Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Pending Mergers, Financial Results, Price Increases, Earnings Schedules and Board Appointments - Research Report on Cooper,



 Pending Mergers, Financial Results, Price Increases, Earnings Schedules and
 Board Appointments - Research Report on Cooper, Wolverine World Wide, Sealed
                        Air, Ball, and Berry Plastics

Editor Note: For more information about this release, please scroll to bottom.

PR Newswire

NEW YORK, October 11, 2013

NEW YORK, October 11, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Cooper
Tire & Rubber Co. (NYSE: CTB), Wolverine World Wide Inc. (NYSE: WWW), Sealed
Air Corporation (NYSE: SEE), Ball Corporation (NYSE: BLL), and Berry Plastics
Group, Inc. (NYSE: BERY). Today's readers may access these reports free of
charge - including full price targets, industry analysis and analyst ratings -
via the links below.

Cooper Tire & Rubber Co. Research Report

On October 4, 2013, Cooper Tire & Rubber Company (Cooper) announced that it
has filed a complaint in Delaware Chancery Court asking that subsidiaries of
Apollo Tyres Ltd (ApolloTYRE) be required to expeditiously close the pending
merger between the two tire companies in accordance with the terms of the
definitive merger agreement. Earlier, on September 30, 2013, Cooper
stockholders voted overwhelmingly to approve the pending merger, satisfying
Cooper's final affirmative condition under the merger agreement for closing
the $2.5 billion, all-cash transaction. Cooper informed that the pending
merger was announced on June 12, 2013 after the boards of directors of both
companies unanimously approved the sale of Cooper to a wholly-owned subsidiary
of Apollo for $35 per share. Cooper Chairman, CEO and President Roy Armes
said, "Cooper has an obligation to protect the rights of our stockholders, who
voted overwhelmingly in favor of the merger. With their approval, we have met
our conditions for closing. The complaint filed today is a necessary step in
the process to assure that the terms of the merger agreement are met as
required and that we do everything possible to get the transaction closed
promptly." The Full Research Report on Cooper Tire & Rubber Co. - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.analystscorner.com/r/full_research_report/a5c6_CTB]

--

Wolverine World Wide Inc. Research Report

On October 8, 2013, Wolverine Worldwide Inc. (Wolverine Worldwide) reported
its Q3 FY 2013 financial results (period ended September 7, 2013). The Company
reported revenue of $716.7 million, a 103.0% YoY growth. The Company's gross
margin increased to 39.9% from 39.2% in Q3 FY 2012, primarily due to favorable
channel mix, partially offset by foreign exchange contract losses. The Company
reported net earnings attributable to Wolverine Worldwide of $54.4 million, or
diluted EPS of $1.08 for the quarter, compared to net income of $32.7 million
or diluted EPS of $0.66 in Q3 FY 2012. "The power of the Company's 16-brand
portfolio, combined with strong execution of growth strategies by our team,
led to an outstanding quarter," said Blake W. Krueger, Chairman and CEO.
"Double-digit revenue increases across many of our brands, such as Merrell,
Sperry Top-Sider, Saucony, Keds, Chaco and Cushe, helped drive the phenomenal
earnings performance. Additionally, solid single-digit revenue growth in North
America and excellent double-digit growth in Latin America, Asia Pacific and
EMEA reflect the impressive global momentum of our business." The Full
Research Report on Wolverine World Wide Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.analystscorner.com/r/full_research_report/a7b4_WWW]

--

Sealed Air Corporation Research Report

On October 8, 2013, Sealed Air Corporation (Sealed Air) announced price
increases ranging from 4% to 9% for most products in the Company's Food Care
and Product Care divisions in North America. The Company informed that these
actions are a direct result of recent significant price increases announced in
September 2013 by major petrochemical suppliers in the North American market.
Sealed Air reported that the price increases will be effective as of November
1, 2013 at the latest, or as allowed by existing contracts. Jerome A.
Peribere, Sealed Air President and CEO commented that "the Company is seeking
to minimize the cost increases and their impact on our customers; however, we
need to offset them through a responsible price policy that enables us to
continue to invest in service and innovation and serve our customers long
term." The Full Research Report on Sealed Air Corporation - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.analystscorner.com/r/full_research_report/5550_SEE]

--

Ball Corporation Research Report

On September 24, 2013, Ball Corp. (Ball) announced the schedule of its Q3 2013
earnings release. The Company will report its earnings on October 24, 2013,
Thursday, before trading begins on the New York Stock Exchange. In addition,
the Company will hold its regular quarterly conference call to discuss the
results and performance at 7 a.m. Mountain Time (9 a.m. ET) on the same day.
The Full Research Report on Ball Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.analystscorner.com/r/full_research_report/a717_BLL]

--

Berry Plastics Group, Inc. Research Report

On October 4, 2013, Berry Plastics Group Inc. (Berry Plastics) announced that
Ronald S. Rolfe has been appointed to the Company's Board of Directors. Mr.
Rolfe will also serve as a member of the Company's Audit Committee. Jon Rich,
Chairman and CEO of Berry Plastics, commented, "Ron is highly regarded in the
legal community and we are honored to have him join our Board." Mr. Rolfe
previously served as a member of the Litigation Department at Cravath, Swaine
& Moore LLP for more than 40 years. The Full Research Report on Berry Plastics
Group, Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/cab7_BERY]

----

EDITOR NOTES:

 1. This is not company news. We are an independent source and our views do
    not reflect the companies mentioned.
 2. Information in this release is fact checked and produced on a best efforts
    basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are
    only human and are prone to make mistakes. If you notice any errors or
    omissions, please notify us below.
 3. This information is submitted as a net-positive to companies mentioned, to
    increase awareness for mentioned companies to our subscriber base and the
    investing public.
 4. If you wish to have your company covered in more detail by our team, or
    wish to learn more about our services, please contact us at
    pubco@EquityNewsNetwork.com.
 5. For any urgent concerns or inquiries, please contact us at
    compliance@EquityNewsNetwork.com.
 6. Are you a public company? Would you like to see similar coverage on your
    company? Send us a full investors' package to
    research@EquityNewsNetwork.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider represented by Ananya Ghosh, CFA, has
only reviewed the information provided by Equity News Network in this article
or report according to the Procedures outlined by Equity News Network. Equity
News Network is not entitled to veto or interfere in the application of such
procedures by the outsourced provider to the articles, documents or reports,
as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA
Institute.

AnalystsCorner.com

SOURCE Analysts' Corner

Contact: Joe Thomas: +1-310-496-8071 (North America)
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement