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Stock Market & Financial Investment News

News Breaks
July 7, 2014
16:23 EDTMICMacquarie Infrastructure to acquire remainder of IMTT for $1.025B in cash, stock
Macquarie Infrastructure Company, or MIC, announced that it has entered into an agreement to acquire the 50% of International-Matex Tank Terminals, or IMTT, it does not currently own. Under the terms of the agreement, MIC will purchase the remainder interest from members of the business’ founding family for $910M in cash and $115M in stock. MIC acquired its initial 50% stake in IMTT in May of 2006. MIC expects the acquisition to be accretive to its Free Cash Flow per share in 2014. The company does not expect the transaction to close before late July.
News For MIC From The Last 14 Days
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May 21, 2015
07:08 EDTMICMacquarie Infrastructure completes conversion from LLC to corporation
Macquarie Infrastructure announced that it has successfully completed a planned conversion to a Delaware corporation from a Delaware limited liability company. The conversion was effective at 12:01am on May 21. The conversion had no impact on the business or management of the company and has been treated as a tax-free exchange under relevant Internal Revenue Service regulations.
May 12, 2015
07:37 EDTMICOppenheimer to hold a conference
10th Annual Industrial Growth Conference is being held in New York on May 12-13 with webcasted company presentations to begin on May 12 at 8:15 am; not all company presentations may be webcasted. Webcast Link

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