDAQ: CSAL) has been active since April 20, and has rallied as high as $34.63 and as low as $27. Shares now change hands near the $28 level. The complicated transaction will change the Winstream dividend and a one-for-six reverse stock split is adding layers of confusion to the actual price and true value of the company. Thus far, investors are abandoning the issue in Monday's session, similar to the way they exited CS&L last week. After opening at $11.72, it briefly popped to $11.90 before sharply reversing course. So far, the stock has tanked to $10.09 and is attempting to distance itself from that level. Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga PRO: http://pro.benzinga.com 2015 Benzinga Newswires. Benzinga does not provide investment advice. All rights reserved.



Wausau Paper Corp.(WPP) : Announces Hiring of Brian Powers, John Formon and Randall Hetland MOSINEE, Wis.--(BUSINESS WIRE)-- Wausau Paper (NYSE:WPP) announced today the hiring of industry veterans Brian Powers, as Vice President - Sales & Marketing; John Formon, as Vice President - Innovation; and G. Randall Hetland, as Director of Converting. "Wausau Paper has long been committed to the away-from-home towel and tissue industry," commented Wausau president, Matthew L. Urmanski. "The addition of these talented individuals to our organization strengthens our ability to differentiate Wausau Paper in the away-from-home marketplace and expand the growth potential of our business." Brian Powers, a 20-plus-year towel and tissue industry veteran, will return to Wausau PaperJuly 1, 2015, after spending a number of years with SCA Americas, most recently as Vice President of Sales. Powers is familiar with Wausau Paper's away-from-home towel and tissue business, having spent 14 years with the Company in various roles including Director of Sales and Product Manager. John Formon joined Wausau Paper in February 2015, and is providing leadership to the Company's product innovation team. He is a 28-year tissue industry expert who joins Wausau from SCA Americas, where he most recently held the role of Global Technical Innovation Director. At SCA, Formon oversaw the development of that company's dispenser program. Prior to working with SCA, Formon was a Senior Manager for Commercial and Consumer Product Development at Georgia Pacific. Randy Hetland, also a 20-plus-year industry veteran, joined the operations team at Wausau Paper in March 2015, in the leadership role over the Company's converting platform. He comes to Wausau from Georgia Pacific's Zachary, Louisiana, tissue manufacturing operations where he served as Towel Stream Lead, and held a variety of other converting management roles. Prior to Georgia Pacific, Hetland worked in converting operations for Proctor and Gamble at its Albany, Georgia, tissue/consumer products site. About Wausau Paper:Wausau Paper produces and markets a complete line of away-from-home towel and tissue products, as well as soap and dispensing systems. The Company is listed on the NYSE under the symbol WPP. To learn more about Wausau Paper visit wausaupaper.com. Wausau PaperInvestor and Media Contact:Perry Grueber, 715-692-2056Director Investor Relationspgrueber@wausaupaper.com Source: Wausau Paper



Akorn, Inc.(AKRX) : Celladon Corp (NASDAQ: CLDN) shares dipped 78.95 percent to $2.88 on the failed CUPID2 trial of MYDICAR in advanced heart failure. Akorn, Inc. (NASDAQ: AKRX) shares declined 18.16 percent to $45.21 following the report of overstatement of revenue and downgrade. The company said it will make additional accounting restatements that will reduce previously reported revenue for the final three quarters of 2014. Piper Jaffray downgraded Akorn from Overweight to Neutral. American Science & Engineering, Inc. (NASDAQ: ASEI) slipped 14.64 percent to $38.62. CRT Capital downgraded American Science from Fair Value to Sell. Silicom Ltd (NASDAQ: SILC) shares declined 13.89 percent to $38.06. Silicom reported Q1 adjusted earnings of $0.52 per share on revenue of $18.8 million. Merge Healthcare Inc. (NASDAQ: MRGE) shares dropped 12.09 percent to $5.31. Topeka Capital downgraded Merge Healthcare from Buy to Hold. Accuride Corporation (NYSE: ACW) shares slipped 10.06 percent to $4.29. Accuride reported a Q1 loss of $0.01per share on revenue of $183.7 million. Applied Materials, Inc. (NASDAQ: AMAT) shares fell 7.34 percent to $20.20 following the announcement of termination of business combination agreement with TOKYO ELECTRON LTD (OTC: TOELY). Deutsche Bank AG (USA) (NYSE: DB) shares slipped 4.23 percent to $32.81 on the announcement of business strategy. Deutsche Bank will spinoff Postbank branches in Germany via IPO. Marvell Technology Group Ltd. (NASDAQ: MRVL) shares dropped 1.15 percent to $14.14. Marvell Technology said Q1 revenue will be below its earlier forecast. Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga PRO: http://pro.benzinga.com 2015 Benzinga Newswires. Benzinga does not provide investment advice. All rights reserved.



 

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