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Stock Market & Financial Investment News

News Breaks
August 5, 2014
07:12 EDTALG, PNR, MBII, REGI, MOS, TITN, BG, SANW, MWIV, MON, LNN, AVD, GPREPiper Jaffray to hold a conference
Agriculture & Animal Health Investor Day to be held in Minneapolis on August 5.
News For MWIV;REGI;GPRE;SANW;MBII;AVD;BG;PNR;LNN;TITN;ALG;MON;MOS From The Last 14 Days
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January 30, 2015
16:12 EDTSANWS&W Seed files to sell 13.3M shares of common stock for holders
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10:00 EDTPNROn The Fly: Analyst Initiation Summary
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January 29, 2015
16:07 EDTPNRPentair initiated with a Neutral at Sterne Agee
Target $69.
10:57 EDTMOSJP Morgan reports 6.3% passive stake in Mosaic
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January 28, 2015
11:53 EDTREGIRenewable Energy management to meet with Roth Capital
Meetings to be held in Chicago on February 3 and in St. Louis on February 4 hosted by Roth Capital.
07:07 EDTMWIVAmerisourceBergen sees FY15 adjusted EPS $4.45-$4.55, consensus $4.51
Sees FY15 revenue growth 10%-11%, consensus $128.9B. Adjusted operating income growth in the 9 percent to 11 percent range; Flat adjusted operating margin; Free cash flow generation in the range of $1.8 billion to $2.0 billion; Capital expenditures in the $250 million range; Regular share repurchases of approximately $200 million; and Special share repurchases of approximately $400 million. In addition, sees acquisition of MWI (MWIV) will contribute an incremental 8 cents of adjusted diluted earnings per share in the second half of fiscal 2015.
07:04 EDTMWIVAmerisourceBergen sees MWI Veterinary Supply deal closing in March quarter
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January 26, 2015
08:09 EDTSANWS&W Seed to sell farmland in Calipatria for $7.3M
S&W Seed announced the Company has entered into agreements to sell 759 acres of farmland in Calipatria, California, as well as 30 acres of farmland in Five Points, California, for $7.3M combined. Concurrently, the Company has signed an agreement with the purchaser of the Calipatria farmland for continued alfalfa seed production of the Company's proprietary alfalfa seed varieties on a contracted basis. Following the repayment of the existing $2.3M mortgage on the Calipatria farmland, the Company will utilize the remaining proceeds to prepay $5.0M of the convertible debentures recently issued in connection with the Company's acquisition of DuPont Pioneer's alfalfa seed production and research assets, reducing interest expense and potential dilution associated with the convertible debentures. The farmland sales are expected to close during the Company's third quarter ending March 31. The Company will receive net cash proceeds from the farmland sales of approximately $5.0M following the repayment of the existing $2.3M mortgage on the Calipatria farmland, and will record an estimated one-time charge of $500,000 for unrecovered stand establishment and growing crop costs that were incurred on the farmland being sold prior to farming revenues being received. This one-time charge will be recognized in the Company's second quarter. The Company will also record a $126,000 gain on the sale of the farmland in Five Points during the Q3. Additionally, the reduction of debt is estimated to reduce interest expense by approximately $460,000 over the next 12 months.
07:33 EDTMWIVAmerisourceBergen commences tender offer to acquire MWI Veterinary Supply
AmerisourceBergen (ABC) announced that it has commenced a tender offer to purchase all outstanding shares of MWI Veterinary Supply (MWIV) for $190.00 per share, net to the seller in cash, without interest, less any applicable withholding taxes. The tender offer is being made pursuant to the merger agreement entered into by AmerisourceBergen and MWI and announced on January 12. Unless extended, the tender offer will expire at 11:59 p.m., New York City time, on February 23. The completion of the tender offer is subject to the tender of at least a majority of MWI’s outstanding shares of common stock and other customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
January 23, 2015
07:02 EDTLNNLindsay Corp. comples acquisition of Elecsys
Lindsay Corporation (LNN) announced the completion of its acquisition of Elecsys Corporation (ESYS), a provider of machine-to-machine technology solutions and custom electronic systems. Elecsys shareholders will receive $17.50 per share in cash for each share of common stock they owned as of the effective time of the merger, without interest and less any applicable withholding taxes. The agreement was announced on November 4, 2014 and approved at a special meeting of Elecsys stockholders held on January 22, 2015 by over 99% of shares voted. Headquartered in Olathe, KS, Elecsys will continue to be operated by its current management team. As a result of the merger, the common stock of Elecsys will no longer be listed for trading on the NASDAQ exchange as of January 23.
January 22, 2015
10:03 EDTPNROn the Fly: Analyst Initiation Summary
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10:03 EDTPNROn the Fly: Analyst Downgrade Summary
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08:39 EDTMBIIMarrone Bio REGALIA MAXX biofungicide approved for new uses in Canada
Marrone Bio announced that its REGALIA MAXX biofungicide has received approval for new uses in Canada. REGALIA MAXX is a plant extract-based advanced biofungicide that activates plants' natural defenses to boost plant vigor, combat fungal and bacterial diseases, and enhance yield potential. The recently approved new uses for REGALIA MAXX in Canada include outdoor and greenhouse grown ornamental plants, annual and perennial flower plants, greenhouse grown peppers, and outdoor grown highbush blueberries, apples and turf. Health Canada's Pest Management Regulatory Agency initially approved REGALIA MAXX biofungicide in April 2012 for outdoor and greenhouse use on a variety of fruits and vegetables, as well as on wheat and ornamentals.
06:33 EDTPNRPentair downgraded to Neutral from Outperform at RW Baird
January 21, 2015
16:12 EDTPNRPentair initiated with a Neutral at UBS
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January 20, 2015
08:26 EDTMOSAgrium preferred over Potash, Mosaic at Canaccord
Canaccord said they prefer Agrium (AGU) over both Potash (POT) and Mosaic (MOS). Mosaic raised its guidance due to its phosphate business, but with a lack of catalysts expected in the potash market in 2015 the firm continues to see solid growth volume, increasing nitrogen margins, and free cash flow expansion for Agrium. Canaccord maintains its Buy rating on Agrium and its Hold rating on both Mosaic and Potash shares.
January 19, 2015
16:29 EDTMOSMosaic expects 'further business strength' into 2015
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16:28 EDTMOSMosaic raises Q4 EPS outlook to 83c-88c, consensus 57c
The Mosaic Company announced that it expects reported phosphates volume and phosphates and potash margins to exceed previously provided guidance ranges, and that potash volumes will be at the high end of guidance range, resulting in Q4 earnings per share in the range of 93c-98c, including 10c in net benefits from notable items. The notable items include early estimates of discrete tax benefits, primarily related to the acquisition of a Brazilian distribution business, which may change. The company expect earnings, excluding notable items, to be in the range of 83c-88c. The consensus EPS estimate is 57c..Mosaic stated, "Demand for potash and phosphates exceeded our expectations during the fourth quarter,. We were cautiously optimistic going into the fall application season with good crop nutrient affordability and an empty supply chain, but customers came to the market in force, as they sought to position inventory in anticipation of a strong spring season and increasing crop nutrient prices...Our Phosphates business sold 3.3 million tonnes of finished product during the quarter - well above our expectations - and our Potash business produced at a high operating rate due to a successful proving run at the Colonsay mine." Mosaic's peers include Potash (POT) and Agrium (AGU).

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