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Stock Market & Financial Investment News

News Breaks
January 8, 2013
07:05 EDTDRCDresser-Rand downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Dresser-Rand citing valuation and concerns over 2013 guidance. The firm keeps a $63 price target for shares.
News For DRC From The Last 14 Days
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September 19, 2014
17:10 EDTDRCGeneral Electric considers deal with Dresser-Rand, FT reports
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16:25 EDTDRCGeneral Electric said in talks with Dresser-Rand on potential deal, FT reports
16:17 EDTDRCOn The Fly: Closing Wrap
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12:40 EDTDRCOn The Fly: Midday Wrap
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09:56 EDTDRCDresser-Rand downgraded to Sell from Buy at Gabelli
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09:19 EDTDRCOn The Fly: Pre-market Movers
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07:43 EDTDRCDresser-Rand volatility expected to move on Siemens is preparing offer report
Dresser-Rand (DRC) volatility is expected to move on Siemens (SIEGY) is preparing to offer more than $6.5B, or at least $85 per share, Bloomberg reports, citing people familiar with the plan. Overall option implied volatility of 38 compares to its 26-week average of 31 according to Track Data, suggesting large price movement.
06:44 EDTDRCSiemens preparing at least $85/share bid for Dresser-Rand, Bloomberg says
Siemens (SIEGY) is preparing to offer more than $6.5B, or at least $85 per share, for Dresser-Rand (DRC), Bloomberg reports, citing people familiar with the plan. Siemens is looking to offer a competing bid to Sulzer's for Dresser-Rand. Germany's Sulzer confirmed it was in takeover talks with Dresser-Rand on Wednesday. Siemensís supervisory board could vote on whether to submit a formal bid at a September 24 meeting, Bloomberg added, citing a source. Shares of Dresser-Rand closed yesterday up 22c to $73.03. Analysts at William Blair yesterday said the company could be worth in the upper $80's to $100 per share in a takeover.
06:35 EDTDRCReport says Siemens planning Dresser-Rand bid, Reuters says
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September 18, 2014
07:16 EDTDRCDresser-Rand could be worth upper $80s to $100 in deal, says William Blair
William Blair raised its price target for Dresser-Rand shares to $82 from $70 citing increasingly likelihood of a merger transaction after Sulzer confirmed itís in talks to acquire the company. The firm believes a deal, should it occur, could bring upside to its new target. William Blair says its initial accretion analysis for a combined Dresser-Rand and Sulzer yields valuations for Dresser shares in the upper $80's to $100 range. It keeps an Outperform rating on the stock. Dresser closed yesterday up 7%, or $4.93, to $72.81.
September 17, 2014
11:28 EDTDRCSulzer confirms talks with Dresser-Rand over potential merger
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11:26 EDTDRCSulzer confirms talks with Dresser-Rand over potential merger
11:19 EDTDRCDresser-Rand, Sulzer said to plan merger, Bloomberg reports
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September 16, 2014
16:28 EDTDRCDresser-Rand initiated with a Buy at KeyBanc
Target $80.

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