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News Breaks | | | | November 9, 2012 | | 16:04 EDT |  | TIE, PCP | Titanium 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. | |
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News For TIE;PCP From The Last 14 Days Check below for free stories on TIE;PCP the last two weeks. |
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| May 16, 2013 | | 09:35 EDT |  | PCP | Precision Castparts initiated with a Buy at Topeka
Target $255. | | | May 10, 2013 | | 09:18 EDT |  | PCP | Precision Castparts price target raised to $247 from $217 at Sterne Agee
Sterne Agee increased its price target on Precision Castparts after the company reported higher than expected Q4 EPS but lower than expected revenue. The firm thinks the results were strong and keeps a Buy rating on the stock. | | | May 9, 2013 | | 06:07 EDT |  | PCP | Precision Castparts reports Q4 EPS $2.82, consensus $2.76
Reports Q4 revenue $2.44B, consensus $2.51B. | | | May 8, 2013 | | 15:29 EDT | | PCP | Notable companies reporting before tomorrow's open
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