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Stock Market & Financial Investment News

News Breaks
January 3, 2014
08:32 EDTAMEAmetek acquires Teseq Group for $92M
Ametek announced that it has acquired Teseq Group, a manufacturer of test and measurement instrumentation for electromagnetic compatibility testing for $92M. Headquartered in Luterbach, Switzerland, the privately held company has annual sales of approximately $53M. Teseq manufactures a line of conducted and radiated EMC compliance testing systems and RF amplifiers for a wide range of industries, including aerospace, automotive, consumer electronics, medical equipment, telecommunications and transportation.
News For AME From The Last 14 Days
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November 13, 2014
13:52 EDTAMEAmetek earns 'solid' returns on acquisitions, says Oppenheimer
After Spruce Point Capital issued a negative report on Ametek, Oppenheimer offered a response and kept an Outperform rating on the stock. Opco says Ametek earns "solid" returns on acquisitions while its inventory turns remain consistent with historical levels. The firm says the report contains "arbitrary correlations." Shares of Ametek are down 4% to $50.13 in afternoon trading.
10:27 EDTAMEHigh option volume stocks
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09:37 EDTAMEAmetek mentioned cautiously by Spruce Point
Spruce Point issued a cautious report on Ametek and placed a "Strong Sell" rating and $27-$36 price target on the stock. Reference Link

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