Dividend Declaration, Market Activity, Joint Venture, Acquisition, and Lawsuit - Research Reports on PotashCorp, FMC, EQT, SKECHERS and Kellogg
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NEW YORK, September 22, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Potash Corp. of Saskatchewan, Inc. (NYSE: POT), FMC Corp. (NYSE: FMC), EQT Corporation (NYSE: EQT), SKECHERS USA Inc. (NYSE: SKX) and Kellogg Company (NYSE: K). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6639-100free.
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Potash Corp. of Saskatchewan, Inc. Research Reports
On September 11, 2014, Potash Corporation of Saskatchewan Inc. (PotashCorp) announced that a $0.35 per share of quarterly dividend has been declared by its Board of Directors. The dividend is payable on November 4, 2014 to shareholders of record on October 14, 2014. The full research reports on PotashCorp are available to download free of charge at:
http://www.analystsreview.com/Sep-22-2014/POT/report.pdf
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FMC Corp. Research Reports
On September 8, 2014, FMC Corp. (FMC) announced a definitive agreement to acquire Cheminova A/S, a multinational crop protection company and a wholly owned subsidiary of Auriga Industries A/S, for $1.8 billion in cash. The transaction is expected to close in early 2015 and will be accretive to adjusted earnings in the first full year following the acquisition, FMC said. The Company stated that this acquisition will bring complementary technologies in insecticides and herbicides, which will enhance FMC's fungicide portfolio and add a growing micronutrient business. Commenting on the acquisition, Pierre Brondeau, FMC President, CEO and Chairman, said, "Cheminova is a company that we have long considered to be an attractive potential partner. It follows a similar strategic approach to FMC in applying technology to deliver solutions to its customers, and has a highly complementary product portfolio and geographic footprint. This transaction will broaden our Agricultural Solutions portfolio and significantly strengthen our market access in key agricultural end markets." The Company further stated that it will modify its previously announced separation plans by divesting Alkali Chemicals. The full research reports on FMC are available to download free of charge at:
http://www.analystsreview.com/Sep-22-2014/FMC/report.pdf
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EQT Corporation Research Reports
On September 2, 2014, EQT Corporation (EQT) announced that it has formed a joint venture (JV) - Mountain Valley Pipeline, LLC - with NextEra US Gas Assets, LLC, a subsidiary of NextEra Energy, Inc. The JV will construct and own the Mountain Valley Pipeline. The JV also announced the launch of a binding open season for the Mountain Valley Pipeline. The companies further announced that EQT, through one or more of its affiliates, including EQT Midstream Partners, LP, will operate the pipeline and own a majority interest in the JV. "As we move into a binding open season, securing the 1.5 Bcf per day of firm capacity confirms we have an economically viable project. Marcellus and Utica producers will have cost-effective access to the growing demand for natural gas for use by local distribution companies, manufacturers, and power generation facilities," stated Randy Crawford, Senior Vice President, EQT; and Chief Operating Officer, EQT Midstream Partners. The binding open season is scheduled to end on September 29, 2014, when the final project scope will be established. The full research reports on EQT are available to download free of charge at:
http://www.analystsreview.com/Sep-22-2014/EQT/report.pdf
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SKECHERS USA Inc. Research Reports
On September 17, 2014, SKECHERS USA Inc. (SKECHERS) announced the filing of a lawsuit against California-based retailer DB Shoe Company, LLC, for selling footwear under the name SUPER DREAM WALK 816 that infringes on the Company's SKECHERS GO WALK® product line. The lawsuit has been filed in the United States District Court for the Central District of California, seeking compensatory and punitive damages and injunctive relief for infringing on seven separate design patents of SKECHERS. David Weinberg, Chief Operating Officer of SKECHERS, said, "We will not allow our competitors and retailers to infringe on one of our most valuable intellectual properties, and we will continue to enforce our intellectual property rights against any company that develops footwear that infringes on the designs of SKECHERS GO WALK® as well as our other proprietary product lines." The full research reports on SKECHERS are available to download free of charge at:
http://www.analystsreview.com/Sep-22-2014/SKX/report.pdf
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Kellogg Company Research Reports
On September 17, 2014, shares of Kellogg Company (Kellogg) fell 1.68% from its previous day's close to end the trading session at $62.80. A total of 3.07 million shares changed hands, higher than the 30-day average trading volume of 1.55 million shares. The stock opened at $63.16 and traded in the range of $62.53 and $63.54. The stock has a 52-week low of $55.69 and a 52-week high of $69.50. Year-till-date, the stock has returned 2.83%, slightly outperforming its competitor, General Mills, which returned, 1.84% during the same time period. The full research reports on Kellogg are available to download free of charge at:
http://www.analystsreview.com/Sep-22-2014/K/report.pdf
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