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Stock Market & Financial Investment News

News Breaks
December 21, 2012
08:08 EDTAIRMAir Methods acquires Sundance Helicopters for $44M
Air Methods announced that it has entered into a definitive stock purchase agreement to acquire all of the outstanding shares of capital stock of Sundance Helicopters. Air Methods will acquire Sundance for an aggregate purchase price of $44M in cash on a debt-free basis, subject to working capital and other adjustments as provided in the stock purchase agreement. Air Methods believes this acquisition will be accretive to earnings per share. Upon closing, Sundance will become a wholly owned subsidiary of Air Methods. The transaction is contingent upon certain closing conditions described in the stock purchase agreement and the aircraft sale and purchase agreement, and the transaction is expected to close December 31.
News For AIRM From The Last 14 Days
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March 4, 2015
16:04 EDTAIRMAir Methods to purchase 200 helicopters from Textron's Bell Helicopter
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07:48 EDTAIRMTextron unit, Air Methods reach agreement for 200 Bell 407GXP helicopters
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February 26, 2015
16:10 EDTAIRMAir Methods provides update on preliminary January flight volume
The company also provided an update on preliminary January flight volume and net revenue per patient transport. Total community-based transports during January 2015 were mostly unchanged at 4,534 compared with 4,542 during January 2014. Same-Base Transports for January decreased 335 transports, or 8%, while weather cancellations for these same bases increased by 365 transports. Preliminary net revenue per patient transport during January 2015 increased 15% to $12,740 compared with $11,074 during January 2014. The company also announced that community-based transports for February to date reflect a 13% increase, due in part to reduction in weather cancellations month to date.
16:09 EDTAIRMAir Methods reports Q4 EPS 59c, consensus 47c
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