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Stock Market & Financial Investment News

News Breaks
February 1, 2013
16:18 EDTCG, DDDuPont completes sale of Performance Coatings business
DuPont (DD) announced that it has completed the sale of DuPont Performance Coatings for $4.9B in cash, about $4B after-tax, and the assumption of certain liabilities to global alternative asset manager The Carlyle Group (CG). DPC is a global supplier of vehicle and industrial coating systems. "We intend to use a portion of the proceeds from the sale of the DPC business to buy back $1B of the company's common stock during the first half of this year," said executive VP and CFO Nicholas Fanandakis.
News For DD;CG From The Last 14 Days
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July 1, 2015
18:59 EDTCGCarlyle Group in talks for 37% stake in Metropolis Health, Times of India says
Carlyle Group is in advanced discussions to purchase a 37% stake in Metropolis Healthcare for RS900 crore, reports Times of India, citing people directly familiar with the matter. Sources said a deal could be reached within the next few weeks. Reference Link
08:08 EDTDDChemours begins independent trading after DuPont spin-off completion
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06:09 EDTDDDuPont completes spin-off of Chemours
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June 29, 2015
16:30 EDTDDDuPont CEO says hopes to work with Peltz in future
Says has spoken to Peltz since proxy fight. Ellen Kullman is speaking on CNBC.
06:07 EDTCGBMW, Macquarie expected to bid for ANZ Banking unit, Reuters reports
According to a source familiar of the situation, BMW and Macquarie Group are among the companies expected to make a bid for Australia and New Zealand Banking Group's car and equipment loan book, Reuters reports. Additionally, buyout firms Carlyle (CG), Blackstone (BX) and TPG have requested information memorandums for the sale. The unit could fetch more than the $6.35B book value of the loans, the source says. Reference Link
June 28, 2015
17:44 EDTCGCarlyle Group to invest $120M in Shanghai ANE Logistics
The Carlyle Group announced that it has agreed to invest approximately $120M into Shanghai ANE Logistics. The transaction is expected to close in Q3. Equity for the transaction will come from Carlyle Asia Partners IV.
June 24, 2015
06:56 EDTDDChemours initiated with an Underweight at JPMorgan
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June 23, 2015
18:00 EDTDDS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
June 22, 2015
07:55 EDTCGSotherly Hotels agrees to acquire remaining interest in Crowne Plaza Hollywood
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06:14 EDTDDChemours initiated with a Buy at Jefferies
Target $24. The DuPont (DD) Chemicals segment spinoff is trading when-issued until July 1.
June 21, 2015
19:55 EDTCGCarlyle Group commits up to $500M to Magna Energy
The Carlyle Group announced that it is committing an equity line up to $500M in Magna Energy, an upstream oil and gas company. Magna is targeting the building of acreage positions in the Indian subcontinent, with the objective of creating a full-cycle oil and gas company through acquisitions and local licensing rounds. Magna’s primary focus will be development and production with a secondary focus on exploration, said Carlyle.

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