Debenture Exchanges, Acquisitions, and Upcoming Events - Analyst Notes on Grainger, Fastenal, WESCO, MSC, and EnPro
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NEW YORK, April 1, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding W.W. Grainger, Inc. (NYSE: GWW), Fastenal Company (NASDAQ: FAST), WESCO International, Inc. (NYSE: WCC), MSC Industrial Direct Co Inc. (NYSE: MSM), and EnPro Industries, Inc. (NYSE: NPO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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W.W. Grainger, Inc. Analyst Notes
W.W. Grainger, Inc. (Grainger) posted on its Events page that it has scheduled its Q1 2014 earnings release and podcast on April 16, 2014 at 8:00 a.m. ET. Additional information regarding the event will be posted on Grainger's website. According to Zacks Investment Research data, the consensus EPS estimate for Grainger for Q1 2014 is $2.97. The full analyst notes on W.W. Grainger, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04012014/GWW/report.pdf
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Fastenal Company Analyst Notes
The Fastenal Company (Fastenal) posted on its Events section that the Company has scheduled its 2013 Annual Shareholders Meeting on April 16, 2013, at 10:00 a.m. CT. Additional details regarding the event will be posted on Fastenal's website. Fastenal is engaged in selling industrial and construction supplies in a wholesale and retail fashion. The full analyst notes on Fastenal Company are available to download free of charge at:
http://www.AnalystsReview.com/04012014/FAST/report.pdf
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WESCO International, Inc. Analyst Notes
On March 17, 2014, WESCO International, Inc. (WESCO) announced that its subsidiary, WESCO Distribution, Inc., has completed its previously announced acquisition of Hazmasters, Inc. (Hazmasters) through its wholly-owned Canadian subsidiary. According to WESCO, the acquisition is expected to be accretive to earnings by c. $0.05 per diluted share in the first year of operation. The Company informed that Hazmasters is a leading independent Canadian distributor of safety products servicing customers in the industrial, construction, commercial, institution, and government markets. The full analyst notes on WESCO International, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04012014/WCC/report.pdf
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MSC Industrial Direct Co Inc Analyst Notes
MSC Industrial Direct Co Inc (MSC) posted on its Events page that the Company will hold Atlanta Customer Appreciation Day on May 8, 2014. The Company informed that the event will take place from 8.30 a.m. to 3.00 p.m. at 6700 Discovery Boulevard, Mableton, Georgia. Additional information regarding the event will be posted on MSC's website. The full analyst notes on MSC Industrial Direct Co Inc are available to download free of charge at:
http://www.AnalystsReview.com/04012014/MSM/report.pdf
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EnPro Industries, Inc. Analyst Notes
On March 24, 2014, EnPro Industries, Inc. (EnPro) announced that it has finalized a second exchange of its 3.9375% Convertible Senior Debentures due 2015. EnPro stated that approximately $26.6 million in aggregate principal amount of the debentures for an aggregate of 803,240 shares of EnPro's common stock, including cash payment of accrued and unpaid interest and for fractional shares, were exchanged by 4 holders via privately negotiated transactions. The Company informed that these transactions reduce the aggregate principal amount of the debentures outstanding to c. $116.4 million, eliminating future interest payments associated with the exchanged debentures, which will result in cash savings of c. $3.5 million. EnPro also announced that the aggregate principal amount of the debentures that remain outstanding will continue to be convertible by holders of the debentures through June 30, 2014. The full analyst notes on EnPro Industries, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04012014/NPO/report.pdf
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