Company News for June 14, 2011 - Corporate Summary

•    Share prices of Transatlantic Holdings TRH climbed 9.50% after the reinsurer announced it was merging with Switzerland based reinsurer World Assurance Company Holdings AG AWH in a deal worth $3.2 billion

•    On Monday, Wendy's/Arby's Group WEN announced it was selling its Arby's restaurant business to a buyer formed by Roark Capital. Atlanta-based Arby's is the second largest quick service sandwich chain in the U.S.

•    Honeywell International Inc. HON announced plans to buy maker of wireless-communications products EMS Technologies, Inc. ELMG for $33 a share

•    Share prices of supplier of automated manufacturing systems Gerber Scientific, Inc. GRB climbed 35.34% to close at $10.99 after it said private equity firm Vector Capital was acquiring it for $11 a share or for $281.8 million

•    Oil and natural-gas developer Harvest Natural Resources, Inc. HNR reported that it has found oil off the coast of West Africa

•    U.S.-listed shares of Israeli computer-services Ness Technologies, Inc. NSTC rose 13.70% after Citi Venture Capital International said it will buy the company for $307 million

•    Clothing-brand owner VF Corp. VFC said it will buy clothing and footwear company Timberland Co. TBL in a deal worth $2 billion, or $43 a share

•    Chinese wind-turbine technology developer China Ming Yang Wind Power Group Ltd. MY was downgraded by Credit Suisse CS from "Outperform" to "Neutral" rating

•    Shares of Fairchild Semiconductor International, Inc. FCS were downgraded by Robert W. Baird to "Neutral" rating with a target price of $17

•    Analysts at Goldman Sachs  GS downgraded shares of Pinnacle West Capital Corp PNW from "Buy" rating to "Neutral" rating
 
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EMS TECH INC (ELMG): Free Stock Analysis Report
 
FAIRCHILD SEMI (FCS): Free Stock Analysis Report
 
GERBER SCIENTIF (GRB): Free Stock Analysis Report
 
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HARVEST NATURAL (HNR): Free Stock Analysis Report
 
HONEYWELL INTL (HON): Free Stock Analysis Report
 
CHINA MING YANG (MY): Free Stock Analysis Report
 
NESS TECH INC (NSTC): Free Stock Analysis Report
 
PINNACLE WEST (PNW): Free Stock Analysis Report
 
TIMBERLAND CO A (TBL): Free Stock Analysis Report
 
TRANSATLAN HLDG (TRH): Free Stock Analysis Report
 
V F CORP (VFC): Free Stock Analysis Report
 
WENDYS/ARBYS GP (WEN): Free Stock Analysis Report
 
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