Month: May 2014

Stock Analysts

3M’s $1.1B Issue Gets Aa2 Rating from Moody’s

May 30, 2014 0

3M Company's ( MMM ) note issuance of up to $1.1 billion of unsecured debt was assigned an Aa2 rating by Moody's along with a stable outlook. Moody’s also assigned an Aa2 rating to the company’s refreshed medium-term note (MTN) program. The unsecured notes are split between maturities of 5 and 30 years […]

Stock Analysts

Exar Closes Integrated Memory Logic Offer

May 30, 2014 0

Exar Corp. ( EXAR ), a leading provider of analog and mixed-signal integrated circuits (ICs), successfully concluded its bid to acquire the outstanding stock of Integrated Memory Logic (IML). The transaction is valued at $223 million. […]

Stock Analysts

Textron Wins South Korean Deal

May 30, 2014 0

A Textron Inc. ( TXT ) unit, Textron Defense Systems, was chosen by South Korea for the supply of anti-armor weapons to strengthen its arsenal in response to North Korea’s growing nuclear threat. The contract has a value of $190.1 million […]

Stock Analysts

Lockheed to Acquire Astrotech Unit

May 30, 2014 0

Aerospace and defense major Lockheed Martin Corporation ( LMT ) has inked a deal with Astrotech Corporation to acquire the latter’s Astrotech Space Operations (“ASO”) business for an undisclosed amount. The transaction is subject to several approvals. If approved, the deal is expected to be completed in third-quarter 2014. […]

Stock Analysts

SunEdison to Initiate IPO

May 30, 2014 0

Shares of SunEdison Inc. ( SUNE ) increased 5.3% yesterday, after the company declared that its "yield co" unit TerraForm Power Inc. is planning to raise $50.0 million from an Initial Public Offering (IPO) […]

Stock Analysts

Tyson Bids Higher for Hillshire Brands

May 30, 2014 0

The battle between the meat companies are heating up as Tyson Foods, Inc. ( TSN ) makes a rival bid for packaged meat producer The Hillshire Brands Company ( HSH ), two days after Hillshire Brands received an all-cash acquisition proposal from chicken processor Pilgrim’s Pride Corp. ( PPC ) […]

Mergers & Acquisitions

TreeHouse Foods Completes Acquisition of Protenergy Natural Foods

May 30, 2014 0

TreeHouse Foods Completes Acquisition of Protenergy Natural Foods PR Newswire OAKBROOK, Ill., May 30, 2014 OAKBROOK, Ill., May 30, 2014 /PRNewswire/ — TreeHouse Foods, Inc. (NYSE: THS) today announced the completion of the previously announced acquisition of Protenergy Natural Foods, an industry leading developer and manufacturer of premium quality food and beverage products, namely private label broth, soups and gravies. […]

Mergers & Acquisitions

Peoples Bancorp Completes Acquisition of Midwest Bancshares, Inc.

May 30, 2014 0

Peoples Bancorp Completes Acquisition of Midwest Bancshares, Inc. PR Newswire MARIETTA, Ohio, May 30, 2014 MARIETTA, Ohio , May 30, 2014 /PRNewswire/ — Peoples Bancorp Inc. (“Company”) (NASDAQ: PEBO), parent company of Peoples Bank, National Association (“Peoples Bank”; collectively with the Company, “Peoples”), announced today that it has completed its acquisition of Midwest Bancshares, Inc […]

Stock Analysts

Pioneer Natural Held in Balance

May 30, 2014 0

We issued an updated research report on Pioneer Natural Resources Company ( PXD ) on May 26, 2014. Pioneer Natural Resources’ oil-weighted reserves base and a large drilling inventory (over 20,000 liquids-rich drilling locations in low-risk resource plays) with significant resource potential are catalysts to unlock value for shareholders. The company offers a deep inventory of high-return, liquids-leveraged drilling opportunities. […]

Stock Analysts

Berkshire Hathaway Research Report Updated

May 30, 2014 0

On May 28, we issued an updated research report on Berkshire Hathaway Inc. (BRK.A) ( BRK.B ) The company reported first-quarter operating earnings of $1.43 per share, missing the Zacks Consensus estimate by a couple of cents. Results primarily suffered from a decline in operating earnings in the insurance segment […]

Stock Analysts

Alcoa to Produce Jet Engine Parts in Indiana

May 30, 2014 0

Aluminum giant Alcoa Inc. ( AA ) announced that it has broken ground on its new $100 million aerospace expansion in La Porte, IN, where it will produce nickel-based superalloy jet engine parts for large commercial aircraft, including narrow- and wide-body and military airplanes. The plant’s construction is expected to complete by the end of 2015. […]

Mergers & Acquisitions

Sequenom, Inc.’s Bioscience Business Acquired by Agena Bioscience, a Telegraph Hill Partners Portfolio Company

May 30, 2014 0

Sequenom, Inc.’s Bioscience Business Acquired by Agena Bioscience, a Telegraph Hill Partners Portfolio Company John Lillig to Lead Agena Bioscience as Chairman and Interim CEO PR Newswire SAN DIEGO, May 30, 2014 SAN DIEGO , May 30, 2014 /PRNewswire/ — Agena Bioscience, Inc., a portfolio company of Telegraph Hill Partners (THP), today acquired the Bioscience business of Sequenom, Inc. (NASDAQ: SQNM), which sells the MassARRAY System for mass spectrometry-based detection of nucleic acids in research and clinical laboratories. Agena Bioscience has retained the employees of the acquired segment and will remain headquartered in San Diego, California […]