Key Developments: MOCON Inc (MOCO.W)
13.46USD
15 May 2013
$-0.91 (-6.33%)
$14.37
$13.46
$13.46
$13.46
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3
$15.35
$13.46
Latest Key Developments (Source: Significant Developments)
Mocon Inc Increases Quarterly Dividend
Mocon Inc announced that Board of Directors declared a quarterly cash dividend of eleven cents ($0.11) per share, payable on May 17, 2013, to shareholders of record on May 3, 2013. This is a 5% increase over the previous rate of ten and one-half cents per share. Full Article
Mocon Inc Announces Quarterly Dividend
Mocon Inc announced its Board of Directors declared a quarterly cash dividend of $0.105 per share, payable on February 15, 2013, to shareholders of record on February 1, 2013. Full Article
Mocon Inc Announces Quarterly Dividend
Mocon Inc announced that on August 23, 2012, Board of Directors declared a quarterly cash dividend of $0.105 per share, payable on November 16, 2012, to shareholders of record on November 2, 2012. Full Article
Mocon Inc Announces Quarterly Dividend
Mocon Inc announced that on May 24, 2012, its Board of Directors declared a quarterly cash dividend of $0.105 per share, payable on August 17, 2012, to shareholders of record on August 3, 2012. Full Article
MOCON Closes Acquisition Of PBI-Dansensor A/S
MOCON announced that it has closed the acquisition of PBI-Dansensor A/S (Dansensor) of Ringsted, Denmark, a privately-held manufacturer of specialized instrumentation for Modified Atmosphere Packaging (MAP) of foods, beverages, pharmaceuticals, and other perishable items. The transaction broadens MOCON’s product portfolio in the area of package testing and safety equipment. MOCON acquired 100% of the equity interests of Dansensor for DKK 112,000,000 (approximately $20,000,000) with two-thirds of that amount paid in cash at closing, and the remainder to be paid over four years pursuant to a seller note. To help finance the acquisition, MOCON executed a loan agreement with Wells Fargo Bank, N.A. which provides for a combination of a secured revolving credit line and term debt totaling $8.5 million. Full Article
MOCON, Inc. To Acquire Danish Packaging Technology Company
MOCON, Inc. announced that it has signed an agreement to acquire PBI-Dansensor A/S (Dansensor) of Ringsted, Denmark, a privately-held manufacturer of specialized instrumentation for Modified Atmosphere Packaging (MAP) of foods, beverages, pharmaceuticals, and other perishable items. The acquisition agreement contains customary closing conditions, and MOCON expects the closing to occur on or about April 2, 2012. Under the terms of the acquisition agreement, MOCON will pay an aggregate amount of approximately $20,000,000, two-thirds of which will be paid in cash at closing, and the remainder of which will be paid over four years pursuant to a seller note. Although MOCON cannot finalize the purchase price allocation until the closing and thus cannot yet assess the exact expected impact on its 2012 GAAP earnings, MOCON anticipates that the transaction will be slightly dilutive to its GAAP earnings in 2012 due to, among other things, the expected level of transaction-related charges. To help finance the acquisition, MOCON has obtained a commitment letter from Wells Fargo Bank, N.A. for a combination of a secured revolving credit line and term debt totaling $8.5 million. Full Article
MOCON Announces Quarterly Dividend
MOCON announced that on February 21, 2012, its Board of Directors declared a quarterly cash dividend of ten and one-half cents ($0.105) per share, payable on May 18, 2012, to shareholders of record on May 4, 2012. This is a five percent increase over the previous rate of ten cents per share. Full Article
MOCON Announces Quarterly Dividend
MOCON announced that on December 15, 2011, its Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on February 17, 2012, to shareholders of record on February 3, 2012. Full Article
MOCON Announces Quarterly Dividend
MOCON announced that on August 25, 2011, its Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on November 18, 2011, to shareholders of record on November 4, 2011. Full Article
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