Month: May 2013

Mergers & Acquisitions

Haemonetics Completes Hemerus Medical, LLC Acquisition

May 1, 2013 0

Haemonetics Completes Hemerus Medical, LLC Acquisition PR Newswire BRAINTREE, Mass., May 1, 2013 BRAINTREE, Mass. , May 1, 2013 /PRNewswire/ — Haemonetics Corporation (NYSE:HAE) today announced that it has completed its previously announced acquisition of the assets of Hemerus Medical, LLC (“Hemerus”), a Minnesota -based company that develops innovative technologies for the collection of whole blood and for the processing and storage of blood components. […]

Mergers & Acquisitions

Platte River Equity Announces the Sale of Hetsco, Inc.

May 1, 2013 0

Platte River Equity Announces the Sale of Hetsco, Inc. PR Newswire DENVER, May 1, 2013 DENVER , May 1, 2013 /PRNewswire/ — Platte River Equity (“Platte River”) today announced the sale of its portfolio company, Hetsco, Inc. (“Hetsco”) to Global Power Equipment Group Inc […]

Mergers & Acquisitions

Nelson Global Products Acquires Brazilian Manufacturer — Expands Product Portfolio and Global Market Reach

May 1, 2013 0

Nelson Global Products Acquires Brazilian Manufacturer — Expands Product Portfolio and Global Market Reach PR Newswire STOUGHTON, Wis., May 1, 2013 STOUGHTON, Wis. , May 1, 2013 /PRNewswire/ — Nelson Global Products Inc., a global leader in the design and manufacture of tubular and exhaust products for commercial vehicle markets, has acquired Envall, a family-owned tube and hose assemblies manufacturer in Rio Grande do Sul, Brazil . Envall, maker of hydraulic and structural tubes, and low-to-high pressure hydraulic hoses, will continue to operate its 90,000 square foot manufacturing plant under the leadership of Irenivo Pereira, formerly a co-owner of the 20-year old operation and newly-appointed general manager. […]

Stock Analysts

Petrobras Matches Earnings Estimate (EPL) (HNR) (MMR) (PBR)

May 1, 2013 0

Brazil's state-run energy giant Petroleo Brasileiro S.A., or Petrobras ( PBR ), announced first quarter profit of $3,854.0 million, compared with $5,212.0 million in the year-earlier quarter. Earnings per ADR came in at 60 cents (1 ADR = 2 shares), below the year-ago profit of 80 cents and in line with the Zacks Consensus Estimate amid rising operational costs and weak production. These factors were partially offset by higher domestic fuel prices […]

Stock Analysts

Narrower-Than-Expected Loss at ANADIGICS (ANAD) (ARMH) (FSL) (SPRD)

May 1, 2013 0

Semiconductor manufacturer ANADIGICS, Inc. ( ANAD ) continued its dismal performance in first quarter 2013 as it registered a loss of $19.0 million or 26 cents per share compared to a loss of $15.8 million or 23 cents per share in the year-ago quarter. Excluding one-time items, adjusted net loss for the reported quarter came in at 20 cents per share vis-à-vis a loss of 21 cents per share in the year-earlier quarter. […]

Stock Analysts

Luminex Beats 1Q Earnings Est. (ABMD) (ARAY) (LMNX) (MRK)

May 1, 2013 0

Luminex Corporation ’s ( LMNX ) first-quarter 2013 adjusted earnings per share of 14 cents beat the Zacks Consensus Estimate of 8 cents per share by 75%. It also exceeded the year-ago earnings by 75%. Adjusted earnings exclude one-time charges such as the amortization, severance and legal costs along with expenses associated with the termination of molecular diagnostic distribution agreements. […]