Company News for June 14, 2011 - Corporate Summary
June 14 2011 - 5:10AM
Zacks
• Share prices of Transatlantic Holdings
(NYSE: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 (NYSE: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. (NYSE:HON)
announced plans to buy maker of wireless-communications products
EMS Technologies, Inc. (NASDAQ:ELMG) for $33 a share
• Share prices of supplier of automated
manufacturing systems Gerber Scientific, Inc. (NYSE: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. (NYSE:HNR) reported that it has found oil off the
coast of West Africa
• U.S.-listed shares of Israeli computer-services
Ness Technologies, Inc. (NASDAQ:NSTC) rose 13.70% after Citi
Venture Capital International said it will buy the company for $307
million
• Clothing-brand owner VF Corp. (NYSE:VFC) said
it will buy clothing and footwear company Timberland Co. (NYSE:TBL)
in a deal worth $2 billion, or $43 a share
• Chinese wind-turbine technology developer China
Ming Yang Wind Power Group Ltd. (NYSE:MY) was downgraded by Credit
Suisse (NYSE:CS) from "Outperform" to "Neutral" rating
• Shares of Fairchild Semiconductor
International, Inc. (NYSE:FCS) were downgraded by Robert W. Baird
to "Neutral" rating with a target price of $17
• Analysts at Goldman Sachs (NYSE:GS)
downgraded shares of Pinnacle West Capital Corp (NYSE:PNW) from
"Buy" rating to "Neutral" rating
CREDIT SUISSE (CS): Free Stock Analysis Report
EMS TECH INC (ELMG): Free Stock Analysis Report
FAIRCHILD SEMI (FCS): Free Stock Analysis Report
GERBER SCIENTIF (GRB): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
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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