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Stock Market & Financial Investment News

News Breaks
November 19, 2012
17:53 EDTPWR, DYDycom to acquire telecom services from Quanta Services for $27M in cash
Subject to customary closing conditions, the acquisition is expected to be completed by December 31. The acquired subsidiaries are currently expected to produce calendar year 2013 revenues ranging from $400M-$450M. Excluding one-time transaction and integration costs of approximately $12M-$15M, the acquisition is currently expected to produce 5c-10c per share of earnings accretion on an annual basis, after non-cash amortization expense.
News For DY;PWR From The Last 14 Days
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March 27, 2015
08:31 EDTPWRQuanta Services selected by SemGroup for Maurepas Pipelines Project
Quanta Services announced that Maurepas Pipeline, a subsidiary of SemGroup, selected Quanta Services for the Maurepas Pipelines Project. Quanta subsidiaries, including Price Gregory International, QPS Engineering and Quanta Capital Solutions, assisted with the development of the project for SemGroup and will provide engineering, procurement and construction services. Engineering, permitting, right of way acquisition and materials procurement has commenced. Construction is expected to begin in the third quarter of 2015 and completion is expected in the third quarter of 2016.
March 25, 2015
10:04 EDTPWRBB&T to hold a conference
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March 23, 2015
08:06 EDTDYDycom price target raised to $65 from $55 at FBR Capital
FBR Capital raised its price target for Dycom to $65 saying the FCC's Connect America Fund is an upcoming catalyst that is not yet appreciated. FBR expects the FCC over the next few months to begin shifting $9B over five years from rural subsidies in the Universal Services Fund to the Connect America Fund and its awardees. It believes the Phase II of the fund could add organic revenue growth to Dycom of approximately 5% per year starting in 2016 and develop into a multi-hundred-million-dollar opportunity annually through 2020. It keeps an Outperform rating on the stock.

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