PAETEC Gets Contract, SIRI Gets Okay On Price Hike, Sun Healthcare Gaps Down

Aug. 1, 2011 - PRLog -- PAETEC Holding Corp ( PAET): PAET announced July 26 that the General Services Administration (GSA) of the U.S. Federal Government has awarded it a five year  contract for  voice, Internet and data services. The contract, called RLTC (Regional and Local Telephony Contract), represents multi-million dollar potential revenue annually, covering GSA's Region 2 including New York and New Jersey.

Today, Windstream Corp.  has entered into an agreement to acquire PAET which is based in Fairport, N.Y., in a transaction valued at approximately $2.3 billion.

Sirius XM Radio Inc(SIRI ): On July 27th, 2011, the FCC issued a memorandum  on if it would  allow the three year voluntary price freeze from SIRI to be lifted. The FCC stated it would not be extending the price freeze and the company is now allowed to raise prices as it sees fit. When SIRI approached the FCC about merging the two companies, they offered to freeze prices voluntarily for three years. The FCC put this condition in as a mandate to allow the merger. Now that the comment period on this ruling expiring has ended, the FCC has issued its official decision on the matter.

Sun Healthcare Group, Inc: (SUNH): Through its subsidiaries, SUNH provides health care services mostly for the senior population in the USA. Te Inpatient Services segment operates skilled nursing centers, assisted and independent living centers, and mental health centers providing services for individuals requiring assistance for activities in daily living.
Shares of SUNH gapped  down Monday morning with an open price 53.7% lower than Friday's closing price. The stock closed at $7 Friday and opened today's trading at $3.24.

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