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Stock Market & Financial Investment News

News Breaks
November 9, 2012
16:04 EDTPCP, TIETitanium Metals to be acquired by Precision Castparts for $16.50 per share
Titanium Metals Corporation (TIE) announced that it has entered into a definitive merger agreement under which Precision Castparts Corp. (PCP) has agreed to acquire all of the common stock of Titanium Metals for $16.50 per share in cash. The total equity value of the transaction is approximately $2.9B. The cash consideration represents a premium of 36% over the 30-day average of Titanium Metals shares and a 44% premium to the closing price of Titanium Metals shares on November 8. Under the terms of the merger agreement, PCC will commence by November 20, an all-cash tender offer to acquire 100% of the outstanding common stock of Titanium Metals for $16.50 per share, net to the tendering holder in cash.
News For TIE;PCP From The Last 14 Days
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January 23, 2015
10:02 EDTPCPOn the Fly: Analyst Downgrade Summary
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09:48 EDTPCPPrecision Castparts upgraded to Buy from Neutral at Northcoast
Northcoast upgraded Precision Castparts to Buy based on valuation.
06:49 EDTPCPPrecision Castparts downgraded to Neutral from Outperform at Credit Suisse
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06:43 EDTPCPPrecision Castparts downgraded to Neutral from Buy at Sterne Agee
January 22, 2015
13:18 EDTPCPPrecision Castparts downgraded to Market Perform from Outperform at Cowen
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05:44 EDTPCPPrecision Castparts sees FY16 EPS to be below previous guidance of $15.50-$16.50
FY16 EPS consensus of $15.12. Expects FY16 EPS from continuing operations to demonstrate growth over FY15. Expects FY16 growth to be driven by effective leverage of IGT market share gains, aerospace build rate expansions, initial production of next-generation engines, and strong cash generation and deployment to acquisitions and share repurchases. Uncertainties that impact FY15 and FY16 outlooks include military demand, customer inventory management, oil & gas demand and items such as currency and pension expense.
05:42 EDTPCPPrecision Castparts sees FY15 EPS cont ops $12.80-$12.90, consensus $13.32
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05:41 EDTPCPPrecision Castparts reports Q3 EPS cont ops $3.09, consensus $3.17
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January 21, 2015
15:27 EDTPCPNotable companies reporting before tomorrow's open
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08:30 EDTPCPPrecision Castparts added to US 1 List at BofA/Merrill
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January 20, 2015
07:12 EDTPCPPrecision Castparts price target lowered to $244 from $274 at RBC Capital
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January 18, 2015
16:54 EDTPCPPrecision Castparts looks like a bargain, Barron's says
Precision Castparts looks like a bargain and current levels could be an entry opportunity for long-term investors, Barron's contends in its 'The Trader' column. Reference Link

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