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Stock Market & Financial Investment News

News Breaks
February 11, 2014
08:03 EDTNNBRNN increases dividend to 7c from 6c
NN announced its Board of Directors declared a quarterly cash dividend of 7c per common share. The dividend will be paid on March 14 to shareholders of record as of the close of business on February 28. Company commented, "We are pleased to announce the increase in our dividend from 6c per common share to 7c per common share. This action, in combination with our recent announcement of the acquisition of the assets of V-S Industries, illustrates key elements of our new strategic plan."
News For NNBR From The Last 14 Days
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July 22, 2014
09:22 EDTNNBRNN, Inc. price target raised to $39 from $28 at KeyBanc
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July 21, 2014
08:18 EDTNNBRNN, Inc. agrees to acquire Autocam
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July 15, 2014
13:40 EDTNNBRNN, Inc. acquires Chelsea Grinding Company, terms not disclosed
NN, Inc. announced that it has acquired the assets of Chelsea Grinding Company. Chelsea is a manufacturer of cylindrical rollers used primarily in the hydraulic pump industry. Financial terms of the deal were not disclosed. Chelsea, a privately-held company located in Jackson, Michigan, had sales of approximately $2.3M in 2013. Its products are used mainly in roller vane pumps for the hydraulic pump market as well as torsion bars in the automotive market. NN will roll up Chelsea's operations under its NN Metal Bearing Components Group.

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