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Valspar Completes Wattyl Acquisition (VAL)
Tuesday, September 21, 2010 - 8:09am | 54The Valspar Corporation (NYSE: VAL) announced today that it has completed the previously announced acquisition of Australian paint manufacturer Wattyl Limited. Under terms of the transaction, Valspar acquired all outstanding Wattyl shares for approximately A$142 million and assumed existing debt....
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Zep Inc. Selects Jeffrey Fleck as VP, Supply Chain
Tuesday, September 21, 2010 - 7:41am | 64Zep Inc. (NYSE: ZEP), today announced that it has selected Jeffrey L. Fleck as Vice President, Chief Supply Chain Officer. In this capacity, Mr. Fleck will be responsible for all aspects of the Company's global Supply Chain including Strategic Sourcing, Manufacturing and Logistics to ensure our...
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Company News for September 20, 2010 - Corporate Summary
Monday, September 20, 2010 - 6:48pm | 865• Safran agreed to acquire L-1 Identity (NYSE: ID) for $1.6 billion cash, or $12 per share • General Growth Properties (NYSE: GGP) paid $230 million to Howard Hughes heirs to settle a dispute • Goldman Sachs (NYSE: GS) upgraded Freeport-McMoRan (NYSE: FCX) to "buy" from "neutral," taking the price...
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Valspar Declares Dividend of $.16
Monday, September 20, 2010 - 3:25pm | 40The Valspar Corporation (NYSE: VAL) announced today that the Company's Board of Directors have declared a quarterly dividend of 16 cents per share, payable October 15, 2010 to all common stockholders of record on October 1, 2010.
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Chemetall Increases Organo Lithium Prices by 8%
Monday, September 20, 2010 - 10:14am | 82Chemetall a wholly owned subsidiary of Rockwood Holdings, Inc. (NYSE: ROC) announced today that effective October 1st, 2010, as contracts permit, prices for Organo Lithium products will be increased by 8 percent. The reasons to take this action are owing to the increased costs for energy, raw...
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Deutsche Bank Downgrades LZ To Hold
Monday, September 20, 2010 - 5:26am | 49Analysts at Deutsche Bank downgrade Lubrizol Corporation (NYSE: LZ) from "buy" to "hold." The target price for LZ is set to $110. LZ's shares lost 0.16% to close at $105.20 on Friday. More Analyst Ratings here
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Minerals Technologies Inc. Signs Agreement with Double A (1991) Public Company Ltd.
Thursday, September 16, 2010 - 3:11pm | 159Minerals Technologies Inc., (NYSE: MTX) announced today that it has signed an agreement with Double A (1991) Public Company Ltd., formerly Advance Agro Public Company Ltd., to expand production capacity of precipitated calcium carbonate (PCC) at its paper mill in Tha Toom, Thailand. The expansion...
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W.R. Grace to Buy Synthetech - Analyst Blog
Wednesday, September 15, 2010 - 7:03pm | 522Specialty chemicals maker W.R. Grace & Co. (GRA) has announced a definitive agreement to acquire Synthetech, a producer of fine chemicals with a focus on organic synthesis and biocatalysis. The transaction is valued at about $19.2 million, less Synthetech's debt balance as well as transaction...
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American Pacific Announces Corporate Governance Changes
Wednesday, September 15, 2010 - 12:20pm | 94At its regularly scheduled meeting on September 14, 2010, the Board of Directors of American Pacific Corporation (Nasdaq: APFC) took the actions summarized below: Recommended that shareholders at the next Annual Meeting amend AMPAC's Certificate of Incorporation to replace the 80% vote requirement...
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Zacks.com featured expert Kevin Matras highlights: JAKKS Pacific, Inc., PolyOne Corp., Eaton Corp., CSX Corp. and Blount International Inc. - Press Releases
Wednesday, September 15, 2010 - 11:15am | 1227Chicago, IL – September 15, 2010 - Stocks in this week's article include JAKKS Pacific, Inc. (NASDAQ: JAKK), PolyOne Corp. (NYSE: POL), Eaton Corp. (NYSE: ETN), CSX Corp. (NYSE: CSX) and Blount International Inc. (NYSE: BLT). Kevin Matras talks about the Price to Sales ratio and why it's one of his...
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Janney Montgomery Initiates NLC With Buy
Wednesday, September 15, 2010 - 5:31am | 51Analysts at Janney Montgomery initiate coverage of Nalco Holding Company (NYSE: NLC) with a "buy" rating. The target price for NLC is set to $30. NLC's shares fell 0.40% to close at $25.02 yesterday. More Analyst Ratings here
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Price to Sales Ratio - Screen of the Week
Tuesday, September 14, 2010 - 6:12pm | 231Kevin Matras talks about the Price to Sales ratio and why it's one of his favorite valuation metrics. Stocks highlighted include JAKK, POL, ETN, CSX and BLT. BLOUNT INTL (BLT): Free Stock Analysis Report CSX CORP (CSX): Free Stock Analysis Report EATON CORP (ETN): Free Stock Analysis Report JAKKS...
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Value Stock Picks-Sep.14, 2010 - Zacks Rank Buys
Tuesday, September 14, 2010 - 6:11pm | 90ARCH CHEMICALS (ARJ): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report Zacks Investment Research
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Afternoon Market Update (TTM, NEM, FUL)
Tuesday, September 14, 2010 - 11:53am | 208Shares of US-listed Tata Motors (NYSE: TTM) moved up about 3.3% after a wide rally in the Indian company's home exchange. The stock has reached a new high on Wall Street. TTM’s shares have advanced 41% year-to-date and have risen about twofold in the past 52 weeks. The benchmark gauge of Bombay...
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PolyOne Corporation Announces $360 Million Offering
Monday, September 13, 2010 - 2:37pm | 135PolyOne Corporation (NYSE: POL) today announced the pricing of $360 million of senior notes in an underwritten public offering. The offering consists of $360 million aggregate principal amount of 7.375% senior notes issued at par due September 2020. Interest on the notes will be paid semi-...