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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.
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August 27, 2014
09:02 EDTJOYJoy Global September volatility elevated into Q3 and guidance
Joy Global September weekly call option implied volatility is at 37, October is at 27, January is at 25; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into its release of Q3 results on September 4.

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