Industrial Conglomerates

3M (NYSE: MMM) announced that it was acquiring Winterthur Technologies through a public tender offer for CHF $62.00/share, or $448 mil and close to a 7% premium to its previous closing price. Winterthur is a leading player in the $14+ bil global abrasives market, providing abrasive grinding wheels...

3M (NYSE: MMM) provided its 2011 sales and earnings outlook. The company anticipates sales of $29 billion to $30.5 billion, with organic sales volumes growing 5.5 to 7.5 percent, currency effects adding 1 to 2 percent and acquisitions adding 4 to 6 percent to sales for the year. 3M also expects...

Harris Williams & Co. announces that Hawk Corporation (NYSE: HWK) has been acquired by Carlisle Companies, Inc. (NYSE: CSL) for $50.00 per share in an all-cash transaction, representing an equity value of approximately $413 million. Hawk was advised by a Harris Williams & Co. team led by...

GE (NYSE: GE) today announced that it will provide gas turbine technology to Mass Global Investment Company, an independent power producer, to help meet northern Iraq's growing demand for electricity. Under the agreement, GE will supply three Frame 9E gas turbines and generators for the 375-...

Dahlman Rose issued its research report today on Walter Energy (NYSE: WLT) after WLT and Western Coal agreed to merget at the original proposed WTN price of CAD$11.50/share. In a note to clients, Dahlman Rose writes, "Walter will pay its original bid price of CAD $11.50 per WTN share consisting off...

GE (NYSE: GE) Intelligent Platforms today announced that Vantage Data Centers, a new wholesale data center operator, has chosen the company's high availability mission critical solution to enable Vantage to deliver energy-efficient, scalable, data center solutions to enterprise customers. Vantage...

Following modest underperformance since 3Q results, Goldman believes GE (NYSE: GE) shares can regain momentum over the next several weeks as the GE Capital outlook webcast on Tuesday, December 7, and GE annual outlook investor meeting on December 14 refocus investors on potential for multi- year...

International Credit Rating Agency, Fitch Ratings, upgraded the long-term investment-grade credit rating for Tyco International Ltd (TYC). to "A-" from "BBB+" and retained a stable outlook on the same. This enhancement in credit ratings is the result of Tyco's low gearing, operational...

It appears to Citi that the worst of the late-cycle roofing and raw material headwinds are now mostly discounted in Carlisle's (NYSE: CSL) shares. Resiliency in re-roofing, potential bottoming in the ABI index, and signs that some roofing price increases are sticking all support Citi's upgrade...

International Credit Rating Agency, Fitch Ratings, upgraded the long-term investment-grade credit rating for Tyco International Ltd (TYC). to "A-" from "BBB+" and retained a stable outlook on the same. This enhancement in credit ratings is the result of Tyco's low gearing, operational...

3M (NYSE: MMM) is set to acquire Switzerland's Winterthur for $448 million. TheStreet reports, "3M estimates the acquisition to be slightly dilutive to GAAP earnings in the first 12 months following the completion of the deal, but slightly accretive if purchase accounting adjustments and...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Hewlett-Packard (NYSE: HPQ) is “neither here nor there. There are a lot of tech stocks better than Hewlett." For Medtronic (NYSE: MDT), he said, "There's nothing there for me, especially with Abbott Laboratories (NYSE: ABT) having...

The broader markets are not doing much of anything really, with the and S&P 500 Dow slightly negative, while the NASDAQ is slightly positive. Despite this, there are a few stocks that are breaking out today on heavy volume, as traders continue to snatch up these names. Spreadtrum Communications...