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Stock Market & Financial Investment News

News Breaks
August 25, 2014
06:10 EDTESCAEscalade to focus on sporting goods segment
Escalade announced that its board has unanimously approved a plan to focus the company on the Sporting Goods segment. The company conducted a careful evaluation of each business unit with the objective of increasing shareholder value and redeploying capital where possible. The resulting plan includes the company's intent to sell the Information Security business. The decision to divest the Information Security business, coupled with the previously announced sale of its Print Finishing business on June 30, will represent the company's complete exit from the Information Security and Print Finishing segment. Timing for the divesture of the Information Security business will be determined by market conditions, but is expected to be completed within one year. Escalade believes its focus on the Sporting Goods segment will facilitate better deployment of company resources, increased market leadership and greater returns for shareholders.
News For ESCA From The Last 14 Days
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October 1, 2014
18:31 EDTESCAEscalade sells information security business
Escalade is pleased to announce the completion of the sale of its Information Security business on October 1. As previously announced in August, Escalade's strategic plan is to focus on its Sporting Goods business. The sale of its Information Security business, coupled with the sale of its Print Finishing business on June 30, accomplishes the company's complete exit from the Information Security and Print Finishing segment. Escalade believes the company's focus on the Sporting Goods segment will facilitate better deployment of company resources, increased market leadership, and greater returns for shareholders. Escalade sold its Information Security business, including the intimus product line, to an unaffiliated party that is a portfolio company of PHI Fund II, F.C.R. de Regimen Simplificado, a private investment firm based in Madrid, Spain. The sale was accomplished through the purchase and sale of the stock of the Escalade subsidiaries engaged in the Information Security business and of certain U.S. assets relating to that business. The purchase price was 750,000 Euros plus the assumption of certain related liabilities. Escalade was advised on the sale by the Munich, Germany based investment bank, Ferber & Co.
September 26, 2014
10:01 EDTESCAOn The Fly: Analyst Initiation Summary
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06:54 EDTESCAEscalade initiated with a Buy at Wunderlich
Target $16.
September 23, 2014
08:03 EDTESCACFA Society of Indianapolis to hold a conference
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