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Lufkin Shareholders Approve Merger Agreement with GE
Thursday, June 27, 2013 - 4:03pm | 332Read More...Lufkin Industries (Nasdaq: LUFK), today announced that, at a special meeting held today, Lufkin shareholders approved the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 5, 2013, by and among Lufkin, General Electric Company ("GE") and Red Acquisition, Inc., a wholly owned...
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Benzinga's Top Downgrades
Thursday, April 11, 2013 - 6:58am | 156Read More...Analysts at Goldman Sachs downgraded Family Dollar Stores, Inc. (NYSE: FDO) from “buy” to “neutral”. The target price for Family Dollar Stores has been lowered from $69.00 to $65.00. Family Dollar Stores shares closed at $60.44 yesterday. Analysts at Goldman Sachs downgraded Sigma-Aldrich...
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Benzinga's Top Downgrades
Tuesday, April 9, 2013 - 6:40am | 136Read More...Analysts at Bank of America downgraded Protective Life Corporation (NYSE: PL) from “neutral” to “underperform”. The target price for Protective Life Corporation has been maintained at $34.00. Protective Life Corporation shares closed at $35.00 yesterday. Analysts at Citigroup downgraded Lufkin...
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A Peek Into The Market Before The Trading Starts
Tuesday, April 9, 2013 - 6:26am | 387Read More...Pre-open movers US stock futures are mixed this morning. Futures for the Dow Jones Industrial Average dropped 4 points to 14,559.00 and S&P 500 index futures rose 0.80 points to 1,560.00. Nasdaq 100 futures gained 6.25 points to 2,787.25. A Peek Into Global Markets European markets were...
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Benzinga's M&A Chatter for Monday April 8, 2013
Monday, April 8, 2013 - 5:04pm | 537Read More...The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday April 8, 2013: GE to Acquire Lufkin Industries for $88.50/Share in Cash The Deal:GE (NYSE: GE) and Lufkin Industries (NASDAQ: LUFK) announced Monday an agreement whereby GE will acquire Lufkin for...
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Benzinga's Volume Movers
Monday, April 8, 2013 - 10:44am | 169Read More...Lufkin Industries (NASDAQ: LUFK) shares climbed 37.71% to $88.04. The volume of Lufkin shares traded was 2600% higher than normal. General Electric Co (NYSE: GE) announced its plans to buy Lufkin for $3.3 billion in cash. Icahn Enterprises LP (NASDAQ: IEP) shares gained 9.32% to $60.70. The volume...
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Benzinga's Top Pre-Market Gainers
Monday, April 8, 2013 - 7:38am | 133Read More...Lufkin Industries (NASDAQ: LUFK) soared 37.35% to $87.81 in the pre-market trading. GE (NYSE: GE) announced its plans to buy Lufkin Industries for about $3 billion. BioCryst Pharmaceuticals (NASDAQ: BCRX) moved up 20% to $2.04 in the pre-market session. BioCryst shares have dropped 58.02% over the...
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A Peek Into The Market Before The Trading Starts
Monday, April 8, 2013 - 6:47am | 464Read More...Pre-open movers US stock futures are higher this morning, as investors are awaiting earnings from Alcoa (NYSE: AA). Futures for the Dow Jones Industrial Average gained 32 points to 14,515.00 and S&P 500 index futures rose 4.30 points to 1,550.20. Nasdaq 100 futures gained 6 points to 2,769.50...
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GE to Acquire Lufkin Industries for $88.50/Share
Monday, April 8, 2013 - 5:57am | 142Read More...GE (NYSE: GE) and Lufkin Industries Inc. (NASDAQ: LUFK) announced today a joint agreement whereby GE will acquire Lufkin Industries Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, for...
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Benzinga's Top Upgrades
Tuesday, February 26, 2013 - 8:03am | 143Read More...Analysts at RBC Capital upgraded SanDisk (NASDAQ: SNDK) from “sector perform” to “outperform.” The target price for SanDisk has been raised from $50 to $65. SanDisk's stock closed at $49.31 yesterday. Analysts at Stifel Nicolaus upgraded Supertex (NASDAQ: SUPX) from “hold” to “buy.” The target...
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Benzinga's Top Upgrades
Tuesday, February 19, 2013 - 7:23am | 158Read More...Analysts at Wells Fargo upgraded Lufkin Industries (NASDAQ: LUFK) from “market perform” to “outperform.” The target price for Lufkin has been raised from $58-$65 to $78-$83. Lufkin's stock closed at $64.14 on Friday. Goldman Sachs upgraded GNC Holdings (NYSE: GNC) from “neutral” to “buy.” The...
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Earnings Scheduled For February 14, 2013
Thursday, February 14, 2013 - 12:32am | 850Read More...Alexion Pharmaceuticals (NASDAQ: ALXN) is expected to report its Q4 earnings at $0.53 per share on revenue of $316.49 million. General Motors Company (NYSE: GM) is estimated to report its Q4 earnings at $0.51 per share on revenue of $39.14 billion. Discovery Communications (NASDAQ: DISCA) is...
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Earnings Scheduled For October 29, 2012
Monday, October 29, 2012 - 6:01am | 555Read More...Armstrong World Industries (NYSE: AWI) is expected to report its Q3 earnings at $0.90 per share on revenue of $740.11 million. CNA Financial (NYSE: CNA) is projected to report its Q3 EPS at $0.68 on revenue of $1.99 billion. Burger King Worldwide (NYSE: BKW) is estimated to report its Q3 EPS at $...
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UPDATE: Lufkin Posts Weaker-Than-Expected Q2 Profit, Issues Downbeat Q3 Forecast
Monday, July 30, 2012 - 6:16am | 101Read More...Lufkin Industries (NASDAQ: LUFK) posted a weaker-than-expected second-quarter profit and issued a downbeat forecast for the third quarter Lufkin projects Q3 earnings between $0.70 per share and $0.80 per share, on revenue between $330 million and $340 million. However, analysts were projecting...
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Lufkin Down 8% on Weak Profits and Guidance
Monday, May 7, 2012 - 10:17am | 97Read More...Lufkin Industries (NASDAQ: LUFK) is trading lower on the session following its Q1 earnings announcement and 2012 guidance. The company reported an EPS of $0.56 vs $0.59 estimates and revenues $279.5 million vs $276.13 million estimates. Lufkin Industries guided 2012 EPS $3.75-4.05 vs $4.04...
