Dividend Increases, Investments, Redemption of Notes, Agreements, and Successful Spin-offs - Analyst Notes on GE, Eaton, 3M, UTC, and Dover
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, March 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding General Electric Company (NYSE: GE), Eaton Corporation (NYSE: ETN), 3M Company (NYSE: MMM), United Technologies Corporation (NYSE: UTX), and Dover Corporation (NYSE: DOV). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
General Electric Company Analyst Notes
On February 26, 2014, General Electric Company (GE) announced that it has reached an agreement with Shinsei Bank (Shinsei) to end GE's obligation to reimburse Shinsei for refunds of interest paid in excess of the statutory interest rate by customers of the Japanese consumer finance business which was sold by GE Capital Corporation (GECC), a subsidiary of GE, to Shinsei in 2008. GE stated thatunder the transaction, GECC and Shinsei agreed to a loss-sharing arrangement for potential "Grey Zone" interest claims, with a buyout option to end the obligation in Q1 2014. The Company informed that according to the agreement, GECC will pay ¥175 billion ($1.7 billion) to Shinsei. GE added that GECC will record an addition to reserves in discontinued operations of $1.0 billion for 2013, which will reduce GE's Q4 2013 and full-year 2013 net earnings by $1.0 billion and diluted EPS by $0.09. The full analyst noteson General Electric Company are available to download free of charge at:
http://www.AnalystsReview.com/03052014/GE/report.pdf
Eaton Corporation Analyst Notes
On February 26, 2014, Eaton Corporation (Eaton) reported that its Board of Directors has declared a 16.7% increase in the Company's quarterly cash dividend, from $0.42 per common share to $0.49 per common share. Eaton stated that the dividend is payable on March 21, 2014, to shareholders of record at the close of business on March 10, 2014. The full analyst noteson Eaton Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03052014/ETN/report.pdf
3M Company Analyst Notes
On March 3, 2014, 3M Company (3M) reported that it has invested inFlorida-basedMSi Lighting (MSi), a company that 3M has been working with for the past year on a line of LED lights for multiple applications. Commenting on the investment, Gabi Sabongi, Vice President of 3M Corporate Ventures, stated, "Solid-state lighting technology has the potential to reduce U.S. lighting energy usage by nearly one half and contribute significantly to the nation's climate change solutions. MSI's technology is a great fit with 3M and takes our business relationship to the next level in a way that complements both companies." John Burke, President of MSi, added, "The relationship between MSi and 3M is already strong. This investment allows us to further share ideas and innovations in LED. With 3M's range of technologies and expertise in optical science, we are very excited about the future and new ways to serve customers." The full analyst noteson 3M Company are available to download free of charge at:
http://www.AnalystsReview.com/03052014/MMM/report.pdf
United Technologies Corporation Analyst Notes
On February 28, 2014, United Technologies Corporation (UTC) reported that it has called for redemption of all outstanding Goodrich 6.29% Notesdue 2016 (the 2016 Notes). The Company informed that the outstanding aggregate principal amount of the 2016 Notes is c.$187.9 million, with redemption date of April 1, 2014. UTC stated that the redemption price for the 2016 Notes will be the greater of: (i) 100% of the principal amount of the Notes; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes, discounted to the redemption date,on a semi-annual basis, using a reference treasury rate plus 25 basis points. The full analyst noteson United Technologies Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03052014/UTX/report.pdf
Dover Corporation Analyst Notes
On February 28, 2014, Dover Corporation (Dover) announced that it has successfully completed the spin-off of Knowles Corporation (Knowles) from the Company through a distribution of all of the common stock of Knowles held by Dover to Dover shareholders. The Company informed that under the terms of the distribution, Dover shareholders were distributed one share of Knowles common stock for every two shares of Dover common stock they held as of the close of business on the record date February 19, 2014.Dover added that it did not issue fractional shares of Knowles' common stock in the distribution, andfractional shares that Dover shareholders would otherwise have been entitled to receive were aggregated and are for sale in the public market by the distribution agent. Further, the Company informed that the aggregate net cash proceeds of the sales will be distributed ratably to those shareholders who would otherwise have been entitled to receive fractional shares. The full analyst noteson Dover Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03052014/DOV/report.pdf
About Analysts Review
We provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
=============
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] AnalystsReview.com.
- For any urgent concerns or inquiries, please contact us at compliance [at] AnalystsReview.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] AnalystsReview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Analysts Review in this article or report according to the Procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article