Exclusive Contracts, Mergers, and Financial Results - Research Report on GE, John Deere, Caterpillar, Zoltek, and Lennar
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NEW YORK, October 2, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting General Electric Company (NYSE: GE), Deere & Company (NYSE: DE), Caterpillar Inc. (NYSE: CAT), Zoltek Companies Inc. (NASDAQ: ZOLT), and Lennar Corporation (NYSE: LEN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
General Electric Company Research Report
On September 27, 2013, GE Healthcare (GEHC), a unit of General Electric Company (GE), announced that it has won a tender to exclusively provide next generation sequencing (NGS) services to a research group at Karolinska Institutet in Sweden. GEHC reported that its subsidiary SeqWright Genomic Services will provide the sequencing services. Ger Brophy, Chief Technology Officer Life Sciences, GEHC, said, "Understanding how genetic variations at the molecular level affect disease is critical to the discovery and development of new and more effective therapies for complex diseases such metastatic breast cancer. While antibody-based analysis of biomarkers are the cornerstone to diagnosing breast cancer, uncovering the broader molecular landscape of complex cancers using genome-wide screening tools such as NGS, will be critical to the future of therapeutic decision making and new therapeutic development." The Full Research Report on General Electric Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-30/GE]
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Deere & Company Research Report
On September 27, 2013, Deere & Company (John Deere) announced the donation of $400,000 worth of equipment and attachments that will be used to restore and maintain the turf and grounds at the National Mall. According to the Company, the multi-year restoration is focused on improving the ability of the National Mall to serve the public need for national celebrations, demonstrations, festivals, and other special events. The equipment donated by John Deere will be used on the 3rd Street to the 7th street on the National Mall, and will also be used in the planned restoration of the rest of National Mall grounds set to begin in 2014. The Company informed that among the donated equipment were: the Z925M Flex Fuel ZTrak mower; Terrain Cut 8800 rotary mower with B20 biodiesel conversion kit; 1565 front mower with biodiesel conversion kit and hard cab; 4720 compact utility tractor with loader, backhoe and other Frontier attachments; TX Turf Gator utility vehicle with deluxe cab; Two ProGator™ 2030A utility vehicles and HD 300 SelectSpray Sprayer; Aercore 800 and Aercore 2000; TC125 materials collection system; 1200A bunker rake; and the X739 lawn tractor, snow blower and other attachments. The Full Research Report on Deere & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-30/DE]
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Caterpillar Inc. Research Report
On September 27, 2013, Caterpillar Inc. (Caterpillar) reported that earlier in 2013, the Company and OCEARCH had agreed to a multi-year partnership to help propel the OCEARCH organization's global research on sharks. The Company stated that OCEARCH uses Cat® equipment to power the MV OCEARCH, a 126-foot vessel that serves as an at-sea laboratory. Caterpillar reported that a set of new generators were recently installed on the vessel, which are C4.4 99 EKW and C6.6 125EKW. The Full Research Report on Caterpillar Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-30/CAT]
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Zoltek Companies Inc. Research Report
On September 26, 2013, Zoltek Companies Inc. (Zoltek) announced that the Company has entered into a merger agreement with Toray Industries, Inc. (Toray). Under the agreement, Toray will acquire all of Zoltek's outstanding shares for $16.75 per share in cash, for a total equity value of approximately $584 million. Upon closing of the transaction, Zoltek will be a wholly owned subsidiary of Toray and operate as a separate business unit. The Company reported that the transaction is not subject to any financing condition and the parties are targeting a late 2013 or early 2014, subject to customary closing conditions, including the approval of the Company's shareholders and certain regulatory approvals. Zsolt Rumy, Zoltek's Chairman and CEO entered in a voting agreement with Toray, under which he agreed to vote his Company's stock, representing approximately 18% of the Company's outstanding shares, in favor of the merger. The Full Research Report on Zoltek Companies Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-30/ZOLT]
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Lennar Corporation Research Report
On September 24, 2013, Lennar Corporation (Lennar) reported its Q3 FY 2013 financial results (period ended August 31, 2013). The Company's total revenues grew 45.7% YoY to $1.6 billion during the quarter. Net earnings attributable to Lennar was $120.7 million or $0.54 per diluted share in Q3 FY 2013, compared to net earnings attributable to Lennar of $87.1 million or $0.40 per diluted share in Q3 FY 2012. Stuart Millar, CEO of Lennar, said, "During the third quarter, our gross margin percentage on home sales improved to 24.9%, while our S,G&A expenses as a percentage of home sales revenue decreased to 10.2%, driving strong operating leverage as evidenced by an operating margin percentage of 14.7%. Despite a moderating sales pace, the number of new home orders in the quarter increased 14%, with a 16% increase in average sales price, resulting in a 32% increase in the dollar value of new home orders from the prior year period."The Full Research Report on Lennar Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-30/LEN]
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