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Stock Market & Financial Investment News

News Breaks
February 18, 2014
06:12 EDTTATTTAT Technologies executes agreement to sell controlling interest in Bental
TAT Technologies announced that it has entered into an agreement to sell its entire interest in Bental Industries, constituting 70% of Bental's issued and outstanding share capital, to Bental Investments Agshah, for an aggregate consideration of $5M. Following such transaction, Bental Investments shall hold 100% of Bental's outstanding share capital. Closing of the transaction is expected to take place within the next several weeks and is conditioned upon the approval of the transaction by the Israeli Antitrust Authority. TAT's board will consider alternatives for the use of funds received as consideration in such transaction, including use of the consideration for future strategic acquisitions by TAT in order to enhance TAT's competitive advantages.
News For TATT From The Last 14 Days
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September 22, 2014
09:15 EDTTATTOn The Fly: Pre-market Movers
HIGHER: Sigma-Aldrich (SIAL), up 34% after Merck KGaA (MKGAY) to acquire the company for $17B... Viasystems (VIAS), up 44% after TTM Technologies (TTMI) acquires the company for $16.46 per share in cash and stock. TTM is up 15.5% after the deal... Clorox (CLX), up 5.4% after the New York Post said the company turned down offer to sell or merge with rival... EMC (EMC), up 2.5% after The Wall Street Journal said the company is considering options that could include merging with a rival and held on-and-off merger talks with Hewlett-Packard (HPQ) for almost a year, though the Journal added that those talks recently ended... Epiq Systems (EPIQ), up 9.9% after P2 Capital confirms 16.9% stake in Epiq and that the company turned down the shareholders' $20 per share takeover offer... Dresser-Rand (DRC), up 2.7% after the company sells to Siemens (SIEGY) for $83 per share or $7.6B... TAT Technologies (TATT), up 6.6% after a division of the company signed a maintenance agreement with Republic Airways (RJET). LOWER: Yahoo (YHOO), down 2.1% after stock was downgraded at Bank of America Merrill Lynch and at Bernstein... InvenSense (INVN), down 2.9% after downgraded at RW Baird... Threshold Pharmaceuticals (THLD), down 5.6% after TH-302 Phase 3 trial events to occur later than expected.
08:31 EDTTATTTAT Technologies subsidiary signs seven year landing gear support agreement
TAT Technologies announced that its wholly-owned subsidiary, Piedmont Aviation Component Services has signed a seven year landing gear Maintenance Support Agreement with Republic Airways Holdings, Inc. covering their Embraer E - 175 fleet. The agreement covers the current fleet of 160 aircraft and the total value may exceed $45M.
September 21, 2014
12:07 EDTTATTTAT Technologies unit signs maintenance agreement with Republic Airways
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