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Fly News Breaks for April 17, 2019
MCRN, ETN, TKR, AME, NNBR, CFX, GGG, KAMN, ATU, ITT
Apr 17, 2019 | 08:15 EDT
KeyBanc analysts Jeff Hammond and Steve Barger think moderating organic growth expectations in 2019 due to tough year over year comps may drive industrials to increasingly look toward inorganic avenues for market outgrowth, or to potentially divest businesses to right-size portfolios. The analysts view Ametek (AME), ITT (ITT), Graco (GGG), and Timken (TKR) as the top potential acquirers, and think Actuant (ATU), Colfax (CFX), Eaton (ETN), Kaman (KAMN), NN, Inc. (NNBR), and Milacron (MCRN) could benefit most from a strategic divestiture.
News For AME;ITT;GGG;TKR;ATU;CFX;ETN;KAMN;NNBR;MCRN From the Last 2 Days
ETN
Jul 18, 2019 | 16:49 EDT
Eaton announced it has completed the acquisition of Innovative Switchgear Solutions, Inc., a specialty manufacturer of medium-voltage electrical equipment serving the North American utility, commercial and industrial markets. Terms of the transaction were not disclosed.