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Stock Market & Financial Investment News

News Breaks
December 30, 2012
14:19 EDTNRNewpark Resources to purchase Alliance Drilling Fluids
Newpark Resources announced that it has entered into a definitive agreement to acquire substantially all assets and operations of Alliance Drilling Fluids, a provider of drilling fluids, proppants, and related services headquartered in Midland, Texas. Under the terms of the agreement, cash consideration at closing is expected to be approximately $53M, subject to typical adjustments for actual working capital conveyed. Additional consideration up to $4.3M may be payable based on the profitability of the proppant business over the two year period following the acquisition. Alliance recorded revenues of $89M and operating income of $14M for the year ended December 31, 2011, of which approximately 50% of revenue and 40% of operating income was attributable to the proppant business. The transaction will be funded through borrowings on Newpark's revolving credit facility and is expected to close on December 31.
News For NR From The Last 14 Days
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June 25, 2015
10:00 EDTNROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at BofA/Merrill... Eli Lilly (LLY) upgraded to Buy, added to US 1 List at BofA/Merrill... Finish Line (FINL) upgraded to Buy from Neutral at B. Riley... Gran Tierra (GTE) upgraded to Buy from Hold at Canaccord... Greenhill & Co. (GHL) upgraded to Buy from Sell at Goldman... Magnum Hunter (MHR) upgraded to Equalweight from Underweight at Capital One... Marathon Oil (MRO) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Strong Buy from Outperform at Raymond James... Office Depot (ODP) upgraded to Outperform from Market Perform at Telsey Advisory... Quanex (NX) upgraded to Outperform from In-Line at Imperial Capital... Vestas Wind (VWDRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Web.com (WWWW) upgraded to Buy from Neutral at B. Riley... NRG Yield upgraded to Outperform from Market Perform at Avondale.
06:27 EDTNRNewpark Resources upgraded to Strong Buy from Outperform at Raymond James

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