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Covidien plc (NYSE: COV) COV (”Covidien”) recently reported a definitive agreement to acquire CV Ingenuity. The companies expect to complete the acquisition in the first calendar quarter of 2013. Financial terms of the transaction were not disclosed. CV Ingenuity, a privately-held company based in Fremont, CA, is focused on improving patient outcomes in the treatment of peripheral arterial disease (PAD) by providing solutions to relieve vascular obstructions, inhibit restenosis, and allow natural vessel healing. The company’s core technology, while still in the investigational phase, is a Drug
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Coated Balloon (DCB) platform with a novel, proprietary, tunable, rapid-release system. As a result
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Dataram Corporation (NASDAQ: DRAM) DRAM (”Dataram”) previously reported its financial results for the three and six months ended October 31, 2012. Revenues for the three and six months ended October 31, 2012 were $7.0 million and $15.0 million, respectively, which compares to $10.4 million and $20.7 million for the comparable prior year periods. The Company incurred a net loss for the three months ended October 31, 2012 of $1.2 million, which compares to a net loss of $1.2 million for the comparable prior year period. For the six months ended October 31, 2012, the net loss totaled $2.2 million
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as compared to $2.0 million for the prior comparable period. The Company recorded a charge to cost
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General Electric Company (NYSE: GE) GE Aviation previously reported that it has agreed to purchase the aviation business of Avio S.p.A., an Italy-based manufacturer of aviation propulsion components and systems for civil and military aircraft, for $4.3 billion U.S. (€3.3 billion). The announcement was made in Milan, Italy, by David Joyce, president and CEO of GE Aviation, and Nani Beccalli, president and CEO of GE (”General Electric”) Europe. GE Aviation plans to acquire Avio’s aviation business from Cinven, a leading European private equity firm that has owned Avio since 2006, and Finmeccanic
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a, the Italian aerospace group. The transaction is subject to regulatory and governmental approvals.
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ITT Exelis (NYSE: XLS) XLS (”ITT Exelis”) has previously reported a realignment of its business divisions to capitalize on operating efficiencies and increase focus on its strategic growth platforms. The reorganization, which is effective January 2, 2013, will include: Night Vision and Tactical Communications Systems will be composed from the combination of the night vision and communications businesses that were previously part of other divisions, and the composite aerostructures business, a strategic growth area, will be separated from its current division and operate as a standalone busines
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s area in order to build synergies and customer focus. Upon implementation of these changes, the com
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TSYS (NYSE: TSS) TSS (”TSYS”) previously reported the signing of a long-term agreement with Merrick Bank, a subsidiary of CardWorks, Inc., to provide flexible solutions for Merrick’s independent sales organization (ISO) partners, including point-of-sale (POS) solutions, authorization, settlement, reporting, managed services and risk mitigation solutions. Terms of the agreement were not disclosed. At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief “People-Centered Payments.” By putting people at the center of every decision we
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make, with unmatched customer service and industry insight, TSYS is able to support financial instit
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Headwaters Inc. (NYSE: HW) HW (”Headwaters”) previously reported it has entered into an agreement to acquire the assets of Kleer Lumber, Inc., a manufacturer of high quality and eco-friendly cellular PVC trim board and moulding products. The acquisition of Kleer Lumber will add a full range of cellular PVC products to Headwaters’ Light Building Products offerings, including trim boards, millwork, sheet stock, paneling, and moulding, as well as the company’s recently introduced decking and railing products. Kleer Lumber’s trim boards offer the TruEDGE feature, a proprietary and innovative techn
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ology that seals edges, improving trim board performance and appearance. Kleer Lumber’s products are
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NuStar Energy L.P. (NYSE: NS) NS (”NuStar Energy”) has previously reported that it has entered into a long-term Pipeline and Terminal Services Agreement with ConocoPhillips that will allow expansion of NuStar’s South Texas Crude Oil Pipeline System. The agreement will include a pipeline expansion project for NuStar that will allow NuStar to serve ConocoPhillips’ growing production in the Eagle Ford Shale play, and new pipeline and terminal facilities will provide Eagle Ford producers with a cost-effective transportation alternative for their growing production. A new NuStar pipeline will origi
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nate at a 100,000 barrel NuStar terminal to be constructed near Pawnee, Texas, and will connect to N
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Southcross Energy Partners, L.P. (NYSE: SXE) SXE (“Southcross”) previously reported financial and operating results of Southcross Energy LLC, the predecessor of Southcross (the “Predecessor”) for the third quarter of 2012. Southcross closed its initial public offering of common units on November 7, 2012. Third quarter 2012 highlights included SXE (“Southcross”) processed natural gas volumes averaged 166,140 million BTU per day during the third quarter 2012, an increase of 42% from third quarter 2011, NGL production grew due to greater volumes of liquids-rich gas from Eagle Ford shale customers
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and averaged 8,337 barrels per day during the third quarter 2012, an increase of 101% from third qu
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Aegion Corporation (NASDAQ: AEGN) AEGN (”Aegion”) previously reported that its subsidiary, Fyfe Hong Kong Limited, has received a contract valued at $8.5 million (USD) for the rehabilitation of potable water pipelines, ranging from 35-inches to 47-inches in diameter, located in Hong Kong for the Government of Hong Kong Water Supplies Department. This award is in addition to the Fyfe Hong Kong project announced in September 2012 valued at $12.9 million (USD). Fyfe Hong Kong will install its patented Tyfo® Fibrwrap® system, a fiber reinforced polymer material that repairs, strengthens and retrof
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its pressure pipelines. Fibrwrap® is a highly engineered approach that utilizes advanced technology
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EMCOR Group, Inc. (NYSE: EME) EME (”EMCOR Group”) previously reported that its subsidiary EMCOR Government Services, Inc has been awarded a contract by the U.S. Army to perform support services for the Directorate of Public Works at Fort Huachuca, in Sierra Vista, Arizona. The project began November 1, 2012. The contract provides for a one-year term with an option by the U.S. Army to extend it for up to four additional years. If the project extends over the five-year period, EMCOR Government Services will be paid an aggregate of $42.7M. EMCOR Government Services will be responsible for perform
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ing a variety of functions at Fort Huachuca, including operation and maintenance of water and wastew