Product Delivery, Acquisition Agreements, and Upcoming Financial Results - Research Reports on GE, Dresser-Rand, Lockheed Martin, MGM Resorts and Crown Castle
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NEW YORK, October 20, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding General Electric Company (NYSE: GE), Dresser-Rand Group Inc. (NYSE: DRC), Lockheed Martin Corporation (NYSE: LMT), MGM Resorts International (NYSE: MGM) and Crown Castle International Corp. (NYSE: CCI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7299-100free.
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General Electric Company Research Reports
On October 13, 2014, GE Capital Aviation Services (GECAS), the aircraft leasing unit of General Electric Company (GE), announced the signing of an agreement to acquire Milestone Aviation Group (Milestone), the Dublin-based helicopter lessor, for c. $1.8 billion. According to the Company, Milestone's fleet includes 168 helicopters worth $2.8 billion as well as a strong forward order and option book of $3 billion. Keith Sherin, Chairman & CEO, GE Capital said, "The Milestone acquisition is a great fit for GE - it combines GECAS' global reach and 45+ years in leasing commercial jets with a fast-growing helicopter financing platform that will diversify our business and put our capital to work at good returns. The addition of Milestone will deepen our domain expertise in aviation and oil and gas, two critical GE industries." The Company informed that the transaction remains subject to customary closing conditions, including regulatory approvals, and expected to close in 2015. The full research reports on GE are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/GE/report.pdf
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Dresser-Rand Group Inc. Research Reports
On September 21, 2014, Dresser-Rand Group Inc. (Dresser-Rand) announced that it has entered into a definitive merger agreement with Siemens under which Siemens will acquire all of the outstanding shares of Dresser-Rand's common stock for $83.00 per share in cash. As per the Company, the price represents a premium of 37.4% over Dresser-Rand's closing share price of $60.42 on July 16, 2014. However, additional per share cash consideration of $0.55 shall be applied on the first day of each month starting March 1, 2015, until the closing occurs. Dresser-Rand informed that the transaction is valued at approximately $7.6 billion, including the assumption of debt. According to the Company, Siemens intends to operate Dresser-Rand as the Company's oil and gas business while retaining the Dresser-Rand brand name and its executive leadership team. In addition, Siemens intends to maintain a significant presence in Houston, which will be the headquarters location of the oil and gas business of Siemens. "As the premium brand in the global energy infrastructure markets, Dresser-Rand is a perfect fit for the Siemens portfolio. The combined activities will create a world-class provider for the growing oil and gas markets," said Joe Kaeser, President and CEO of Siemens AG. Dresser-Rand expects the transaction to close in the summer of 2015 and is subject to Dresser-Rand's shareholder approval, regulatory approval in the U.S., Europe and certain other jurisdictions, and other customary closing conditions. The full research reports on Dresser-Rand are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/DRC/report.pdf
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Lockheed Martin Corporation Research Reports
On October 15, 2014, Lockheed Martin Corporation (Lockheed Martin) announced that the Company has delivered the first Geostationary Lightning Mapper (GLM) instrument, which will provide earlier alerts of developing severe storms and will also provide more accurate tornado warnings. As per Lockheed Martin, GLM will fly on the National Oceanic and Atmospheric Administration's (NOAA) next-generation Geostationary Operational Environmental Satellite (GOES) satellite missions, known as the GOES-R Series which is expected to launch in early 2016. The Company stated that GLM provides a new capability to track lightning flashes from geostationary orbit, with continuous coverage of the United States and most of the Western Hemisphere. Further, GLM instrument features include: a high-speed (500 frames per second), 1.8 megapixel focal plane, integrated with low-noise electronics and specialized optics to detect weak lightning signals. The full research reports on Lockheed Martin are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/LMT/report.pdf
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MGM Resorts International Research Reports
On October 16, 2014, MGM Resorts International (MGM Resorts) announced that the Company will report its Q3 2014 financial results on Thursday, October 30, 2014, before the market opens. MGM Resorts added that it will host a conference call on the same day at 11:00 a.m. ET, which will include a brief discussion of the results. The call will be accessible via the Investors section of the Company's website. The full research reports on MGM Resorts are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/MGM/report.pdf
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Crown Castle International Corp. Research Reports
On October 8, 2014, Crown Castle International Corp. (Crown Castle) announced that it plans to release its Q3 2014 results on Thursday, October 30, 2014, after the market closes. The Company informed that in conjunction with the release, it will conduct a conference call on Friday, October 31, 2014, at 10:30 a.m. ET. Crown Castle added that the live webcast of the call will be accessible via the Investors section of its website. Additionally, an archive of the call and supplemental materials will be available on the same location. The full research reports on Crown Castle are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/CCI/report.pdf
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