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Stock Market & Financial Investment News

News Breaks
December 9, 2013
10:02 EDTJOYJoy Global volatility elevated into Q4 and outlook
Joy Global December weekly call option implied volatility is at 67, December is at 43, January is at 34, April is at 30; compared to its 26-week average of 34 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results on December 11.
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April 11, 2014
16:26 EDTJOYJoy Global acquires certain assets of Mining Technologies International
Joy Global announced that it entered into a definitive agreement to purchase certain assets of Mining Technologies International for $51M Canadian dollars. MTI is a Canadian manufacturer of underground hard rock mining equipment serving the North American markets and a world leading supplier of raise bore drilling consumables. The company is acquiring substantially all of the assets associated with MTIís hard rock drilling, loaders, dump trucks, shaft sinking, and raise bore product lines. MTI's fiscal 2013 revenues associated with these product lines were approximately $90M U.S. dollars. Excluding the impact of transaction costs and excess purchase accounting charges, the company expects the transaction to be accretive to earnings in 2015. Completion of the transaction is subject to customary closing conditions and is expected to occur within 90 days.
April 9, 2014
09:33 EDTJOYBofA/Merrill's industrial/mining analysts hold analyst/industry conference call
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