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Stock Market & Financial Investment News

News Breaks
January 2, 2013
08:02 EDTINTWorld Fuel Services completes acquisition of Multi Service assets
World Fuel Services has completed the previously announced acquisition of select assets of Multi Service Corporation, a global transaction management company specializing in fleet, government, and commercial payment programs. The transaction is expected to be 12c-16c accretive to earnings on a GAAP basis in the first twelve months. Non-GAAP accretion, which excludes amortization of acquired intangible assets of approximately 4c per share, is expected to be 16c-20c in the first twelve months. In conjunction with this acquisition, the company will record one-time transaction-related expenses of approximately $2.8M in 4Q12.
News For INT From The Last 14 Days
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April 19, 2015
13:16 EDTINTWorld Fuel Services could rise 15%, Barron's says
Shares of World Fuel Services could rise as much as 15% in the coming months, Barron's contends in a feature article. Following the bankruptcy of its competitor O.W. Bunker, World Fuel has gained price flexibility and its customers may look to increase fuel purchases to hedge against volatile oil swings, Barron's argues. Reference Link

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