Exchange Offer Results, Upcoming Conference Calls, and Business Divestures - Analyst Notes on Weyerhaeuser, Northrop Grumman, Plum Creek, Xylem and Triumph
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NEW YORK, July 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Weyerhaeuser Company (NYSE: WY), Northrop Grumman Corporation (NYSE: NOC), Plum Creek Timber Co. Inc. (NYSE: PCL), Xylem Inc (NYSE: XYL) and Triumph Group Inc. (NYSE: TGI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4535-100free.
Weyerhaeuser Company Analyst Notes
On July 3, 2014, Weyerhaeuser Company (Weyerhaeuser) released preliminary results of its exchange offer for its common shares in connection with the split-off transaction of Weyerhaeuser Real Estate Company (WRECO), its homebuilding business. Weyerhaeuser informed that in the exchange offer, its shareholders had the option to exchange some, none or all of their Weyerhaeuser common shares for WRECO common shares, subject to proration. According to the Company, pursuant to the exchange offer which expired at 12:00 midnight ET, on July 2, 2014, and based on a preliminary count, approximately 207.2 million of the Company's common shares in total were tendered prior to the expiration of the exchange offer, including 102.4 million shares tendered pursuant to guaranteed delivery procedures. The Company informed that the total number of its common shares tendered includes an estimated 320,817 shares tendered by odd-lot shareholders. Weyerhaeuser added that it will exchange a total of approximately 58.8 million of its common shares in the exchange offer, resulting to all WRECO common shares owned by the Company to be distributed to its shareholders who tendered their shares in the exchange offer. The full analyst notes on Weyerhaeuser are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/WY/report.pdf
Northrop Grumman Corporation Analyst Notes
On July 1, 2014, Northrop Grumman Corporation (Northrop Grumman) announced that it will release its Q2 2014 financial results on Wednesday, July 23, 2014.The Company stated that it will hold a conference call at 12:00 p.m. EDT wherein its Chairman, CEO, and President, Wes Bush, and CFO, Jim Palmer, will review the Q2 2014 results. According to the Company, a live webcast of the conference call and replay of the same will be accessible at its website. Additionally the quarterly earnings release as well as the presentation slides of the call will also be posted on the Company's website. The full analyst notes on Northrop Grumman are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/NOC/report.pdf
Plum Creek Timber Co. Inc. Analyst Notes
On July 2, 2014, Plum Creek Timber Co. Inc. (Plum Creek) announced that it will release its Q2 2014 earnings on Monday, July 28, 2014, after the stock market closes. The Company stated that on the same day Rick Holley, Plum Creek's CEO, will lead a conference call to discuss the results at 5:00 p.m. ET (2:00 p.m. PT). According to the Company, a live webcast of the call can be accessed through its website. The full analyst notes on Plum Creek are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/PCL/report.pdf
Xylem Inc Analyst Notes
On July 1, 2014, Xylem Inc (Xylem) announced the sale of Xylem Flow Control Limited, its Wolverhampton, United-Kingdom-based valves business, to Rotork plc, an actuator manufacturer and flow control company, for approximately $30 million (previously announced at $25 million). According to the Company, Xylem Flow Control Limited, which is a part of Xylem's Applied Water Systems (AWS) Growth Center provides a wide range of pneumatic and hydraulic valves and related products to original equipment manufacturers, principally in the oil and gas sector. Patrick Decker, President and CEO of Xylem said, "This sale enables us to focus more sharply on our strategic core businesses and our strengths as a water technology focused company. At the same time, this business is a strong fit with Rotork's portfolio and leading brands. I am confident that this business will benefit from its integration into Rotork's portfolio and alignment with their long-term goals." According to the Company, in 2013, the Xylem Flow Control Limited reported sales of $25 million. The full analyst notes on Xylem are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/XYL/report.pdf
Triumph Group Inc. Analyst Notes
On July 3, 2014, Triumph Group Inc. (Triumph) announced that it will release its Q1 FY 2015 earnings on July 30, 2014, after the market closes. The Company informed that following the earnings release, it will also conduct a conference call hosted by Triumph's President and CEO Jeffry D. Frisby, and Senior Vice President and CFO Jeffrey L. McRae, on July 31, 2014, at 8:30 a.m. ET. According to the Company, a live webcast of the call along with the slide presentation will be available at its website. Additionally a replay of the webcast for 90 days will also be available at the same location. The full analyst notes on Triumph are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/TGI/report.pdf
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