Month: September 2011

Mergers & Acquisitions

Tronox to Acquire Exxaro’s Mineral Sands Operations, Creating Leading, Vertically Integrated Titanium Dioxide Pigment Producer

September 26, 2011 0

Tronox to Acquire Exxaro’s Mineral Sands Operations, Creating Leading, Vertically Integrated Titanium Dioxide Pigment Producer — Exxaro Resources Limited (Exxaro) to Receive 38.5 Percent Equity Stake in Tronox in Exchange for its Mineral Sands Operations — Transaction Brings Together Tronox’s Proprietary Pigment-making Technology with Exxaro’s Mining, Mineral Separation and Smelting Mineral Sands Operations — Combined Company Will Benefit from the Assurance of Feedstock Supply and Will Have a Strong Platform for Future Growth PR Newswire OKLAHOMA CITY and PRETORIA, South Africa, Sept. 26, 2011 OKLAHOMA CITY and PRETORIA, South Africa , Sept. 26, 2011 /PRNewswire/ — Tronox Incorporated (TROX.PK), a leading producer and marketer of titanium dioxide pigment, and Exxaro Resources Limited (JSE:EXX), a leading mineral sands producer of titanium dioxide feedstock and zircon, today announced a definitive agreement under which Tronox will acquire Exxaro’s mineral sands operations, which include Exxaro’s 50 percent interest in the Tiwest Joint Venture with Tronox in Western Australia , along with 74 percent of Exxaro’s KZN Sands and 74 percent of its Namakwa Sands operations in South Africa , in exchange for approximately 38.5 percent of Tronox’s equity […]

Mergers & Acquisitions

The Carlyle Group has Acquired ITRS Group, a Provider of Trade Monitoring Technology and Services to the Financial Services Sector

September 26, 2011 0

The Carlyle Group has Acquired ITRS Group, a Provider of Trade Monitoring Technology and Services to the Financial Services Sector PR Newswire LONDON, September 26, 2011 LONDON , September 26, 2011 /PRNewswire/ — Global alternative asset manager The Carlyle Group (“Carlyle”) announced today that it has acquired ITRS Group (“ITRS” or the “Company”), a global provider of real-time monitoring systems for the world’s financial institutions, in partnership with its founders and management. The transaction closed today. […]

Momentum Stocks

Sara Lee Corp. (SLE) – Bear of the Day (SLE)

September 26, 2011 0

We have downgraded the recommendation of Sara Lee Corp. ( SLE ) to Underperform from Neutral as the company remains under tremendous inflationary pressure, further burdened by severe competition from several branded and private label products. Though the company is making efforts to combat its rising price of coffee and meat by raising prices, we believe that the company has to sacrifice volume in the process […]

Momentum Stocks

AmSurg Corp. (AMSG) – Bull of the Day (AMSG)

September 26, 2011 0

AmSurg Corp.'s ( AMSG ) second quarter EPS of $0.38 met the Zacks Consensus Estimate and the year-ago EPS. Economic uncertainty has been impacting AmSurg potential customers deferring elective procedures, but its top line improved due to growth in total procedures with the opening of new centers. Moreover, with a relatively solid development and acquisition pipeline in place, supported by a strong cash position, AmSurg is well poised to carry out suitable acquisitions. […]