Market Activity, Regulatory Notifications, Secondary Offering, Upcoming Conferences, Technology Collaboration - Research Reports on Air Products, SeaDrill, Praxair, Fossil and Pinnacle Foods
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, September 12, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Air Products & Chemicals Inc. (NYSE: APD), SeaDrill Limited (NYSE: SDRL), Praxair Inc. (NYSE: PX), Fossil Group, Inc. (NASDAQ: FOSL) and Pinnacle Foods Inc. (NYSE: PF). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6418-100free.
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Air Products & Chemicals Inc. Research Reports
On September 9, 2014, shares in Air Products & Chemicals Inc. (Air Products) fell 1.42% to end the trading session at $130.11, tracking losses in the broader U.S. market, as investors bet the Federal Reserve would hike interest rates earlier than expected. The NASDAQ Composite ended at 4,552.29, down 0.87%, while the Dow Jones Industrial Average finished the day 0.57% lower at 17,013.87, along with the S&P 500 that closed the day at 1,988.44, down 0.65%. The losses were broad based as all the ten sectors ended the session in negative. Meanwhile, the stock of Air Products opened at day's high of $132.04 and touched an intraday low of $129.52. A total of 1.26 million shares changed hands, close to its 30-day average trading volume of $1.11 million shares. Year-till-date, the stock has returned 16.40%. The full research reports on Air Products are available to download free of charge at:
http://www.analystsreview.com/Sep-12-2014/APD/report.pdf
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SeaDrill Limited Research Reports
On September 4, 2014, SeaDrill Limited (SeaDrill), in a regulatory announcement, notified that the Company has settled a Total Return Swap agreement (TRS) expiring on September 3, 2014 with 4 million common shares in Seadrill as underlying security. Subsequently, the Company entered into a new TRS agreement with exposure to 4 million Seadrill common shares. The expiry date for the new TRS is December 3, 2014 and the reference price is NOK233.3833 per share (Norwegian Krone). Seadrill currently has a holding of 324,740 of its own treasury shares. The full research reports on SeaDrill are available to download free of charge at:
http://www.analystsreview.com/Sep-12-2014/SDRL/report.pdf
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Praxair Inc. Research Reports
As per the Events Calendar section on the official website of Praxair Inc. (Praxair), the Company will participate at the Upcoming Credit Suisse Basic Materials Conference on September 17, 2014. Stephen F. Angel, Praxair's Chairman, President and CEO, will take part in the conference, which will held at One Madison Avenue, in New York. The full research reports on Praxair are available to download free of charge at:
http://www.analystsreview.com/Sep-12-2014/PX/report.pdf
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Fossil Group, Inc. Research Reports
On September 5, 2014, Fossil Group, Inc. (Fossil) and Intel Corporation (Intel) announced that they will be collaborating to further develop wearable technology for the fashion industry. Both the Companies will work together to identify, support and develop emerging trends in the wearable technology space. In addition, Fossil will work in close cooperation with Intel Capital - Intel's global investment organization, to identify and evaluate co-investments in emerging technologies to speedup industry innovation and stay at the forefront of the wearable consumer trend. Reacting to the alliance, Kosta Kartsotis, CEO, Fossil, commented, "We are very excited about collaborating with Intel and working to develop the next innovation in the emerging wearable technology space. Combining our fashion lifestyle brands with Intel's expertise in technology, hardware and innovation will position us to be a leader in this segment." The full research reports on Fossil are available to download free of charge at:
http://www.analystsreview.com/Sep-12-2014/FOSL/report.pdf
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Pinnacle Foods Inc. Research Reports
On September 9, 2014, shares in Pinnacle Foods Inc. (Pinnacle Foods) fell 4.65% compared to the previous day's close, amidst high trading volumes, to end the trading session at $31.99. A total of 5.47 million shares changed hands, significantly higher than the 30-day average trading volume of 0.61 million shares. A day before, on September 8, 2014, the Company announced that certain of its stockholders, consisting primarily of affiliates of Blackstone Group, intend to offer for sale in an underwritten secondary offering 15 million shares of the Company's common stock, pursuant to the Company's shelf registration statement to be filed with the SEC. Pinnacle Foods expects the offering to close on September 12, 2014, subject to customary closing conditions. The full research reports on Pinnacle Foods are available to download free of charge at:
http://www.analystsreview.com/Sep-12-2014/PF/report.pdf
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