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Stock Market & Financial Investment News

News Breaks
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.
News For JOY From The Last 14 Days
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August 28, 2015
08:33 EDTJOYJoy Global volatility elevated into Q3 and outlook
Joy Global September weekly call option implied volatility is at 63, September is at 56 October is at 54; compared to its 52-week range of 23 to 65, suggesting large near term price movement into the expected release of Q3 results on September 3.
August 21, 2015
16:02 EDTJOYJoy Global COO Randal Baker to depart company
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10:02 EDTJOYOn The Fly: Analyst Initiation Summary
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08:26 EDTJOYJoy Global initiated with a Buy at Axiom
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