Fly News Breaks for July 24, 2015
Jul 24, 2015 | 13:34 EDT
As reported previously, BTIG downgraded Exterran to Neutral from Buy after the company delayed its planned spin-off of its international services and global fabrication businesses. The firm, which had seen the spin-off as a way for Exterran to unlock trapped value, said the failure of execution makes it much less likely that a spin will get done this year and possibly beyond.
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