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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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July 24, 2015
07:44 EDTAIRMAir Methods should consider buybacks or exploring alternatives, says Stephens
Stephens noted the discount at which Air Methods trades compared to the multiple paid recently for its largest competitor and believes the company should "strongly consider" either share buybacks or exploring its strategic alternatives. The firm, which added that the deteriorating insured collection rate that Air Methods pointed to in its negative earnings preannouncement plays into the short thesis on the stock, keeps an Overweight rating on shares but lowered its price target to $49 from $58.
July 23, 2015
16:10 EDTAIRMAir Methods sees Q2 EPS 67c-69c, consensus 83c
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16:00 EDTAIRMAir Methods trading halted, pending news

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