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Stock Market & Financial Investment News

News Breaks
July 18, 2014
10:03 EDTAMH, RECN, ITVPF, BC, ESYJY, PLXS, CFX, ANDE, SASR, OLN, BURBYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Homes 4 Rent (AMH) upgraded to Strong Buy from Outperform at Raymond James... Andersons (ANDE) upgraded to Buy from Hold at BB&T... Brunswick (BC) upgraded at B. Riley... Burberry (BURBY) upgraded to Outperform from Neutral at Exane BNP Paribas... Colfax (CFX) upgraded at Stifel... ITV Plc (ITVPF) upgraded to Neutral from Sell at Citigroup... Olin Corp. (OLN) upgraded to Neutral from Underperform at Macquarie... Plexus (PLXS) upgraded to Buy from Neutral at Longbow... Resources Connection (RECN) upgraded to Outperform from Neutral at RW Baird... Sandy Spring Bancorp (SASR) upgraded at RW Baird... Seagate (STX) upgraded to Buy from Hold at Craig-Hallum... easyJet (ESYJY) upgraded to Outperform from Sector Perform at RBC Capital.
News For AMH;ANDE;BC;BURBY;CFX;ITVPF;OLN;PLXS;RECN;SASR;ESYJY From The Last 14 Days
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May 27, 2015
08:31 EDTANDEAndersons management to meet with CL King
Meeting to be held in Chicago on May 28 and in Denver on May 29 hosted by CL King.
May 26, 2015
08:38 EDTBCBrunswick sees $270M-$290M in net proceeds from bowling products divestiture
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May 21, 2015
17:39 EDTANDEAndersons CEO dismisses takeover possibility, Reuters says
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07:14 EDTANDEBMO Capital to hold a conference
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May 20, 2015
07:14 EDTCFXElectric Products Group to hold a conference
EPG 2015 is being held in Longboat Key, Florida on May 18-20 with webcasted company presentations to begin on May 20 at 7:30 am; not all company presentations may be webcasted. Webcast Link
05:57 EDTANDEAndersons won't make a profit from Kay Flo purchase in 2015, Reuters reports
Andersons COO Hal Reed says the company will not profit from the Kay Flo Industries acquisition in 2015 because the "generation of gross profit (in U.S. fertilizer sales) comes in the spring season," Reuters reports, citing comments made on a conference call discussing the deal. However, Reed does not expect that the loss related to the acquisition will be "terribly significant." Reference Link
May 19, 2015
05:32 EDTANDEAndersons to host conference call
Conference call to discuss agreement to acquire Kay Flo Industries' plant nutrient business will be held on May 19 at 4 pm. Webcast Link
May 18, 2015
16:14 EDTCFXColfax announces acquisition of Roots blowers & compressors
Colfax Corporation (CFX) announced that it has entered into a binding agreement to acquire the Roots blowers and compressors business unit , also known as Industrial Air & Gas Technologies, from GE (GE) Oil & Gas for a cash consideration of $185M. Roots is a leading supplier of blower and compressor technologies which service a broad range of end markets, including water treatment, chemical production, and power generation. This acquisition will build on Howden's global strength in compressors and blowers and will add important application expertise and product solutions to the portfolio. In 2014, Roots had approximate revenues of $155 million and EBITDA of $22M. In making the announcement, Steve Simms, President and Chief Executive Officer of Colfax, stated, "I am delighted to welcome the Roots team to Colfax. We are excited by the opportunities created by combining the Roots capabilities and application expertise with Howden's global footprint and continuous improvement culture. Like Howden, the Roots business has spent more than 150 years developing market leading products and solutions, and we look forward to continuing to innovate and grow." Mr. Simms continued, "Strengthening our businesses through bolt-on acquisitions is a core part of our strategy, and we continue to see a robust pipeline of opportunities."Closing of the acquisition is expected early in the third quarter following the fulfillment of certain conditions.
16:03 EDTANDEAndersons purchases Kay Flo Industries plant nutrient business
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