New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on MIC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 16, 2014
09:22 EDTMICMacquarie Infrastructure price target raised to $72-$75 from $62-$68 at Wells Fargo
Wells Fargo increased its price target on Macquarie Infrastructure as the firm is upbeat on the company's deal to acquire the 50% of International-Matex Tank Terminals it does not currently own. The firm raised its estimates on Macquarie Infrastructure and keeps an Outperform rating on the shares.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use