New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 10, 2012
08:33 EDTCORECore-Mark acquires J.T. Davenport & Sons for $45M to add over $600M in revenues
Core-Mark Holding announced that it has signed a Definitive Stock Purchase Agreement to acquire J.T. Davenport & Sons located in Sanford, North Carolina. The transaction is structured as an all-cash stock acquisition pursuant to which Davenport will become a wholly-owned, indirect subsidiary of Core-Mark. The purchase price is estimated to be approximately $45M, predicated on the value of certain assets and liabilities to be determined at closing. No debt is being assumed in this transaction. Core-Mark will fund this purchase with a combination of cash on hand and borrowings under its $200M revolving credit facility. The deal is expected to close by the end of 2012 and is expected to be accretive in 2013, excluding approximately $2.5M in start-up and conversion costs, a portion of which will be incurred in 2012.
News For CORE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 24, 2015
06:24 EDTCORECore-Mark management to meet with Stephens
Meeting to be held in Canada on September 29 hosted by Stephens.
September 21, 2015
19:03 EDTCOREOn The Fly: After Hours Movers
HIGHER: Transenterix (TRXC), up 7.14% after acquiring the surgical robotics division of SOFAR S.p.A for $99.8M... Solera Holdings (SLH), higher by 3.56% after a report that IHS (IHS) is exploring a counteroffer for the company... Core-Mark Holding Company (CORE), up 3.93% after joining the S&P 600. DOWN AFTER EARNINGS: Thor Industries (THO), down 4.16%... ALSO LOWER: Memorial Resource Development Corp. (MRD), down 4.26% after filing to sell 10.25M shares of common stock... Intra-Cellular Therapies (ITCI), down 1.73% after filing to sell $300M of common stock... The J. M. Smucker Company (SJM), down 1.75% after filing to sell 8.28M shares of common stock for holders.
18:20 EDTCORES&P announces changes to the S&P 400, 600 indices
Subscribe for More Information
17:22 EDTCORECore-Mark to replace Toro Company in S&P 600 as of 9/24 close

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use