New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 8, 2013
08:05 EDTTIE, PCPTitanium Metals stock to cease trading as a result of Precision Castparts merger
Precision Castparts, or PCC, (PCP) announced that it has completed its acquisition of Titanium Metals (TIE), or Timet. Timet has been a subsidiary of ELIT Acquisition Sub, a wholly-owned subsidiary of PCC, since December 21, 2012. Each remaining share of Timet common stock not tendered in PCC's previous tender offer for Timet shares was converted in the merger into the right to receive $16.50 without interest and less any applicable withholding of taxes. As a result of the merger, Timet common stock will cease to be traded on the New York Stock Exchange.
News For TIE;PCP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 28, 2015
05:44 EDTPCPPrecision Castparts sees FY16 EPS $12.25-$13.15, consensus $12.77
Subscribe for More Information
05:43 EDTPCPPrecision Castparts reports Q1 EPS $2.87, consensus $3.00
Subscribe for More Information
July 27, 2015
17:06 EDTPCPMidOcean Partners to sell Noranco to Precision Castparts
MidOcean Partners announced that it has reached a definitive agreement to sell Noranco Inc. to Precision Castparts. Noranco is a leading supplier of complex machined components and assemblies for mission-critical landing gear, aerostructures, and aero engine applications to the aerospace industry. MidOcean acquired the company in April 2013 jointly with PSP Investments, and paired its operating resources in the aerospace sector with the Company's management team to drive revenue growth and complete two accretive acquisitions.
07:08 EDTPCPPrecision Castparts acquires Noranco for $560M
Precision Castparts has agreed to acquire Noranco from MidOcean Partners and PSP Investments for $560M. Noranco is a premier supplier of complex machined and fabricated components for aero-engine, landing gear and airframe applications. Noranco provides significant value to aerospace customers through a wide range of sophisticated capabilities including high precision machining and sheet metal fabrication, processing, assembly and testing. As a key supplier to the leading aerospace OEM and Tier 1 manufactures, Noranco has established a balanced customer base its largest customers are Honeywell, UTAS, Safran, Bombardier, and Spirit. The company has strong content positions on the next generation commercial platforms including 737, 787, 777, A350, and A320. Noranco employs 1,100 employees across 8 manufacturing sites in North America. The cash acquisition will be immediately accretive to earnings. Subject to regulatory approvals, the transaction is expected to be mpleted during Q3 of FY16, after which its results will be reported as part of the Airframe Products segment.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use