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Stock Market & Financial Investment News

News Breaks
November 9, 2012
16:04 EDTTIE, PCPTitanium 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 29, 2016
10:05 EDTPCPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abbott (ABT) downgraded to Market Perform from Outperform at William Blair... Chuy's (CHUY) downgraded to Market Perform from Outperform at Raymond James... Cypress Semiconductor (CY) downgraded to Neutral from Buy at Sterne Agee CRT... Darden (DRI) downgraded to Underperform from Market Perform at Raymond James... Dominion (D) downgraded to Neutral from Buy at UBS... Ensco (ESV) downgraded to Neutral from Buy at Citi... First Financial (FFIN) downgraded to Sell from Hold at Sandler O'Neill... Global Partners (GLP) downgraded to Neutral from Overweight at Mitsubishi UFJ... Investors Bancorp (ISBC) downgraded to Sell from Neutral at Compass Point... NetScout (NTCT) downgraded to Hold from Buy at Needham... Precision Castparts (PCP) downgraded to Sell from Buy at Gabelli... Spirit AeroSystems (SPR) downgraded to Sell from Neutral at Goldman... Synaptics (SYNA) downgraded to Buy from Strong Buy at Needham... Terex (TEX) downgraded to Market Perform from Outperform at Avondale... UniCredit (UNCFF) downgraded to Hold from Buy at Berenberg... United Rentals (URI) downgraded to Neutral from Positive at Susquehanna... Xcel Energy (XEL) downgraded to Neutral from Outperform at Macquarie.
08:10 EDTPCPPrecision Castparts downgraded to Sell from Buy at Gabelli
Gabelli downgraded Precision Castparts to Sell from Buy to reflect the acquisition by Berkshire Hathaway and the expected closing of the deal on January 29.
January 26, 2016
18:18 EDTPCPS&P announces changes to S&P 500, S&P SmallCap 600 indices
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17:18 EDTPCPCitizens Financial to replace Precision Castparts in S&P 500 as of 1/29 close
11:53 EDTPCPOptions with increasing put volume: RDN MTG PCP HES CLDX NEM BUD JUNO KITE
10:01 EDTPCPHigh option volume stocks
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January 25, 2016
16:03 EDTPCPBerkshire sees Precision Castparts acquisition closing on January 29
Berkshire Hathaway (BRK.A) and Precision Castparts (PCP) announced they expect Berkshire's acquisition of PCC to close on Friday, January 29. The appropriate waiting periods, including extensions thereof, have expired or been terminated and the appropriate clearances or approvals have been granted, or deemed granted in accordance with relevant law, in the necessary jurisdictions, the companies said.

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