Mergers & Acquisitions

Valiant Integrated Services Announces Closing of Cubic Global Defense Services Acquisition

Valiant Integrated Services Announces Closing of Cubic Global Defense Services Acquisition – Acquisition Closed on May 31, 2018 – Acquisition Accelerates Valiant’s Strategy to Broaden Customer Services and Support – Transaction Represents Valiant’s Largest Acquisition to Date – Legacy CGD Services Boasts Experienced Management Team and Robust Pipeline of New Business – All Services and Support to Customers Across the Globe Continue Uninterrupted PR Newswire MCLEAN, Va., June 1, 2018 MCLEAN, Va. , June 1, 2018 /PRNewswire/ — Valiant Integrated Services (“Valiant”), today announced that it has closed on its purchase of Cubic Corporation’s Cubic Global Defense Services (“CGD Services”), a leading provider of training, operations, intelligence, maintenance, technical, and other support services to the U.S. […]

Technicals

Moving Average Crossover Alert: Dover Corporation (DOV)

Dover Corporation DOV could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DOV broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. This has already started to take place, as the stock has moved lower by 9.6% in the past four weeks […]

Mergers & Acquisitions

Wyndham Worldwide Completes Spin-off of Wyndham Hotels & Resorts; Becomes Wyndham Destinations

Wyndham Worldwide Completes Spin-off of Wyndham Hotels & Resorts; Becomes Wyndham Destinations Size and scale of company will drive future growth and focus on delivering great vacations PR Newswire ORLANDO, Fla., June 1, 2018 ORLANDO, Fla. , June 1, 2018 /PRNewswire/ — Wyndham Destinations , Inc. (NYSE: WYND), formerly known as Wyndham Worldwide Corporation, today announced that it has completed the spin-off of Wyndham Hotels & Resorts, Inc. […]

Mergers & Acquisitions

Cubic Completes Divestiture of Cubic Global Defense Services to Valiant Integrated Services

Cubic Completes Divestiture of Cubic Global Defense Services to Valiant Integrated Services PR Newswire SAN DIEGO, June 1, 2018 SAN DIEGO , June 1, 2018 /PRNewswire/ — Cubic Corporation (NYSE: CUB) today announced the successful closing of its divestiture of the Cubic Global Defense (CGD) Services business to Valiant Integrated Services. Cubic received approximately $135 million cash at closing on a debt free, cash free basis, plus $3 million of contingent consideration tied to certain contract wins expected over the next 12 to 24 months. […]

Mergers & Acquisitions

PolyOne Announces Acquisition of PlastiComp

PolyOne Announces Acquisition of PlastiComp PR Newswire CLEVELAND, June 1, 2018 CLEVELAND , June 1, 2018 /PRNewswire/ — PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announces the acquisition of PlastiComp, an advanced engineered materials innovator and producer of specialty composites. Founded in 2003 by industry veteran and composite pioneer Stephen Bowen , PlastiComp has steadily grown through its ability to replace metal and lightweight products with unique and complex long fiber technology (LFT) composite formulations. Inherent benefits of LFT-based materials include high strength and stiffness, design freedom, fatigue endurance, corrosion and wear resistance, EMI shielding, and recyclability […]

Momentum Stocks

Bull of the Day: Tallgrass Energy (TEGP)

Saudi Arabia, other OPEC members, and non-OPEC allies like Russia appear likely to abide by previously-accepted supply cuts until at least the end of 2018, delaying concerns that some oil leaders would be increasing production to offset the effect of shortfalls from Iran and Venezuela. Oil stocks are looking strong again, and that means investors might want to give Tallgrass Energy ( TEGP ) a look. Headquartered in Leadwood, Kansas, Tallgrass Energy is engaged in the transportation, storage and processing of oil and natural gas. […]