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Stock Market & Financial Investment News

News Breaks
February 10, 2014
13:46 EDTTRNTrinity Industries acquires Platinum Energy Services
Trinity Industries announced that it has acquired the assets of Platinum Energy Services through a newly formed subsidiary. Platinum, based in Alberta, Canada, manufactures and resells oil and gas process and storage equipment, including various types of containers, separators, and treaters used at the well-site and in midstream locations. The company operates out of two leased facilities in Calgary and one owned facility in Redcliff, Alberta. Initial annual revenues are expected to be in the range of approximately $40M-$45M. The assets and results of operations for the Platinum acquisition will be reflected in the Energy Equipment Group for financial reporting purposes.
News For TRN 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 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

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