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Fly News Breaks for April 9, 2018
ITW, MMM, JCI, IR, GDI, HON
Apr 9, 2018 | 07:41 EDT
Citi analyst Andrew Kaplowitz tells investors to take advantage of the year-to-date weakness in Multi-Industry stocks ahead of the Q1 earnings season. U.S. tax reform, a still strong developing market environment and a slowly improving project-based environment should be catalysts for growth, Kaplowitz writes in a research note. The analyst prefers shares of Honeywell (HON), Gardner Denver (GDI), Ingersoll-Rand (IR), Johnson Controls (JCI), 3M (MMM) and Illinois Tool Works (ITW).
News For HON;GDI;IR;JCI;MMM;ITW From the Last 2 Days
HON
Mar 27, 2024 | 05:19 EDT
Honeywell announced the intention to acquire the entire share capital of Civitanavi Systems. Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of EUR 6.30 per share in cash, an equity value of approximately EUR 200M. Together with Civitanavi, Honeywell will be able to offer a broader set of technologies to its customers across the globe. The purchase price payable at closing represents a premium of approximately 27.1% to the 30-day volume-weighted average trading price of Civitanavi's stock ended on March 26, the last day of trading before the announcement of the transaction. Honeywell has already secured the commitment of Civitanavi's controlling shareholder, which owns approximately 66% of Civitanavi's outstanding shares to tender its shares. The transaction is not subject to any financing condition and is expected to close in the third quarter of 2024, subject to customary closing conditions, including among the others: receipt of required antitrust clearance; receipt of required clearances pursuant to the foreign direct investment regulations in Italy, United Kingdom and Canada and the tender of at least 95% of Civitanavi's outstanding shares.
MMM
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
MMM
Mar 26, 2024 | 12:08 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here