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Stock Market & Financial Investment News

News Breaks
June 27, 2014
08:01 EDTABB, TRNTrinity 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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December 19, 2014
08:46 EDTTRNTrinity Industries initiated with an Underperform at Macquarie
Target $24.
December 18, 2014
06:27 EDTABBABB board proposes Peter Voser as new chairman
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December 10, 2014
06:37 EDTTRNNew crash tests to be conducted on Trinity Industries guardrail, NY Times says
New crash tests will be conducted on Trinity Industries' troubled ET-Plus guardrail today, according to The New York Times. The tests will be similar to tests performed nearly a decade ago when the current version of the product was introduced, the newspaper stated. However, the Federal Highway Administration indicated that it could use other types of tests in the future to gauge the effectiveness of the ET-Plus, which has been banned by more than 30 states, the newspaper reported. Reference Link
December 5, 2014
10:00 EDTABBOn The Fly: Analyst Downgrade Summary
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06:48 EDTABBABB downgraded to Sell from Hold at Deutsche Bank
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