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Mueller Industries, Inc. Enters Into Standstill Agreement With Leucadia National Corporation
Friday, September 2, 2011 - 3:01pm | 194Read More...Mueller Industries, Inc. (NYSE: MLI) today announced that it entered into a Standstill Agreement with Leucadia National Corporation (NYSE: LUK) whereby Leucadia agreed to own no more than 27.5% of Mueller's outstanding common stock and Leucadia is entitled to appoint up to two directors to the...
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Barrington Research Maintains Nordson PT
Friday, September 2, 2011 - 1:32pm | 106Read More...Barrington Research maintained its Nordson (NASDAQ: NDSN) $45 price target in a research report published today. Barrington Research has previously given Nordson an Outperform rating. In the report, Barrington Research states, "In our view, the Value Plastics acquisition was expensive, but we have...
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American Capital Achieves a Gain of $93M and Receives $138M in Proceeds From Value Plastics Exit
Friday, September 2, 2011 - 11:00am | 143Read More...American Capital Ltd. (Nasdaq: ACAS) announced today that on August 26, 2011 its portfolio company VP Acquisition Holdings, Inc. was acquired by Nordson Corporation (Nasdaq: NDSN) for $250 million. American Capital received $138 million in proceeds and realized a gain of $93 million during the...
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UPDATE: Brean Murray Carret Lowers Price Target On Met-Pro To $14
Friday, September 2, 2011 - 6:40am | 66Read More...According to Brean Murray Carret, Met-Pro (NYSE: MPR) price target is lowered to $14. Brean Murray Carret said that Met-Pro's 2QFY12 results came in just shy of the expectations on the top and bottom line. “Quarterly results asidem we believe the company's end markets continue to improve as...
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Brean Murray Lowers PT On Met-Pro To $14
Friday, September 2, 2011 - 4:47am | 28Read More...Brean Murray Carret & Company has lowered the price target on Met-Pro (NYSE: MPR) from $15 to $14 and maintains its Buy rating.
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US Stock Futures Down; Economic Data In Focus
Thursday, September 1, 2011 - 5:16am | 412Read More...US stock futures are lower this morning, as investors are awaiting data on weekly jobless claims and manufacturing activity. Futures for the Dow Jones Industrial Average dipped 49 points to 11,554.00 and S&P 500 index futures fell 6.90 points to 1,210.80. Nasdaq 100 futures dropped 7.50 points...
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Earnings Scheduled For September 1
Thursday, September 1, 2011 - 2:52am | 327Read More...Quiksilver Inc (NYSE: ZQK) is expected to report its FQ3 EPS at $0.08 on revenue of $472.18 million. Cascade Corporation (NYSE: CASC) is estimated to report its Q2 EPS at $1.30 on revenue of $135.87 million. UTi Worldwide Inc (NASDAQ: UTIW) is expected to report its Q2 EPS at $0.21 on revenue of...
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Flowserve Receives Contract for Singapore Desalination Plant
Wednesday, August 31, 2011 - 4:55pm | 223Read More...Flowserve Corporation (NYSE: FLS) today announced a contract from Hyflux Ltd. to provide energy recovery devices for the Tuaspring Desalination Plant in Singapore. Under the agreement, Flowserve will manufacture 68 CALDER Dual Work Exchange Energy Recovery (DWEERTM) units used in the yet-to-be...
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Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Equipment Order Valued at $500K
Wednesday, August 31, 2011 - 9:12am | 71Read More...Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Environmental Air Solutions business unit has received an order, valued at nearly $500,000, to supply a Duall brand industrial odor control system to a leading food and...
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Timken to Acquire Drives, Further Expanding Power Transmission Line
Wednesday, August 31, 2011 - 9:02am | 67Read More...The Timken Company (NYSE: TKR) today announced it has agreed to acquire privately held Drives LLC for $92 million in cash. Based in Fulton, Ill., Drives is a leading manufacturer of highly engineered drive-chains, roller-chains and conveyor augers for the agricultural and industrial marketplace....
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Timken to Acquire Drives for $92M
Wednesday, August 31, 2011 - 7:43am | 67Read More...The Timken Company (NYSE: TKR) today announced it has agreed to acquire privately held Drives LLC for $92 million in cash. Based in Fulton, Ill., Drives is a leading manufacturer of highly engineered drive-chains, roller-chains and conveyor augers for the agricultural and industrial marketplace....
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Jefferies Has Buy On Donaldson
Tuesday, August 30, 2011 - 6:50am | 123Read More...Jefferies & Co. is out with a research report on Donaldson (NYSE: DCI) and it has a Buy rating and a $71 price target on shares. In a note to clients, Jefferies & Co. writes, "Q4 EPS of $0.84 was $0.05 above consensus and $0.08 above our estimate as sales increased 21% (13% price/volume, 8...
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Financial Breakfast for August 30, 2011
Tuesday, August 30, 2011 - 6:41am | 655Read More...This is your Benzinga news summary and traders' outlook for Tuesday, August 30, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading lower. At last check, S&P futures are down by about 5 points or (0.43...
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Bank of America Merrill Lynch Neutral On Donaldson Company
Tuesday, August 30, 2011 - 6:34am | 152Read More...Bank of America Merrill Lynch is out with a research report on Donaldson Company (NYSE: DCI) and it has a Neutral rating and a $61 price target on shares. In a note to clients, Bank of America Merrill Lynch writes, "DCI FY4Q11 results were healthy with strong growth across segments. Based on...
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Bank of America Raises PO On Donald Company To $61
Tuesday, August 30, 2011 - 5:43am | 29Read More...Bank of America has raised the price target on the Donaldson Company (NYSE: DCI) from $58 to $61 and maintains its Neutral rating.
