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Stock Market & Financial Investment News

News Breaks
March 13, 2014
14:02 EDTEMNEastman Chemical to acquire Commonwealth Laminating & Coating
Eastman Chemical announced that it has entered into a definitive agreement to acquire Commonwealth Laminating & Coating. The company, which had 2013 sales revenue of approximately $100M, is an independent manufacturer and global marketer and distributor of window films and specialty films for automotive, architectural, and protective applications. The acquisition will include Commonwealth's manufacturing facility and master distribution center in Martinsville, VA, and nine sales distribution centers that serve the global market. With the addition of Commonwealth's expertise, paint protection technology, brand and channels, and experienced workforce, Eastman expects continued growth in its performance films products. Subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions, the acquisition is expected to be completed in the second half of 2014. Terms of the transaction were not disclosed. The acquired business is expected to be accretive to the first full- year of earnings post-acquisition, excluding acquisition-related costs and charges. Following the completion of the transaction, the acquired business will become part of Eastman's Advanced Materials segment.
News For EMN From The Last 14 Days
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July 30, 2014
10:00 EDTEMNOn The Fly: Analyst Downgrade Summary
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07:24 EDTEMNEastman Chemical management to meet with Deutsche Bank
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07:10 EDTEMNEastman Chemical downgraded to Neutral from Buy at SunTrust
07:05 EDTEMNEastman Chemical sell-off yesterday unwarranted, says Deutsche Bank
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06:56 EDTEMNEastman Chemical share pullback overdone, says Citigroup
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July 28, 2014
18:31 EDTEMNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Cognex (CGNX), up 16.4% after reporting second quarter results and third quarter revenue guidance above analyst expectations... HealthSouth (HLS), up 7.4% after reporting second quarter results and increasing fiscal 2014 EPS and Adjusted EBITDA guidance... Amkor Technology (AMKR), up 6.4%... Integrated Device (IDTI), up 7.6% after reporting first quarter results... Masco (MAS), up 4.8%. ALSO HIGHER: Darden Restaurants (DRI), up 4.6% following the company's announcement that chairman and CEO Clarence Otis will step down and the board will separate the chairman and CEO roles, appointing lead independent director Charles Ledsinger, Jr., as independent non-executive chairman... Arrowhead Research (ARWR), up 16.5% following positive comments made by CEO Christopher Anzalone, Ph.D. in an interview on CNBC. DOWN AFTER EARNINGS: Herbalife (HLF), down 11.5% after reporting disappointing second quarter results and giving guidance for the third quarter and fiscal 2014... Alliance Fiber Optic (AFOP), down 9.7%... Plum Creek Timber (PCL), down 2.8%... Eastman Chemical (EMN), down fractionally after reporting quarterly results. ALSO LOWER: TCP Capital (TCPC), down 3.1% after filing to sell $5.4M shares of common stock.
17:25 EDTEMNEastman Chemical backs FY14 EPS $6.70-$7.00, consensus $6.92
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17:25 EDTEMNEastman Chemical reports Q2 EPS $1.92, consensus $1.84
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15:47 EDTEMNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include General Growth Properties (GGP), consensus 30c; Eastman Chemical (EMN), consensus $1.84; Range Resources (RRC), consensus 40c; XL Group (XL), consensus 83c; Plum Creek Timber (PCL), consensus 30c; Masco (MAS), consensus 28c; Jacobs Engineering (JEC), consensus 80c; Herbalife (HLF), consensus $1.57; W.R. Berkley (WRB), consensus 77c; HEALTHSOUTH (HLS), consensus 47c; Denny's (DENN), consensus 8c; Integrated Device Technology (IDTI), consensus 16c; Advent Software (ADVS), consensus 34c; Tile Shop Holdings (TTS), consensus 11c; Meru Networks (MERU), consensus (11c); Crane Co. (CR), consensus $1.16.

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