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Stock Market & Financial Investment News

News Breaks
December 27, 2012
16:07 EDTARGAirgas acquires Texas-based D&D Power
Airgas announced that Red-D-Arc, an Airgas company, has acquired D&D Power, a Texas-based equipment rental and services business which provides mobile power generation and light towers, as well as preventative maintenance and other services, to the oil and gas exploration and production industry. D&D Power generated annualized revenues of approximately $25M in calendar year 2012.
News For ARG From The Last 14 Days
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May 29, 2015
10:01 EDTARGOn The Fly: Analyst Downgrade Summary
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08:28 EDTARG, ARGAirgas downgraded to Underperform from Outperform at CLSA
CLSA downgraded Airgas to Underperform and lowered its price target to $110 from $125. The firm lowered estimates to reflect a slowdown in growth and volumes, which is not fully discounted in valuation.
May 28, 2015
08:32 EDTARGAirgas announces $500M stock repurchase program
Airgas announced a program to repurchase up to $500 million of its outstanding shares of common stock. As of May 27, 2015, Airgas had approximately 75.5 million common shares outstanding. “Airgas is well-positioned for sustained long-term growth, and this share repurchase program reflects our confidence in the future,” said Airgas Executive Chairman Peter McCausland. “Our balance sheet is solid, and we continue to generate strong cash flow, which affords us the opportunity to not only consistently grow our dividends but also repurchase shares and realize attractive earnings per share accretion.”

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