Zep Inc. Reports Fiscal Second Quarter 2015 Results
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Wunderlich Securities Downgrades Zep (ZEP) to Sell
April 8, 2015 9:24 AM EDTWunderlich Securities downgraded Zep (NYSE: ZEP) from Buy to Sell.
For an analyst ratings summary and ratings history on Zep click here. For more ratings news on Zep click here.
Shares of Zep closed at $17.09 yesterday.
... MoreZep, Inc. (ZEP) Misses Q2 EPS by 5c
April 8, 2015 8:48 AM EDTZep, Inc. (NYSE: ZEP) reported Q2 EPS of $0.01, $0.05 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $160.1 million versus the consensus estimate of $159.87 million.
Im pleased to see a continuation of organic sales growth trends this quarter. Transportation-related... More
New Mountain Capital to Acquire Zep, Inc. (ZEP) in $692M Deal
April 8, 2015 8:02 AM EDTZep Inc. (NYSE: ZEP) and New Mountain Capital announced that they have entered into a definitive merger agreement under which a fund managed by New Mountain Capital, L.L.C. will acquire all outstanding shares of Zep Inc. common stock for $20.05 per share in cash. The transaction is valued at approximately $692 million, including net debt.
Under the terms of the agreement, Zep Inc. stockholders will receive $20.05 in cash for each share of Zep Inc. common stock they own. The purchase price represents a 23% premium to Zep Inc.s 90-day volume weighted average stock... More
