Product's Sales Numbers, New Contracts, Mini-Tender Offers, Credit Facility Amendment Proposal, and Dividend Increments - Analyst Notes on Caterpillar, General Dynamics, Danaher, TransDigm and Masco
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NEW YORK, May 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Caterpillar Inc. (NYSE: CAT), General Dynamics Corp. (NYSE: GD), Danaher Corp. (NYSE: DHR), TransDigm Group Incorporated (NYSE: TDG) and Masco Corporation (NYSE: MAS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2789-100free.
Caterpillar Inc. Analyst Notes
On May 20, 2014, Caterpillar Inc. (Caterpillar), the biggest maker of construction and mining equipment, published its machine sales data for three months ended April 2014. The data showed that its global machine sales in three months through April 2014 fell 13% YoY, weighed down mainly by the weakness in Resource Industries segment. Caterpillar's Resource Industries segment saw sales falling 70% YoY in the Asia-Pacific region and 68% YoY in Latin America during the three months to April 2014. EMAE and North America sales were also down 45% YoY and 3% YoY, respectively. Further, the Company's total Construction Industries segment sales increased 6% YoY during the period. The full analyst notes on Caterpillar are available to download free of charge at:
http://www.analystsreview.com/2789-CAT-22May2014.pdf
General Dynamics Corp. Analyst Notes
On May 19, 2014, General Dynamics Corp. (General Dynamics) reported that the U.S. Army TACOM Life Cycle Management Command has awarded a $52.3 million contract modification to General Dynamics Land Systems-Canada, to develop upgrades in support of the U.S. Marine Corps Light Armored Vehicle (LAV) Mobility and Obsolescence (MOB) Upgrade and Integration Program. The Company informed that the contract was signed through the Canadian Commercial Corporation, a Crown Agency of the Canadian Government. Under this contract, General Dynamics will be responsible for developing a fully integrated replacement power pack, suspension, driveline, steering system and upgraded electrical components. The full analyst notes on General Dynamics are available to download free of charge at:
http://www.analystsreview.com/2789-GD-22May2014.pdf
Danaher Corp. Analyst Notes
On May 13, 2014, Danaher Corp. (Danaher) issued a press release urging its shareholders to reject TRC Capital Corporation's (TRC) below-market price "Mini-Tender Offer". According to Danaher, TRC made an unsolicited mini-tender offer to Danaher shareholders to purchase up to 2,000,000 shares of Danaher common stock at a price of $69.70 per share. TRC's offer price represents a discount of $3.11 per share, or 4.27%, below Danaher's closing price of $72.81 on May 7, 2014, the date of the offer. The full analyst notes on Danaher are available to download free of charge at:
http://www.analystsreview.com/2789-DHR-22May2014.pdf
TransDigm Group Incorporated Analyst Notes
On May 12, 2014, TransDigm Group Incorporated (TransDigm) announced that it has requested amendments to its senior secured credit facilities as the Company is deliberating over whether to pay a special dividend. The Company has requested that its senior lenders agree to amendments to its senior secured credit facilities to allow, among other things, a special dividend, to increase its existing senior secured term facility by $625 million, to change certain ratios in its existing senior secured credit facility and increase availability under its revolving credit facility to $400 million. TransDigm plans to utilize a portion of the proceeds from the aforementioned financing transactions to finance its previously announced offer to purchase any and all of its outstanding $1.6 billion aggregate principal amount of 7.75% Senior Subordinated Notes due 2018. Also, the Company is considering paying a cash dividend in the range of $900 million to $1.5 billion. The full analyst notes on TransDigm are available to download free of charge at:
http://www.analystsreview.com/2789-TDG-22May2014.pdf
Masco Corporation Analyst Notes
On May 15, 2014, Masco Corporation (Masco) announced that the Company's Board of Directors has approved a 20% increase in its quarterly common stock dividend, from $0.075 per common share to $.090 per common share, payable on July 15, 2014 to shareholders of record on June 16, 2014. Masco's President and CEO, Keith Allman, commented, "The increased quarterly dividend reflects Masco's strong balance sheet, cash flow and favorable long-term outlook. We believe we are well positioned to grow our key brands and to gain market share in 2014 and beyond." The full analyst notes on Masco are available to download free of charge at:
http://www.analystsreview.com/2789-MAS-22May2014.pdf
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