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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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July 24, 2015
11:15 EDTTRNTrinity Industries sees extended rail car cycle due to diverse market demand
Comments from Q2 earnings conference call.
July 23, 2015
19:06 EDTTRNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
16:35 EDTTRNTrinity Industries raises FY15 EPS to $4.45-$4.75 from $4.10-$4.45
Consensus is $4.43.
16:33 EDTTRNTrinity Industries reports Q2 EPS $1.33, consensus $1.09
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July 22, 2015
07:16 EDTABBActivist may push for ABB break-up, Bloomberg reports
Activist investor Cevian Capital is now the second largest stakeholder in ABB with a 5.1% stake and may push for a breakup or other changes at the power grid maker, according to Bloomberg, citing a person familiar with the investor's plans. Reference Link

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