Industrial Machinery / Equipment
DXP Enterprises, Inc. Announces Acquisition Of Alaska Pump & Supply, Inc.
DXP Enterprises, Inc. announced that the completion of the acquisition of Alaska Pump & Supply, Inc. (Alaska Pump), a distributor of pump products, process equipment and services for commercial, municipal and industrial applications within Alaska. Financial terms of the transactions were not disclosed. Signing of the definitive agreements occurred on July 1, 2013.
Cosmos Machinery Enterprises Ltd Announces Change Of CEO
Cosmos Machinery Enterprises Ltd announced that Mr. Wong Yiu Ming has resigned as the CEO and a member of the Nomination Committee of the Company with effect from July 1, 2013 and Mr. Tang Yu, Freeman, an executive director of the Company and a member of the Committee of Executive Directors of the Company, has been appointed as the CEO and a member of the Nomination Committee of the Company with effect from July 1, 2013.
Pursuit Dynamics Plc To Sell Pursuit Marine; In Reverse Takeover Talks-DJ
Dow Jones reported that Pursuit Dynamics Plc said it has entered into a conditional agreement to sell its U.K. subsidiary Pursuit Marine Drive Ltd., or PMD, to Cellulac Ltd. for up to GBP1 million , and that it is in advance-stage negotiations for an acquisition which would constitute a reverse takeover. In accordance with the AIM Rules, trading in the Company's ordinary shares have been suspended from 0630 GMT pending publication of an admission document by the Company, or an announcement that the proposed reverse acquisition is no longer proceeding. Should the proposed disposal proceed and the proposed acquisition not conclude, the Company will be treated as an investing company under AIM Rules and will send a circular seeking shareholders approval of an investing policy. A deposit of GBP50,000 in cash has already been paid for PMD to Pursuit Dynamics, or PDX; an additional GBP950,000 may become payable on December 31, or earlier, subject to certain milestones being met by Cellulac. Transaction also includes obligations to use reasonable endeavors to procure the transfer of two E.U. funded projects in biofuels and algae. Proceeds will be used for future opportunities to create value for shareholders. Upon completion of the proposed transaction, following approval at the general meeting, the Board will have eliminated almost all of the liabilities associated with PDX
Markets
- Sectors
- U.S.
- Europe
- Asia
Sector Summary
| Energy |  +0.45% |
| Basic Materials |  -0.41% |
| Industrials | +0.00% |
| Cyclical Goods & Services | +0.45% |
| Non-Cyclical Goods & Services | +0.05% |
| Financials | +0.19% |
| Healthcare | +0.01% |
| Technology | +0.62% |
| Telecoms | +0.51% |
| DOW | 15,042.72 | +67.76 |
+0.45% |
| S&P 500 | 1,622.88 | +7.92 |
+0.49% |
| NASDAQ | 3,450.12 | +15.63 |
+0.46% |
| TR US Index | 147.39 | +0.74 |
+0.50% |
Analyst Research
| Report Title | Price |
|---|---|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Bohai Securities Co.,Ltd.
|
$35.00
|
|
Provider: Auerbach Grayson & Co., Inc.
|
$50.00
|
|
Provider: Auerbach Grayson & Co., Inc.
|
$25.00
|
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
