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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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January 26, 2015
10:19 EDTABBHigh option volume stocks
High option volume stocks: OIL NFX ABB FXCM SANM EL MAT AGO NPSP SSTK
10:00 EDTABBOn The Fly: Analyst Downgrade Summary
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07:54 EDTABBABB downgraded to Neutral from Outperform at Credit Suisse
January 22, 2015
13:13 EDTTRNRailcar backlog rose, says Wells Fargo
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January 20, 2015
05:57 EDTABBABB downgraded to Neutral from Buy at Citigroup
Citigroup downgraded ABB to Neutral on expectations the company's process automation business will see weaker demand from the oil and gas industry.
January 16, 2015
10:01 EDTABBOn The Fly: Analyst Downgrade Summary
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05:32 EDTABBABB downgraded to Underperform from Neutral at Exane BNP Paribas
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January 14, 2015
08:08 EDTTRNTrinity Industries weakness overdone, says Wells Fargo
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