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Stock Market & Financial Investment News

News Breaks
June 27, 2014
08:01 EDTTRN, ABBTrinity Industries to acquire assets of Meyer Steel Structures for $600M
Trinity Industries (TRN) announced that it has entered into an agreement to acquire the assets of Meyer Steel Structures, the utility steel structures division of Thomas & Betts Corporation, a member of the ABB Group (ABB), for a purchase price of approximately $600M. The transaction is subject to customary regulatory approvals and is expected to close during the third quarter. Trinity expects to fund the purchase price with available cash on hand. Trinity expects the transaction will be accretive to full-year 2014 earnings but cannot provide a range of earnings guidance until the transaction is completed and purchase price accounting entries are finalized.
News For TRN;ABB From The Last 14 Days
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March 25, 2015
06:14 EDTABBSamsung SDI and ABB form strategic microgrid commercial alliance
Samsung SDI (SSNLF) and ABB (ABB) have signed a memorandum of understanding to establish a strategic commercial alliance. Samsung SDI and ABB join forces to develop and market microgrid systems that comprise energy storage solutions. The two companies will establish a global commercial alliance to develop and market modular and scalable microgrid solutions, utilizing lithium-ion batteries for energy storage.
March 24, 2015
09:01 EDTTRNStephens to hold an investor trip
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March 23, 2015
08:01 EDTABBBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
March 13, 2015
11:27 EDTTRNTrinity Industries announcement today a positive, says Wells Fargo
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10:44 EDTTRNTrinity Industries says ET Plus passes all eight FHWA requested crash tests
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March 12, 2015
14:10 EDTTRNTransport Canada announcement positive for railcar suppliers, says Wells Fargo
Wells Fargo said Transport Canada's announcement of a tank car safety proposal may mean all tank cars in service there may become "essentially obsolete," meaning no retrofits, after 2025. The firm views the regulator's first announcement as benefiting all of the rail suppliers it covers and maintains Outperform ratings on Greenbrier (GBX), Trinity Industries (TRN), and Wabtec (WAB).

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