NEW YORK, June 6, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please
scroll to bottom.
Today, Wall Street Reports announced new research reports
highlighting Ingersoll-Rand PLC (NYSE: IR), Dover Corp. (NYSE:
DOV), Roper Industries (NYSE: ROP), Flowserve Corporation (NYSE:
FLS), and Generac Holdings Inc. (NYSE: GNRC). Today's readers may
access these reports free of charge - including full price targets,
industry analysis and analyst ratings - via the links below.
Ingersoll-Rand PLC Research Report
On June 4, 2013, Ingersoll-Rand
PLC's (Ingersoll-Rand) Senior Vice
President and CFO, Steven R.
Shawley, presented at the J.P. Morgan 8th Annual Diversified
Industries Conference in New York
City. Steven discussed the Company's long-term strategy at
the conference. A replay of the webcast can be accessed at the
Ingersoll-Rand website for 30 days from the day of the event. The
Full Research Report on Ingersoll-Rand PLC - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/344f_IR]
--
Dover Corp. Research Report
On May 23, 2013, Dover Corporation
(Dover) announced that it plans to spin off certain of its
communication technologies businesses into a standalone, publicly
traded company. Upon completion of the spinoff, the new company,
Knowles Corporation (Knowles), will be an independent, global
technology and market leader in the communication technologies
space. Knowles will have significant product breadth in acoustic
components, including MEMs microphones, speakers, receivers and
transducers, as well as a solid position in communication
infrastructure components. The Company also announced that Jeffrey
Niew will serve as President and CEO of Knowles upon completion of
the transaction. He currently serves as the President and CEO of
Dover's Communication Technologies segment. Knowles, on a pro-forma
basis for 2013, will have $1.3
billion in annual revenue, with about two-thirds derived
from high-growth acoustic products. Prominent brands within the new
company will include Knowles, Sound Solutions, Dielectric, Novacap,
Syfer and Vectron. Knowles is expected to have its capital
structure, balance sheet and financial policies consistent with
investment grade credit metrics. The Full Research Report on Dover
Corp. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/69a0_DOV]
--
Roper Industries Research Report
On May 30, 2013, Roper Industries
(Roper) announced the pricing of its public offering of
$800 million of 2.05% Notes due 2018.
The offering is expected to close, subject to customary closing
conditions, on June 6, 2013. Starting
October 1, 2013, the interest on the
notes will be payable semi-annually on April
1 and October 1 of each year.
The notes will mature on October 1,
2018. The Company plans to use the net proceeds to repay
borrowings under its senior unsecured revolving credit facility.
The Full Research Report on Roper Industries - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/6f65_ROP]
--
Flowserve Corporation Research
Report
On June 3, 2013, Flowserve
Corporation (Flowserve) announced that it has established
June 21, 2013 as the distribution
date for the previously announced 3-for-1 split of the Company's
common stock to be effected in the form of a stock dividend. As
previously announced, the record date for the stock split will be
June 7, 2013. On the distribution
date, each shareholder of record will receive two additional shares
of common stock for each share held. At the request of the NYSE,
Flowserve also changed the previously announced record date for its
quarterly cash dividend on its common stock, which was declared on
May 23, 2013. The revised record date
for the cash dividend will be July 2,
2013, and the payable date remains July 12, 2013. As a result of the stock split,
the previously declared rate of $0.42
per share will be adjusted to $0.14
per share. The Full Research Report on Flowserve Corporation -
including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/ffc2_FLS]
--
Generac Holdings Inc. Research
Report
On June 3, 2013, Generac Holdings
Inc. (Generac) announced that it has completed a previously
disclosed amendment and restatement of its senior secured term loan
credit facility on May 31, 2013,
pursuant to which it has incurred $1.2
billion of senior secured term loans to replace its prior
term loan facilities. The new term loans will mature in 2020, with
interest initially accruing at LIBOR plus 2.75%, with a LIBOR floor
of 0.75%. Beginning in Q2 2014, the spread to LIBOR of the new term
loans can be reduced to LIBOR plus 2.50% to the extent that the
Company's net debt leverage ratio falls below 3.0 times. Generac
has also obtained a one-year extension of the maturity date of its
existing $150 million senior-secured,
asset-based revolving credit facility. The extended revolving
credit facility will terminate in 2018, and will continue to accrue
interest on drawn proceeds using an availability-based pricing grid
starting at LIBOR plus 2%. The Full Research Report on Generac
Holdings Inc. - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/25dd_GNRC]
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SOURCE Wall Street Reports