Altra Industrial Motion (AIMC) Reports Inline Q3 EPS; Narrows FY16 Outlook; Approves $30M Stock Buyback Plan
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Stephens Upgrades Altra Holdings (AIMC) to Overweight
October 24, 2016 8:48 AM EDTStephens upgraded Altra Holdings (NASDAQ: AIMC) from Equal Weight to Overweight.
For an analyst ratings summary and ratings history on Altra Holdings click here. For more ratings news on Altra Holdings click here.
Shares of Altra Holdings closed at $29.05 yesterday.
... MoreAltra Industrial Motion (AIMC) to Acquire GKN's Stromag
October 21, 2016 8:44 AM EDTAltra Industrial Motion Corp. (NASDAQ: AIMC) announced that it intends to acquire the Stromag business from GKN plc. Stromag generated approximately 131 million euros in revenue in 2015, and the acquisition is anticipated to be accretive to Altras earnings in 2017, excluding any one-time or acquisition-related costs.
The acquisition cost comprises the assumption of debt totaling approximately 14 million euros and a cash consideration, payable at closing, of approximately 184 million euros and is subject to normal adjustments in working capital and other reconciling items
The acquisition of Stromag... More
