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PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, November 05, 2009: CF, SNV, MTZ, HOT, AA and GE
Nov 05, 2009 (M2 PRESSWIRE via COMTEX) --
Picksthatmove.com Alerts include CF Industries Holdings, Inc. (NYSE: CF); Synovus (NYSE: SNV); MasTec, Inc. (NYSE: MTZ); Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT); Alcoa (NYSE:AA) and General Electric Company (NYSE:GE)
-- November 05, 2009 CF Industries Holdings, Inc. (NYSE: CF) at $79.39 on a volume of 3.94M shares
In a press release on November 05, CF Industries Comments on Agrium's Latest Revised Proposal
DEERFIELD, Ill., Nov 05, 2009 CF Industries Holdings, Inc. (NYSE: CF) confirmed today that it has received another revised proposal from Agrium Inc. (TSX: AGU) (NYSE: AGU) regarding an acquisition of CF Industries. CF Industries noted that Agrium's offer represents substantially lower multiples of EBITDA than CF Industries' offer for Terra Industries Inc. (NYSE: TRA).
CF Industries' board of directors will in due course review the latest revised proposal.
Morgan Stanley and Rothschild are acting as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to CF Industries.
About CF Industries
CF Industries Holdings, Inc., headquartered in Deerfield, Illinois, is the holding company for the operations of CF Industries, Inc. CF Industries, Inc. is a major producer and distributor of nitrogen and phosphate fertilizer products. CF Industries operates world-scale nitrogen fertilizer plants in Donaldsonville, Louisiana and Medicine Hat, Alberta, Canada; conducts phosphate mining and manufacturing operations in Central Florida; and distributes fertilizer products through a system of terminals, warehouses, and associated transportation equipment located primarily in the Midwestern United States. The company also owns a 50 percent interest in KEYTRADE AG, a global fertilizer trading organization headquartered near Zurich, Switzerland. Additional information on CF Industries is found on the company's website at www.cfindustries.com.
-- November 05, 2009 Synovus (NYSE: SNV) trading at $1.90 on a volume of 8.27M shares
In a press release on November 05, Synovus to Present at the Sandler O'Neill East Coast Financial Services Conference
COLUMBUS, Ga., Nov 05, 2009 Synovus (NYSE: SNV) Chairman, President and Chief Executive Officer Richard Anthony will present at the Sandler O'Neill East Coast Financial Services Conference on Thursday, November 12, 2009 at 7:45 a.m. ET. Shareholders and other interested persons may listen to this presentation via simultaneous Internet broadcast or Live audio dial-in. For a link to the webcast and dial-in information, go to www.synovus.com and choose the Investor Relations section. You may download RealPlayer or Windows Media Player (free download available) prior to accessing the presentation. The webcast will be archived for 60 days.
About Synovus
Synovus Financial Corp. (Synovus) is a diversified financial services company and a registered bank holding company. The Company provides financial services, including commercial and retail banking, financial management, insurance, mortgage and leasing services. The Company offers services to its customers through 31 wholly owned subsidiary banks and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. As of December 31, 2008, Synovus had approximately $28.6 billion in total deposits.
-- November 05, 2009 MasTec, Inc. (NYSE: MTZ) trading at $11.46 on a volume of 2.13M shares.
In a press release out on November 05, MasTec Announces Pricing of $100 Million of 4.25% Senior Convertible Notes due 2014
CORAL GABLES, Fla., Nov 05, 2009 MasTec, Inc. (NYSE: MTZ) announced today that it has entered into definitive purchase agreements with accredited investors who are also qualified institutional buyers for the purchase and sale of $100 million of 4.25% Senior Convertible Notes due 2014 ("Notes").
The Notes are convertible into shares of the Company's common stock at an initial conversion rate of 64.6162 shares of common stock per $1,000 principal amount of Notes, equivalent to an initial conversion price of approximately $15.48 per share of common stock, subject to adjustment in certain circumstances. The convertible notes will be guaranteed by the MasTec subsidiaries that guarantee MasTec's existing senior notes due 2017 and existing senior convertible notes due 2014. The Notes will mature on December 15, 2014.
About MasTec, Inc.
MasTec, Inc. (NYSE: MTZ) is a specialty contractor operating mainly throughout the United States and Canada, and across a range of industries. The Company's principal activities include building, installation, maintenance and upgrade of utility and communications infrastructure. MasTec's primary customers in various industries include utilities (including wind farms and other renewable energy, natural gas gathering systems and pipeline infrastructure), communications (including telephony, satellite television and cable television) and government (including water and sewer, utilities and communications work on military bases). In May 2008, it acquired Pumpco, Inc., a mid-stream natural gas pipeline construction company. In July 2008, MasTec acquired certain assets of Nsoro, LLC, which specializes in wireless network design, construction, upgrade and maintenance. In December 2008, it acquired Wanzek Construction, Inc.
-- November 05, 2009 Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) last at $30.59 a volume of 2.07M shares
In a press release out on November 05, Starwood Hotels Announces the Sale of the St. Regis New York's Retail Space for $117 Million
WHITE PLAINS, N.Y., Nov 05, 2009 Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that the Company has closed on the sale of 24,700 square feet of retail space at the St. Regis New York to GFC Fifth Avenue LLC, an investment group led by the Chera family's Crown Acquisitions, Lloyd Goldman and the Feil Organization. The sales price of $117 million represents a 5% cap rate on anticipated 2009 NOI.
Sale proceeds will go towards additional debt paydown.
About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 982 properties in 100 countries and approximately 145,000 employees at its owned and managed properties. Starwood(R) Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton, W(R), Le Meridien(R), and the recently announced Aloft(SM)and Element(SM). Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.
-- November 05, 2009 Alcoa (NYSE:AA) last at $12.85 on a volume of 10.14M shares
In a press release out on November 05, Alcoa to Rebuild, Enhance Forging Press in Cleveland
Refurbishment Solidifies Alcoa's Cleveland Works as a Premier Forging Producer
CLEVELAND, Nov 05, 2009 Alcoa (NYSE:AA) announced today that funding has been approved for the complete repair and refurbishment of its 50,000-ton forging press at the company's Cleveland Works.
The project will make Cleveland Works the world's premier producer of large aluminum and titanium forgings for the defense, aerospace and industrial markets.
About Alcoa
Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa(R) wheels, fastening systems, precision and investment castings, and building systems. The Company has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland and has been a member of the Dow Jones Sustainability Index for eight consecutive years. Alcoa employs approximately 63,000 people in 31 countries across the world. More information can be found at www.alcoa.com
-- November 05, 2009 General Electric Company (NYSE:GE) trading at $14.35 on a volume of 32.01M shares
In a press release out on November 05, GE Healthcare Collaborates with USP Hospitales in Spain, and Federico II, University of Naples in Italy, to Evaluate Latest Ultrasound Innovation
USP Hospitales, Spain, and Federico II, University of Naples, Italy, selected among the first European institutions to run multi-centre clinical impact evaluations as part of a global initiative
BRUSSELS, Nov 05, 2009 GE's Vscan, pocket-sized visualization tool may help change healthcare practice by enhancing doctors' ability to conduct immediate non-invasive patient check-ups
Vscan could become as indispensable as the stethoscope
GE Healthcare, the US$ 17 billion healthcare business of General Electric Company (NYSE:GE) announced it has entered into agreements with USP Hospitales, Spain and Federico II, University of Naples, Italy to launch the first European clinical impact evaluations using Vscan, GE's new pocket-sized visualization tool that houses ultrasound technology. Vscan has the potential to help redefine the physical exam and improve patient care by enhancing the doctor's ability to quickly assess patients.
About GE Healthcare
GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.
About General Electric Company
General Electric Company (GE) is a diversified technology, media and financial services company. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. As of December 31, 2008, GE operated in five segments: Energy Infrastructure, Technology Infrastructure, NBC Universal, Capital Finance and Consumer & Industrial. In January 2009, the Company acquired Interbanca S.p.A., an Italian corporate bank. In April 2008, Oil & Gas completed the acquisition of the Hydril Pressure Controls business from Tenaris. In September 2008, the Company announced the sale of its Japanese consumer finance business to Shinsei Bank. During the year ended December 31, 2008, the Company acquired Whatman plc; Vital Signs, Inc.; Merrill Lynch Capital, and CitiCapital.In September 2009, the Company completed the acquisition of ScanWind.
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