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SPX Successfully Enters Into New Senior Secured Credit Facilities of $1.8B
Thursday, June 30, 2011 - 5:05pm | 251SPX Corporation (NYSE: SPW) today announced that it has entered into new syndicated senior secured credit facilities in an aggregate amount of $1.8 billion. The new committed credit facilities are designed to support the company's global growth and increase the company's financial flexibility. The...
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Eaton Agrees to Acquire German Filtration Systems Provider E. Begerow GmbH & Co KG
Thursday, June 30, 2011 - 5:02pm | 57Eaton Corporation (NYSE: ETN) today announced it has agreed to acquire E. Begerow GmbH & Co KG. The company develops and produces technologically innovative filter media and filtration systems for food and beverage, chemical, pharmaceutical and industrial applications. The deal is subject to...
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Conversion Right Triggered on EnPro's Convertible Senior Debentures
Thursday, June 30, 2011 - 4:39pm | 129EnPro Industries, Inc. (NYSE: NPO) today announced that commencing July 1, 2011, the company's $172,500,000 aggregate principal amount of 3.9375% Convertible Senior Debentures due 2015 will be convertible by holders of the Debentures. This conversion right has been triggered because the closing...
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Window Dressing 06-30-2011
Thursday, June 30, 2011 - 2:41pm | 982Cusick's Corner The shopping continues today. Seems like the big money managers are continuing to improve their window, dressing up their end of the month to keep the statement in the green. This is money that is already in the market, but this recent move has scared the managers and hedge funds...
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Calls Purchased on Danaher Corporation
Thursday, June 30, 2011 - 10:59am | 118Shares of Danaher Corporation (NYSE: DHR) are higher on the session by 2.28%, currently trading at $53.33. The stock has been moving largely higher over the past five months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while...
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Lydall Completes Sale of Affinity for $14M
Thursday, June 30, 2011 - 8:47am | 50Lydall, Inc. (NYSE: LDL) announced today that it has completed the sale of Lydall Industrial Thermal Solutions, Inc. a leading designer and manufacturer of high performance industrial chillers and heat exchangers. Affinity was sold to Lytron at a purchase price of $14 million.
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Top 4 Small-Cap Stocks In The Farm & Construction Machinery Industry With The Highest Cash
Thursday, June 30, 2011 - 1:14am | 134Below are the top small-cap farm & construction machinery stocks on the NYSE and the NASDAQ in terms of cash. NACCO Industries Inc (NYSE: NC) had $249.80 million in total cash and $409.60 million in total debt for the latest quarter. Astec Industries Inc (NASDAQ: ASTE) had $80.61 million in...
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Morning Market Movers
Wednesday, June 29, 2011 - 9:49am | 95Alanco Technologies Inc (NASDAQ: ALAN) climbed 51.96% to $1.55 at 9:45 am. ALAN announced its plans to merge with profitable, fast-growing YuuZoo Corporation. Stewardship Financial Corp (NASDAQ: SSFN) shares gained 43.43% to $7.10. SSFN declared a $0.05 per share cash dividend. Highway Holdings...
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Jefferies Reiterates Buy and PT of $70 on Illinois Tool Works
Wednesday, June 29, 2011 - 8:49am | 45Jefferies reiterated its Buy rating on Illinois Tool Works (NYSE: ITW). At the same time, the rating agency left its price target on the company's stock unchanged at $70. On Tuesday, Illinois Tool Works finished the day at $54.99.
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UPDATE: Jefferies Lowers PT on Harsco to $38
Wednesday, June 29, 2011 - 7:55am | 101Jefferies is out with its report today on Harsco (NYSE: HSC), lowering its PT from $40 to $38. In a note to clients, Jefferies writes, "We conducted a check-in conversation with HSC. We are maintaining our 2Q11, 2011 and 2012 EPS forecasts. We have lowered our free cash flow forecasts due to the...
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Jefferies Changes PT On RAIL, HSC, PGN
Wednesday, June 29, 2011 - 6:16am | 58Jefferies & Company has changed the price target on the following companies: FreightCar America (NASDAQ: RAIL) Buy, PT from $35.00 to $30.00 Harsco (NYSE: HSC) Buy, PT from $40.00 to $38.00 Progress Energy (NYSE: PGN) Hold, PT from $49.00 to $48.50
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Stocks to Watch for 6/29/11: Fresh 52 Week Highs and Lows
Wednesday, June 29, 2011 - 4:11am | 2861Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session: 1) CIGNA (NYSE: CI): Shares of CIGNA hit a 52-week high of $51.16 in Tuesday's...
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Illinois Tool cuts profit view
Tuesday, June 28, 2011 - 6:20pm | 70The fasteners and fastening tools maker cut its Q2 earnings per share forecast to 95 cents-$1.01, below its earlier view for 99 cents-$1.05 on $4.77 bil-$4.89 bil sales. Analysts see $1.04 EPS on sales of $4.77 bil. The company adjusted its outlook to account for the planned sales of 3 businesses...
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ITW Releases Reclassification of Historical Results for Discontinued Operations; Company Announces $550 million of Share Repurchase Activity in the 2011 Second Quarter
Tuesday, June 28, 2011 - 9:03am | 85As previously announced, Illinois Tool Works Inc. (NYSE: ITW) entered into a definitive agreement in April 2011 to sell its finishing group of businesses to Graco Inc. The finishing businesses' revenues were approximately $305 million in 2010. Additionally, the Company approved plans to divest a...
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Nordson
Monday, June 27, 2011 - 6:45pm | 20Nordson (NDSN), which makes sealants and coatings, agreed to buy Belgium-based Constructiewerkhuizen G. Verbruggen, a flexible-packaging maker. Terms weren't disclosed.