Increased Credit Facility, Merger Agreements, New Contracts, and Dividends - Research Report on GE, Flow, Xylem, Lennox, and IDEX
NEW YORK, October 1, 2013 /PRNewswire/ --
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Today, Investors' Reports announced new research reports highlighting General Electric Company (NYSE: GE), Flow International Corp. (NASDAQ: FLOW), Xylem Inc. (NYSE: XYL), Lennox International Inc. (NYSE: LII), and IDEX Corporation (NYSE: IEX). 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 26, 2013, General Electric Company (GE) reported that GE Capital's Transportation Finance business has announced that it has increased its credit facility for Rush Enterprises, Inc. (Rush) to a total of $750 million as compared to the previous facility of $600 million. As stated by the Company, Rush will use the funds to purchase new and used truck inventory. Dan Clark, President and General Manager of GE Capital, Transportation Finance, said, "Rush is a key player in the U.S. trucking industry and we're proud to help them grow their business. As dealers continue to grow their businesses, either through acquisition or organically, they need to have a reliable source of funding and that is what we offer. And that's why Rush and many other successful dealerships look to GE Capital for funding." As stated in the announcement, GE Capital and its preliminary companies have been financing equipment for Rush for 30 years and the new agreement extends through July 11, 2016. 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/2013-09-26/GE]
Flow International Corp. Research Report
On September 25, 2013, Flow International Corp. (Flow International) announced that it has entered into a definitive agreement to be acquired by American Industrial Partners (AIP) at a transaction value of more than $200 million. According to the merger agreement, AIP will acquire all of the outstanding shares of Flow International's common stock for $4.05 per share in cash. Charley Brown, President and CEO of Flow International said, "I am pleased to announce this agreement, which maximizes value for all of our shareholders. This transaction represents a successful conclusion to our extensive "strategic alternatives" investigation, during which the Company contacted many strategic and financial partners." According to the Company, the transaction is expected to close in early 2014 and is subject to the approval of Flow International's shareholders, regulatory approvals, and other customary closing conditions. The Full Research Report on Flow International Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/FLOW]
Xylem Inc. Research Report
On September 26, 2013, Xylem Inc. (Xylem) announced that it has successfully won a contract worth c.$1.9 million to provide ozone generation and introduction system, ensuring safe municipal water supply on Jinshan district of Shanghai. The Company stated that it will provide its WEDECO-branded ozone generation and introduction system as well as the accompanying accessories, along with Xylem's integrated service package, TotalCareSM for the Jinshan First Water Plant. Shuping Lu, Vice President and Country Director for Xylem China said, "We are honored to have been chosen to help provide high quality and safe potable water for the Jinshan district in Shanghai. This contract is a meaningful example of how Xylem's reliable and efficient technology is supporting urbanization in the region, as it is the largest ozone contract in China to date." The Full Research Report on Xylem Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/XYL]
Lennox International Inc. Research Report
On September 19, 2013, Lennox International Inc. (Lennox International) announced that its Board of Directors has approved a quarterly cash dividend in the amount of $0.24 per common share. The dividend is payable on October 15, 2013 to shareholders of record as of October 3, 2013. The Full Research Report on Lennox International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/LII]
IDEX Corporation Research Report
On September 24, 2013, IDEX Corp. (IDEX) announced that its Board of Directors has declared a regular quarterly cash dividend in the amount of $0.23 per common share. According to the Company, the dividend is payable on October 31, 2013 to shareholders of record on October 15, 2013, representing the Company's 76th consecutive quarterly cash dividend payment. The Full Research Report on IDEX Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/IEX]
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