Merger Agreement, Tender Offer Commencement, Contracts, Leadership Changes, and Market Activity - Research Reports on Encana, PPG, Williams Partners, Ecolab and HCA
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NEW YORK, October 30, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Encana Corporation (NYSE: ECA), PPG Industries Inc. (NYSE: PPG), Williams Partners L.P (NYSE: WPZ), Ecolab Inc. (NYSE: ECL) and HCA Holdings, Inc. (NASDAQ: HCA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7564-100free.
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Encana Corporation Research Reports
On October 10, 2014, Encana Corporation (Encana) commenced its tender offer (the Offer) for all of the issued and outstanding shares of Athlon Energy Inc. (Athlon) at a net price of $58.50 per share in cash. Encana informed that the Offer is being made pursuant to the previously announced agreement and Plan of Merger, dated as of September 27, 2014, between Encana, Athlon and Encana's indirect, wholly-owned subsidiary and is scheduled to expire at midnight, New York City time on Friday, November 7, 2014. As per the Company, the Offer is subject to certain conditions, including that at least a majority of the Athlon shares on a fully diluted basis have tendered to the Offer, expiration or termination of waiting period under the U.S. Hart-Scott-Rodino Act, amongst others. The full research reports on Encana are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/ECA/report.pdf
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PPG Industries Inc. Research Reports
On October 22, 2014, PPG Industries Inc. (PPG) reported that its aerospace transparencies group is designing windshields for the KC-390 military transport aircraft. According to the Company, the new windshields will be the largest glass windshields PPG has produced and the industry's first to have a compound bent shape affording ballistics resistance and night-vision capabilities. PPG stated that the Company is under contract with Embraer Defense and Security to design and manufacture production and spare windshields, side cockpit windows and fuselage windows for the KC-390 aircraft. Connie Poulsen, PPG's Global Director for military transparencies said, "PPG has a history of delivering complex technical solutions on time to Embraer, and that history was instrumental in Embraer's decision-making process for the KC-390. Our technical design capabilities and glass-bending expertise are critical to achieving the vision Embraer has for the KC-390 aircraft." The full research reports on PPG are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/PPG/report.pdf
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Williams Partners L.P Research Reports
On October 26, 2014, Williams Partners L.P. (Williams Partners) together with Access Midstream Partners (Access Midstream) announced a merger agreement under which Williams Partners will merge with a subsidiary of Access Midstream in a unit-for-unit exchange at a ratio of 0.86672 Access Midstream common units per Williams Partners common unit. As per the Company, Williams Companies Inc. (Williams) owns controlling interests in the two master limited partnerships (MLP). Williams Partners stated that upon completion of the merger, which is expected to occur by early 2015, the merged MLP is anticipated to be one of the largest and fastest growing MLPs with expected 2015 adjusted EBITDA of approximately $5 billion. Williams' CEO, Alan Armstrong said, "This is another big step toward our goal of becoming the leading natural gas infrastructure provider in North America. The combination of Access Midstream Partners' intense focus on natural gas gathering with Williams Partners' broader service offerings along the value chain is yielding even more robust growth opportunities. " The full research reports on Williams Partners are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/WPZ/report.pdf
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Ecolab Inc. Research Reports
On October 27, 2014, the stock of Ecolab Inc. (Ecolab) declined 1.85% to end the trading session at $110.64. During the session, shares in the Company opened at $112.54, and fluctuated in the range of $110.26 - $112.54, with a total of 1.85 million shares changing hands. Over the last one month, the Company's stock has declined by 5.08%, compared to the S&P 500 Index which fell 1.07% during the same period. The stock had a 52 week range of $97.65- $118.46. The full research reports on Ecolab are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/ECL/report.pdf
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HCA Holdings, Inc. Research Reports
On October 27, 2014, HCA Holdings, Inc. (HCA) announced that its Board of Directors have elected its CEO, R. Milton Johnson, to the role of the Board's Chairman, effective December 31, 2014. According to HCA, Mr. Johnson who joined the Company in 1982, has served on HCA's various financial and executive leadership positions including its President, CFO, and Executive Vice President. Johnson will replace Richard M. Bracken, who will retire from the company after 33 years, also effective December 31, 2014. Bracken, commented, "As a longtime HCA veteran and executive leader, Milton has a keen understanding of hospital operations and a strong commitment to HCA's patients-first culture. He is ideally suited to lead HCA to continued success." The full research reports on HCA are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/HCA/report.pdf
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