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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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April 16, 2015
11:20 EDTJOYJoy Global management to meet with Jefferies
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April 10, 2015
09:02 EDTJOYJoy Global management to meet with Deutsche Bank
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April 9, 2015
08:40 EDTJOYJoy Global management to meet with Deutsche Bank
Meeting to be held in Singapore on April 9 hosted by Deutsche Bank.
April 8, 2015
10:21 EDTJOYJoy Global call activity attributed to renewed takeover speculation
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09:54 EDTJOYJoy Global spikes higher, levels to watch
The shares have spiked in the last 5 minutes, trading up over 2.2% to $39.78. At that price next resistance is at $41.66, the 50-day moving average. The 50-day is the downtrend resistance line on the 1-year chart. The spike is being attributed to unconfirmed takeover speculation.
09:48 EDTJOYRumor: Joy Global strength attributed to takeover speculation
The recent move higher in shares of Joy Global is being attributed to renewed takeover speculation in the name. The stock is up 1.5% to $39.44.
07:54 EDTJOYJoy Global management to meet with Deutsche Bank
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